| __timestamp | Guidewire Software, Inc. | International Business Machines Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 76178000 | 5437000000 |
| Thursday, January 1, 2015 | 93440000 | 5247000000 |
| Friday, January 1, 2016 | 112496000 | 5726000000 |
| Sunday, January 1, 2017 | 130323000 | 5590000000 |
| Monday, January 1, 2018 | 171657000 | 5379000000 |
| Tuesday, January 1, 2019 | 188541000 | 5910000000 |
| Wednesday, January 1, 2020 | 200575000 | 6262000000 |
| Friday, January 1, 2021 | 219494000 | 6488000000 |
| Saturday, January 1, 2022 | 249665000 | 6567000000 |
| Sunday, January 1, 2023 | 249746000 | 6775000000 |
| Monday, January 1, 2024 | 269381000 | 0 |
Unlocking the unknown
In the ever-evolving tech landscape, innovation is the lifeblood of success. This chart offers a fascinating glimpse into the research and development (R&D) spending trends of two industry giants: International Business Machines Corporation (IBM) and Guidewire Software, Inc., from 2014 to 2023.
IBM, a stalwart in the tech world, consistently allocated a significant portion of its resources to R&D, peaking at approximately $6.8 billion in 2023. This represents a steady increase of around 25% from 2014. In contrast, Guidewire, a rising star in the software industry, demonstrated a remarkable growth trajectory, with R&D expenses surging by over 250% during the same period.
While IBM's spending dwarfs Guidewire's in absolute terms, the latter's rapid growth underscores its commitment to innovation. This comparison highlights the diverse strategies companies employ to stay competitive in a dynamic market.
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