R&D in Industry

Research and Development (R&D) in industry involves the systematic process of creating new products, improving existing ones, or developing innovative technologies. It combines scientific research, engineering, and testing to solve problems and meet market needs. R&D helps companies stay competitive by discovering new ideas, enhancing quality, or increasing efficiency. It often requires investment in labs, skilled personnel, and experimentation, with the goal of turning concepts into practical, market-ready solutions that add value to the business.