SCIENCE & TECHNOLOGY
INFOGRAPHIC: Asia’s billion-dollar R&D club is growing: Percentage of share of companies globally that spent US$1bn or more on R&D (view full picture).
Broadly speaking, virtually all manufacturers have R&D divisions or centres devoted to the development of technologies meant to give them a competitive edge. As the US National Institute of Standards and Technology notes, companies can focus their efforts in several directions: they might overhaul manufacturing processes to produce substantial productivity or quality gains; improve production equipment for gains in speed, accuracy or environmental efficiency; create technologies that empower the development of new products or processes (such as prototyping or supply chain integration); or pursue advances that improve workforce conditions. Full Article via The Economist Intelligence Unit.