Experian has been named to Fortune’s America’s Most Innovative Companies list, a ranking of firms at the forefront of innovation today and in the future. This recognition underscores Experian’s innovative and inspiring workplace; leading tech and solutions; and operational excellence in delivering new products that foster equity and inclusion, while driving growth.
Why was Experian added to the list?
The rankings of the most innovative companies are compiled by Fortune and Statista, a market research and data company, and are based on four dimensions of innovation:
- Innovation culture measures the extent to which a company fosters a spirit of entrepreneurship and creativity internally and enables workers to implement new ideas.
- Product innovation evaluates a company’s products and services, covering aspects such as attractiveness and design to usability and uniqueness.
- Process innovation involves an analysis of all processes of a company, from sourcing and production to marketing, sales and support.
- Revenue Growth calculates the Compound Annual Growth Rate (CAGR), based on a three-year period (2018-2021).
Commenting on Experian, Fortune Chief Executive Officer Alan Murray, said, “Our ranking recognizes leading companies that have intentionally designed and nurtured an approach to innovation that touches every part of their business and ultimately produces revenue growth over a sustained period, including weathering the effects of a global pandemic.”
What does the milestone mean for Experian?
“We’re very proud of our purpose-driven culture, where all our people play a vital role in innovating new ways to help other team members, better serve our customers and develop new tech that advance inclusion and financial growth for consumers. This honor represents a validation of the culture of innovation we’ve built, with feedback coming from our employees, customers, and other industry experts,” said Jennifer Schulz, CEO of Experian North America.
This accolade continues Experian’s momentum with recent award wins, including the 2023 BIG Innovation Awards that recognized the company for delivering innovative products, such as Experian Go™, that help consumers thrive financially. Experian also ranked in the Top 10 of the 2022 IDC FinTech Rankings Top 100, which highlights global providers of financial tech, and Experian Boost was picked by Fast Company for its 2022 World Changing Ideas Awards.