R&D Spending Showdown: Deere & Company vs Verisk Analytics, Inc.

R&D Spending: A Tale of Two Giants

In the world of innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Over the past decade, Deere & Company and Verisk Analytics, Inc. have showcased contrasting approaches to R&D investment. Deere & Company, a leader in agricultural machinery, has consistently increased its R&D spending, peaking at an impressive 2.29 billion in 2024. This represents a growth of nearly 58% since 2014. In contrast, Verisk Analytics, a data analytics powerhouse, saw a significant spike in 2023, with R&D expenses reaching 207 million, a tenfold increase from 2014. However, data for 2024 is missing, leaving room for speculation. This divergence highlights the strategic priorities of each company: Deere's steady innovation in machinery versus Verisk's recent surge in data-driven solutions. As these giants continue to evolve, their R&D investments will be crucial in shaping their future trajectories.