| __timestamp | International Business Machines Corporation | Intuit Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 5437000000 | 758000000 |
| Thursday, January 1, 2015 | 5247000000 | 798000000 |
| Friday, January 1, 2016 | 5726000000 | 881000000 |
| Sunday, January 1, 2017 | 5590000000 | 998000000 |
| Monday, January 1, 2018 | 5379000000 | 1186000000 |
| Tuesday, January 1, 2019 | 5910000000 | 1233000000 |
| Wednesday, January 1, 2020 | 6262000000 | 1392000000 |
| Friday, January 1, 2021 | 6488000000 | 1678000000 |
| Saturday, January 1, 2022 | 6567000000 | 2347000000 |
| Sunday, January 1, 2023 | 6775000000 | 2539000000 |
| Monday, January 1, 2024 | 0 | 2754000000 |
Infusing magic into the data realm
In the ever-evolving landscape of technology, research and development (R&D) are pivotal for innovation and growth. This analysis delves into the R&D spending trends of two industry titans: International Business Machines Corporation (IBM) and Intuit Inc., from 2014 to 2023.
IBM, a stalwart in the tech industry, consistently allocated substantial resources to R&D, peaking at approximately $6.8 billion in 2023. This represents a steady increase of about 25% from 2014. In contrast, Intuit, known for its financial software, demonstrated a remarkable growth trajectory, with R&D expenses surging by over 230% during the same period, reaching around $2.5 billion in 2023.
While IBM's R&D investment underscores its commitment to maintaining technological leadership, Intuit's aggressive increase highlights its strategic focus on innovation to capture market share. Notably, data for 2024 is incomplete, reflecting potential shifts in future strategies.
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