The companies at the top of the list shifted just slightly coming from last year. Microsoft jumped up by one spot to take third place, while electric-car company Tesla fell coming from No. 3 to sixth place. Retail giant Amazon climbed coming from fifth place to fourth place, as well as Netflix, which made the top 10 in 2017, fell to No. 13.
inside the most recent report, two brand new companies managed to push their way into the top 10: ride-hailing app Uber as well as e-commerce site Alibaba.
Geographically, North America produced the most innovative companies, with 27 featured on the list. Europe produced 16 entrants, up coming from 10 last year.
The travel as well as transportation sector also expanded its showing on the 2018 list, with companies such as Uber, Tesla, SpaceX as well as Airbnb included.
The firm found of which the most innovative companies have been fueled by digital technologies. For example, they prioritize mobile products, digital design, big data as well as also quickly adapt to technological advances. They also tend to develop as well as test brand new products faster as well as more cheaply than various other companies.
According to the research, the biggest difference between the most innovative companies as well as the companies of which appear much lower on the list can be how heavily they have incorporated these digital processes into their businesses.
“While 79 percent of strong innovators reported of which they had properly digitized innovation processes, only 29 percent of weak innovators make the same claim,” the study reports.