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In an effort to drive the innovation landscape in India, NASSCOM announced the winners of the Innovation Awards 2012.
"The awards recognize companies that have made innovation a part of their organizational DNA, and used the innovation engine to reinvent their processes, marketing and product development strategies. I would like to congratulate the winners and encourage every organization to follow them and go the 'innovation' way," said Som Mittal, president of NASSCOM.
In the Product Category, the New Technology Advancement Winner was Cisco Systems India Pvt Ltd and the runner-up the Centre for Development of Advanced Computing (CDAC). In the Process Category, the Market Facing Innovation Winner was HCL Technologies Ltd. and the Business Services runner-up was Logica India Pvt Ltd. SCOPE International Private Ltd. won in the social innovation category.
The Internal Process Innovation Winner in the Process Category was Ericsson India Global Services Pvt Ltd and thre runner-up was Global Business Services, HP.
The winners were selected after a rigorous process by an esteemed panel of judges comprising of industry luminaries, academicians, and analysts and were chosen across the telecom, manufacturing, BSFI, healthcare, utilities, and other verticals. The entries were shortlisted on the basis of the innovation of technology, scalability of the model and number of patents filed by the applicant company.
NASSCOM is India's National Association of Software and Service Companies, the premier trade body and the chamber of commerce of the IT software and services industry in India. NASSCOM is a global trade body with over 1,300 members, of which over 250 are global companies from the US, UK, EU, Japan and China.
China now leads the world in the number of patent and trademark filings, but still faces challenges as a global player, Thomson Reuters research indicates.
Published patent applications in China increased by 16.7 percent between 2006 and 2010; and Thomson Reuters projects that China will publish 493,000 patent applications annually by 2015. Since 2000, the number of trademarks registered in China has increased by more than 450 percent, far outpacing other nations, despite widespread counterfeiting and infringement.
Over the last five years, there has been an 80 percent increase in Chinese scientific literature annual output, making China second in the world in published scientific papers. The United States, which currently has the highest overall output, grew by 5 percent.
Chinese organizations, however, are not protecting their inventions by filing patents globally at the same level as other innovation-minded countries, the research organization found. Currently, only 5.6 percent of China's inventions are protected with global patent filings abroad, far less than the United States (48.8 percent) and Japan (38.7 percent).
According to the Thomson Reuters Top 100 Global Innovators analysis, the most innovative companies in the world are based in the United States (40 percent), Europe (29 percent), and Japan (27 percent).
Six US technology trade organizations and their members are pushing for recommendations that they hope will improve the American economy and support innovation.
The recommendations were contained in a letter sent to the Joint Committee on Deficit Reduction sponsored by TechNet, Business Software Alliance, Consumer Electronics Association, Information Technology Industry Council, Silicon Valley Leadership Group, and TechAmerica. The letter included recommendations on tax reform, research and development, spectrum, smart deployment of information technology to reduce waste, high-skilled immigration reform, deployment, among others.
The groups are pushing for tax reform, in particular calling for the US to "repatriate the approximate $1 trillion in accumulated foreign earnings that are locked outside of our country because of an antiquated and punitive tax code."
The companies also back continued investment in research and development even in tough times and called on lawmakers to resolve the deficit issues. They are urging that more spectrum be made available for mobile broadband and increasing the number of employment-based visas for highly educated workers.
The quality of patent filings has fallen dramatically over the past two decades. The rush to protect minor improvements in products or services is overburdening patent offices, slowing the time to market for true innovations and reducing the potential for breakthrough inventions, according to a new OECD report.
The Science, Technology and Industry Scoreboard 2011 finds that patent quality has declined by an average of 20 percent between the 1990s and 2000s, a pattern seen in nearly all countries studied.
Studying patent quality in different sectors has also allowed the OECD to assess which countries are doing best in innovation. The United Kingdom, for example, produces semiconductor and environmental technology patents that are above average in quality. Korea has a competitive advantage in ICT-related innovations. And Germany is strong at innovating in solar energy.
Patents from inventors in the United States, Germany, and Japan are the most highly cited, which suggests they are true innovations being used by many firms in their products to generate further innovations. But while these countries produced about 70 percent of the top 1 percent of highly cited patents between 1996 and 2000, their share had fallen to 60 percent five years later.
The Nordic countries and China, India, and Korea have seen their share increase of highly cited patents. The European Union is leading in clean energy technologies, representing nearly 40 percent of all filings by the late 2000s, followed by the US and Japan. In this area, China now ranks 8th worldwide.
The OECD report ranks research by universities worldwide. Overall, 40 of the top 50 are located in the United States, with the rest in Europe. But a more diverse picture emerges when looking at subject areas. In social sciences, for example, the UK leads with 16 of the top 50 institutions after the US. And there is growing evidence that universities in Asia are emerging as leading research institutions: China has 6 in the top 50 in pharmacology, toxicology, and pharmaceutics. And Hong Kong University is among the best in computer science, engineering, and chemistry.
The US leads the world in research and development, with around US $400 billion of spending on R&D in 2009. China is today second, with over one-third of that total, followed by Japan. The European Union as a whole spent about US $300 billion in 2009.
The Scoreboard tracks trends in science, technology, and industry to understand how innovation is evolving and how countries are positioning themselves in the global knowledge economy. It includes more than 180 internationally comparable quality indicators and provides a broad range of statistics for other major economies such as Brazil, China, India, and the Russian Federation.
Canadian and American office workers agree that business leaders need to take more intelligent risks in order to create innovation. In a Microsoft Canada survey conducted by Harris/Decima, senior and junior/mid-level Canadian and US office workers were polled to better understand their views about technology and innovation in the workplace.
Some 84 percent of Canadians and 77 percent of Americans believe business leaders need to take more risks to create innovation, while only 53 percent of Canadians and 55 percent of Americans feel the company they work for is already driving innovation.
"Canadian business leaders must embrace an appetite for intelligent risk instead of shying away from it to stay within the comfort of status quo," said Eric Gales, president of Microsoft Canada. "Now is the time to create organizational cultures where risk is not a dirty four-letter word, but is encouraged as a valuable ingredient in fueling learning, creativity, and inspiring innovation."
The majority of office workers in both Canada (97 percent) and the US (96 percent) also agreed that companies must embrace new technologies in order to remain competitive. Both Canadians (96 percent) and Americans (99 percent) agree that technology is shaping the future of how they work.
"The business world is in the midst of an exciting period of change driven by technology," said ING Direct CEO Peter Aceto, commenting on the survey results. "For businesses to be successful in this environment, leaders need to promote a culture where employees at all levels not only understand their business but feel safe to experiment in it - to reach far across the divide - with no danger of the repercussions of failure."
Gales said the misconception that risk automatically equates to danger must be overcome. "We need to transform the idea of risk into a true opportunity - whether in business, skiing down a mountain, or in improving Canada's healthcare system. Business leaders need to empower their teams and drive forward innovation to strengthen our economy and put Canada on the map."
The survey also found that younger corporate/business workers entering the workforce are considered to be just as innovative (Canada 47 percent; US 46 percent) or more innovative (Canada 41 percent; US 39 percent) than today's current leaders. The top reason for indicating the younger generation is more innovative than today's current leaders is their experience, comfort, and understanding of technology.Americans are more likely than Canadians to believe the younger generation is more innovative due to their experience with technology, while Canadians are more likely than Americans to think the younger generation is more innovative because of their ability to learn and adapt and their fresh approach.
The 2010 Milken Institute survey of top states for technology and science assets shows the same four states--Massachusetts, Maryland, Colorado, and California--in the lead as two years ago. But if Utah's rise to fifth place from eighth in 2008 is any indication, those four big states better watch their backs.
With competition rising from abroad and federal budget allocations under fire, states are facing increasing pressure to nurture their own innovation assets in order grow and sustain diverse economies for the future. Some states, including top-ranked Massachusetts, have successfully built and leveraged their science and technology resources through investment and long-term planning, according to the institute.
These top-ranked states have successfully invested in and are leveraging the tech and science assets that are the engines for 21st century economic growth. The index has tracked and evaluated states' tech and science capabilities and their ability to convert them into companies and high-paying jobs since 2002.
The top 10 (with previous index rankings in 2008) are:1.Massachusetts (1)2.Maryland (2)3.Colorado (3)4.California (4)5.Utah (8)6.Washington (5)7.New Hampshire (9)8.Virginia (6)9.Connecticut (7)10.Delaware (14)
The 2010 State Technology and Science Index looks at 79 unique indicators that are categorized into five major components: Research and Development Inputs, Risk Capital and Entrepreneurial Infrastructure, Human Capital Investment, Technology and Science Work Force, and Technology Concentration and Dynamism. It is one of the most comprehensive examinations of state technology and science assets ever compiled.
Organizations across Europe, the Middle East, and Africa (EMEA) agree on the need to refocus IT budgets toward IT innovation in order to improve business performance, productivity, and profitability, according to a new study conducted by SAP. The study looked into IT spending priorities of nearly 500 senior IT decision-makers in eight countries across EMEA, and concluded that a key issue was the division of IT spend among three areas: operations, maintenance, and innovation.
One-third of companies said that their current IT strategy is too focused on "simply keeping the lights on" in the day-to-day running of existing IT systems. Overall, an alarming 60 percent of companies said that this IT strategy has held them back from investing in innovation. Respondents indicated that they face a wide range of issues that currently prevent them from investing in IT innovation.
The most commonly cited reason was uncertainty about the economy, with 48 percent of respondents believing this was a barrier. In addition, 39 percent stated that too much money is spent on operations at the moment, therefore leaving a deficit in the budget that could otherwise be directed toward IT innovation. The detrimental effect was also viewed as impacting competitiveness, with 38 percent of respondents stating the current spend priorities harmed their competitive position.
Lack of spend on IT innovation is having a negative business impact, with 44 percent of respondents saying it has directly resulted in lack of productivity. Forty-three percent also claim to have lost potential cost savings because of the spend deficit. Additionally, over half of the companies surveyed believe that they would get greater business value if more was spent on IT innovation.
When asked how this lack of IT innovation investment would impact their company over the next three years, one-third of respondents claimed that this would result in lower revenue growth than their business needed, and 38 percent also said it would result in a failure to meet regulation and compliance demands.
"Our research has confirmed that companies continue to spend more of their IT budgets on operations than on IT innovation," said Chris McClain, senior vice president of EMEA and India, SAP Premier Customer Network. "SAP is working with many customers around the world to help them lower their TCO to apply resources toward the innovation that will give them the advantages to grow their businesses and achieve their strategic goals."
The survey was comprised of 487 interviews with senior IT decision-makers including CIOs, IT budget decision-makers, and IT budget holders, conducted across eight countries (UK, Russia, Germany, UAE, France, Saudi, Italy, and Qatar). SAP is the world's leading provider of business software, offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses.
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