Verisk Analytics, Inc. or Rockwell Automation, Inc.: Who Invests More in Innovation?

Innovation Investment: A Comparative Analysis

In the ever-evolving landscape of technology and automation, companies are increasingly investing in research and development (R&D) to stay ahead. Rockwell Automation, Inc. and Verisk Analytics, Inc. are two such companies, each with a distinct approach to innovation. From 2014 to 2023, Rockwell Automation consistently outpaced Verisk Analytics in R&D spending, with an average annual investment nearly seven times higher. In 2023, Rockwell's R&D expenses peaked at approximately $529 million, while Verisk's reached around $207 million, marking a significant increase for Verisk compared to previous years. This trend highlights Rockwell's commitment to maintaining its leadership in automation technology, while Verisk's recent surge suggests a strategic pivot towards innovation. As we look to the future, these investments will likely shape the competitive dynamics in their respective industries, with Rockwell continuing to lead in automation and Verisk potentially expanding its analytical capabilities.