The Handelsblatt, a leading German financial news publication, published an article in their recent issue, ranking the Global Top 100 Digital Innovation Leaders. The article focuses on the patent portfolios of these companies from a qualitative perspective, making this a reliable ranking of the underlying technologies that these innovation leaders currently possess.
In cooperation with EconSight, a Swiss based Consulting and Economic Research company, Handelsblatt arrived at this ranking using our patent data, award winning business intelligence software, PatentSight and the scientifically proven & patented portfolio valuation metric, the Patent Asset Index™.
EconSight took this exercise further and extended the ranking to include the Top 1000 companies and their technologies too. Since they used our scientifically proven and globally trusted technology valuation metric, these rankings are completely unbiased.
Read the short version of how the ranking was created, below. The full version, in English, is being prepared and will be released to our website soon. So watch this space!
Digitization is affecting all the technologies at an alarming rate.
We live in an almost digital world. Disruptive innovation in many areas is unimaginable without digital processes. It influences almost every daily-use products and the processes of almost all the companies. One major aspect of digitization is that it unfolds increased efficiency in interaction with other technologies. Thus, digitization permeates classic technologies and leads to innovation. The ranking shows who in the race is leading the digital penetration of future technologies, and who is decisively influencing the global innovation landscape, today. This ranking has been developed based on the analysis of patent data.
The focus of this analysis is on 'applied digitization'. We show which companies are particularly good at applying digital methods to established technologies. For this, we consider all future oriented topics such as medical technology, renewable energies, industry 4.0 and autonomous mobility.
The digital penetration of established technologies comes mainly from two directions. On the one hand, traditional industrial companies are expanding their digital expertise to improve their products and processes. Whereas on the other hand, IT companies are looking for concrete industrial applications for their digital know-how. The best example to demonstrate this effect is the technology of autonomous mobility, as can be witnessed from the competition in this segment where classic car manufacturers are struggling to succeed against new market entrants such as Alphabet and Intel, for the mobility of the future.
This innovation ranking was conceived by the Swiss consulting company EconSight, based on the patent data provided by PatentSight, using the PatentSight Business Intelligence analytics platform.
The analysis approach is based on three key findings:
Networking: Everything new does not come from radically new technologies, rather from an intelligent combination of existing and new technologies.
Digitization - the technology of the hour: Digitization is not an end in itself, but works only in conjunction with other technologies. Accordingly, great leaps are expected at the interface between digital and classic technologies.
Dynamics: The speed of technological change and thus the disruptive potential of these technologies must be taken into account.
EconSight first identified and applied all the patents of the last 10 years that protected concepts that combined digitization and classic technologies. Subsequently, the patents were evaluated on the basis of their technological relevance (Technology Relevance™). This PatentSight indicator measures the importance of a patent based on the citations received by it from other patents (comparable to the citation system of scientific publications). To take into account the disruptive potential of these technologies, only citations received from patents of the past two years have been considered. Patents of one company that get increasingly cited by other companies in the recent past is usually a sign of high disruptive quality. In addition, the change in innovativeness was also taken into account. Companies not only have to maintain their innovative strength, but also continuously expand on it, in order to take a leading position in the ranking.
Overall, the ranking shows all the companies that are active and performing well at combining digitization and classic technologies. All the companies in the ranking are developing more and more relevant (cited) patents in this important area of the future. Some, however, have a much stronger dynamic and therefore jump many places over this short period of time. While there are others that did not perform well.
With this understanding of how we reached our final rankings, we invite you to find out your rank as an innovator among the Global 10000 innovators. We may also be able to help you find out in which technologies you have not been performing well and where your strength lies in. Click on the button below to request your rank and
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Just fill out the adjacent form and let's discuss more about how your digitization efforts stack-up against the world's innovation leader's.
Due to privacy concerns we are unable to make the ranking publicly available.
If you are interested to know exactly how EconSight created such a rank list, please click on the button below to contact us. We will gladly demonstrate our process and analytics to you via webex or telephone call or any other medium according to your convenience.