Post by account_disabled on Jan 13, 2024 5:54:54 GMT
Theodore Kinney November Reading Time: Minutes Topics Security & Privacy Tech Savvy is a weekly column focusing on new developments at the intersection of management and technology. For more weekly roundups of managers, check out our Best of the Week series. More from this series Subscribe Share What to read next Five key trends in artificial intelligence and data science in 2020 Thomas Davenport and Randy Bean How developers can reduce AI’s impact on climate Eight essential leadership skills to improve in 2020 Five tips for one-on-one meetings to guide R&D investments: Always insightful, Strategy&'s annual Global Innovation Power study looks at the top public.
Companies spending the most on R&D (which together account for total global R&D spending). The most depressing finding: found no statistically significant relationship between the financial performance of innovative companies and their R&D spending. Assuming that fact doesn't lead you Email Lists Database to throw up your hands and use your company's R&D budget for a massive beer binge, research published this year in the journal Strategic Business offers another insight well worth considering: the shift in R&D spending is happening. R&D is increasingly turning to developing software and services.
Software increasingly bears the burden of enabling product differentiation and adaptability and enhancing customer experiences and outcomes. Services offered alongside physical products or separately are now more focused on new customer needs, offering higher value and greater availability. The authors explain that this shift is driven by increasing software capabilities, the embedding of software and sensors in products, the ability to connect products through the Internet of Things and the cloud, and continued customer demand. It is embodied in various smart products and services. Since 2006, R&D expenditures on software products by the world's most innovative companies.
Companies spending the most on R&D (which together account for total global R&D spending). The most depressing finding: found no statistically significant relationship between the financial performance of innovative companies and their R&D spending. Assuming that fact doesn't lead you Email Lists Database to throw up your hands and use your company's R&D budget for a massive beer binge, research published this year in the journal Strategic Business offers another insight well worth considering: the shift in R&D spending is happening. R&D is increasingly turning to developing software and services.
Software increasingly bears the burden of enabling product differentiation and adaptability and enhancing customer experiences and outcomes. Services offered alongside physical products or separately are now more focused on new customer needs, offering higher value and greater availability. The authors explain that this shift is driven by increasing software capabilities, the embedding of software and sensors in products, the ability to connect products through the Internet of Things and the cloud, and continued customer demand. It is embodied in various smart products and services. Since 2006, R&D expenditures on software products by the world's most innovative companies.