R&D

Research and Development (R&D) refers to a systematic process where organizations invest time and resources to create new products or improve existing ones. It involves scientific research to gain insights and innovative practices to bring ideas to life. R&D is crucial for technological advancement and helps businesses stay competitive by fostering innovation. Companies often collaborate with researchers and universities to explore new ideas, test prototypes, and bring them to market. Ultimately, R&D drives progress across various fields, including healthcare, technology, and engineering, contributing to economic growth and societal benefits.