Companies are using innovation as a disruptive change mechanism to stay on top of the dynamically evolving industry landscape. GlobalData's Innovation Scorecard focuses not only on the activity of Innovation in the organization but also on its impact and disruptive potential using the 3I framework: Intensity, Impact, and Ingenuity using 19 high-impact KPIs derived from GlobalData’s patents, deals, and jobs databases. The two major sectors driving innovation are Technology & Communications sector and Pharmaceuticals & Healthcare sector
Technology & Communications sector
The technology and communications sector has largely thrived over the past two years since the onset of the COVID 19 pandemic Many companies are focused on taking full advantage of advanced technologies such as Artificial Intelligence, IoT, Blockchain, Robotics, Cloud Computing, VR, AR, 3-D Printing, and others to improve transparency, agility, collaboration, sustainability, and digital innovation. In the technology & communications sector Alphabet, Tencent, Baidu, Meta, and Qualcomm are the five leading companies based on the activity, impact, and disruptive potential of their innovation.
Pharmaceuticals and Healthcare sector
The pharmaceuticals and healthcare sector has been facing disruption at unprecedented levels and COVID 19 has put the sector into the spotlight with the world urgently working towards a breakthrough in the fight against the pandemic with chronic diseases on the rise, the demand for innovative healthcare solutions is growing globally. In the pharmaceuticals & healthcare sector, Johnson & Johnson, Roche, Bayer, Merck, and Bristol Myers Squibb are the five leading innovative companies.
Technology & Communications, and Pharma & Medical Equipment sector companies driving the innovation are primarily located in the US. To read more about top-ranked innovative companies in other sectors and the key innovative themes: Spotting Innovative Companies: Innovation Scorecard 2022
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