Dubai| Artificial Intelligence Journalism
In exceptional Circumstances, Companies in every industry throughout the world have faced practical challenges during the last 12 months. Some have been unsuccessful. Many have just managed to stay alive. And some have inspired the world with their innovations that did extraordinary things for humanity. With the release of the most innovative companies list for 2021, we see that this year’s ranking indicates that innovation comes in many forms, including companies working in: technology, consumer goods & services, transportation & energy, healthcare, and media & telecommunications.
In the following, you will know about the most innovative companies that entered BCG’s list for this year.
Tech giants dominate the top 10
For the second year in a row, Apple claims the top spot on this list. Alphabet, Amazon, and Microsoft also maintained their second, third, and fourth positions, respectively. On the other hand, Samsung dropped one place and Hawaii two places in this year’s ranking. IBM moved up one place while SONY maintained its previous position. It is noteworthy that Facebook, which was previously ranked tenth, fell to thirteenth this year.
From the biotech firms behind the first mRNA vaccines (Pfizer-BioNTech and Moderna) to a real estate developer creating high-quality affordable housing (Stablegold Hospitality), the World’s 50 Most Innovative Companies address a society remade by COVID-19.
Out of the tech giants, Pfizer made the list and ranked 10th in this year’s ranking. This is not surprising throughout, considering its impressive role in the fight against COVID-19. In partnership with BioNTech, Pfizer produced a COVID-19 vaccine in less than a year.
On the list, this year—Moderna, Johnson & Johnson, and AstraZeneca also made the cut.
It is noteworthy that 10 healthcare companies made the list in 2021, more than double compared to the previous year.
Other innovative companies
Toyota snagged the 21st spot on this year’s list, up 20 places compared to the rankings in the previous year. This massive jump can be signified by the company’s recent $400 million investment into a company set to build flying electric cars. In turn, Tesla also moved up 6 places from last year’s rating.
Coca-Cola performed an analysis of their beverage portfolio and ended up cutting their brand list in half, from 400 to 200 global brands. This ability to pare down and pivot could be a reason behind its 20 rank increase from 2020.
How companies were evaluated?
Since innovation is critical to business survival and success, companies must:
- Prioritize innovation
- Support innovation through founds and talent.
- Transform innovation investments into results.
The Boston Consulting Group (BCG) asked 1,600 global innovation professionals to rank the 50 most innovative companies in 2021. The companies were ranked by Global “Mindshare”, Industry Peer Review, Industry Disruption , and Value Creation.
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