Top 5 Most Innovative Companies

Before saying that whether the company is Innovative or not we must understood that, What an Innovative company is?

To be called as an innovation an Idea must be imitable at an economical cost and must satisfy specific needs and demands of the customers. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources. It includes all the ideas by the help of which a company can convert its product from better to best.

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In businesses, companies wants to be innovative in order to satisfy the further needs,demands and expectations of the customers. Innovation is a successful introduction of something new and admirable. So you can rate how innovative a company is by the help of the successful introduction of their new products and services in the market. An innovation plays  an  important role in the success of the  company.

Here is the list of some innovative companies around the Globe.

1. Meituan Dianping

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Meituan Dianping is a Chinese company based in Beijing, few people know about the company outside of China. Using apps such as Meituan, people in China can do order take-out, book beds at a hotel or hostel, and find places to get a haircut or go sightseeing. Its audience is 280 million users per year.

2.  Service Now

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ServiceNow is a cloud company and major player in ITSM. ServiceNow also caters for IT Operation Management, IT Business Management. It has robust cloud platform on top of which, any application can be built swiftly.  ServiceNow serves more than 4,000 customers today, including more than 40% of the world’s 2,000 largest publicly traded companies. More than 500 of these customers do at least $1 million in business annually with ServiceNow.

3. Stitch Fix

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Stitch Fix is the first fashion retailer to blend expert styling, proprietary technology, and unique product to deliver a personalized shopping experience.It uses to AI find among thousands of offers on clothes sites that will look perfect on you.Stitch Fix was founded by a graduate of Harvard Business School. Katrina Lake has built a company with a capitalization of $ 2 billion and 5,800 employees for 7 years.

4. Urban Clap

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An online marketplace that helps connect service providers with the service seekers, UrbanClap is marked as one of the fastest growing startups nationwide. Urban Clap received 3.3 million service orders in FY19. UrbanClap in FY19 stood at Rs 400 crore, three times increase from Rs 130 crore in FY18.

5. Tesla

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Tesla is company owned & run by Elon Musk. Main goal of Tesla is to revolutionize the market of Electric Cars. In Norway currently 37 percent of the market share is owned by Tesla. Globally, Tesla’s vehicle deliveries reached between 367,000 and 368,000 units in 2019, making Tesla the leading producer of electric vehicles. Tesla’s market cap hit $100 billion on Wednesday, speeding past Volkswagen, which currently sits at $88 billion.

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