"The proliferation of R&D" How much do companies worldwide spend on R&D?
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.
“The rise of 3D printers in particular promises to significantly reduce the cost and time associated with prototyping, traditionally one of the most fraught and expensive stages of the product R&D process.”
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