Johnson Controls named to top innovators list
Johnson Controls ranks among the most innovative companies in the world, according to the Clarivate Analytics Top 100 Global Innovators list for 2016.
The report honors the most innovative corporations and institutions in the world as determined by Clarivate Analytics’ analysis of unique and proprietary data. It analyzes patent volume, patent-grant success rates, global reach and invention influence to identify the world's most innovative organizations. Johnson Controls has been honored for the past two years.
"We believe the power of innovation is a fundamental driver of economic well-being, competitive advantage and success, which represents the heart of our business – to accelerate the pace of innovation,” said Jay Nadler, Clarivate Analytics CEO.
Now in its sixth year, the 2016 Top 100 Global Innovators report reveals a prominent shift in strategy among the world's top innovators. Notably, the volume of patents filed has decreased while grant rates have increased. That trend, combined with a significant commitment to R&D spending, showcases an increased commitment to quality over quantity for commercializing new inventions.
Together, the firms on the list generated more than $4 trillion revenue in 2015 and spent more than $227 billion on research and development. On average, the 2016 Top 100 Global Innovators invest 9.1 percent more in R&D than those in the S&P 100, underlining the importance they place on innovation.