R&D Spending: A Tale of Two Innovators

In the ever-evolving tech landscape, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, ServiceNow, Inc. and Fortive Corporation have demonstrated contrasting approaches to R&D investment.

ServiceNow, Inc.: A Steady Climb

Since 2014, ServiceNow has consistently increased its R&D expenses, reflecting a robust growth strategy. By 2023, their R&D spending surged by over 1,300% compared to 2014, reaching a peak of $2.1 billion. This upward trend underscores ServiceNow's dedication to enhancing its cloud-based solutions.

Fortive Corporation: A Balanced Approach

Conversely, Fortive's R&D spending has remained relatively stable, with minor fluctuations. Their investment peaked in 2019, but by 2023, it had slightly decreased to $398 million. This steady approach suggests a focus on maintaining existing product lines while cautiously exploring new opportunities.

The data reveals a fascinating narrative of how two industry leaders allocate resources to fuel innovation.