Insights from GlobalData’s 3I Innovation Scorecard for 3500 Public Companies
With the help of GlobalData's alternative datasets, Innovation Scorecard can benchmark and rank the relative innovation performance of over 3,500 largest publicly traded companies across three dimensions: Intensity, Impact, and Ingenuity, as well as disclose disruptive potential across geography, sector, and theme.
- Alphabet, Tencent, and Qualcomm are the top three innovative companies in the last ten years
- Kia, Hyundai, Johnson & Johnson, Capital One, Baidu, and BOE have emerged as innovative companies and made place into the top 20 innovative club in the last three years
- The proprietary four-quadrant analysis identifies the market leaders, challengers, and laggards based on the innovation impact and disruptive potential for various companies. Our model indicates Revlon to be a traditional laggard in the consumer sector, and their most recent bankruptcy filings support this. On the other hand, its rival Loreal rises as a disruptor leader in the sector
- The innovation scorecard identifies technology & communications and pharma & healthcare as the two main sectors driving innovation
The innovation rankings are based on quantifiable data to ensure that it is objective and can be comparatively measured across companies from different sectors, geographies, and themes.
According to the Innovation Scorecard 2022 report, the comparisons of the top 10 companies' rankings during the past ten, five, and three years, Tencent has risen from second place to first place in the previous three years.
Top 20 Club: New Entrants and Dropouts
In the last three years, it has been observed that Kia, Hyundai, Johnson & Johnson, Capital One, Baidu, and BOE has entered the top 20 innovative club. While Siemens, General Motors, Nokia, Philips, HP, and Ericsson have dropped out from the same.
Leaders, challengers, and laggards based on Innovation Impact & Disruptive Potential in the consumer sector
L’Oreal is one of the leaders in the consumer sector and the majority of its research is on advancements in skincare, hair care, and cosmetic formulations.
Innovation Scorecard: Sector Coverage
As per the Innovation Scorecard 2022 report, top sectors such as technology & communication have contributed 21%, pharmaceuticals & healthcare 14%, and industrial goods & machinery has an 8% share which are driving major innovation.
Access the full report: Innovation Scorecard 2022
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