Verisk Analytics, Inc. or Allegion plc: Who Invests More in Innovation?

Innovation Investment: A Tale of Two Companies

In the competitive landscape of corporate innovation, Verisk Analytics, Inc. and Allegion plc stand out as key players. Over the past decade, these companies have demonstrated varying levels of commitment to research and development (R&D). From 2014 to 2023, Allegion plc consistently increased its R&D spending, peaking in 2023 with a remarkable 72% increase from its 2014 levels. Meanwhile, Verisk Analytics, Inc. showed a more fluctuating pattern, culminating in a significant surge in 2023, where its R&D expenses more than quadrupled compared to 2015. This dramatic rise underscores Verisk's strategic pivot towards innovation. The data reveals that while Allegion maintained steady growth, Verisk's recent leap positions it as a formidable contender in the innovation race. As these companies continue to evolve, their investment in R&D will likely play a pivotal role in shaping their future trajectories.