Research and Development

Research and Development (R&D) refers to the processes organizations use to innovate and create new products or improve existing ones. Research focuses on discovering new knowledge, exploring ideas, and understanding how things work. Development involves turning that knowledge into practical applications, producing prototypes, or refining processes. R&D is essential for companies to stay competitive, enhance efficiency, and meet consumer needs. It often includes collaboration with scientists, engineers, and designers, and can lead to advancements in technology, medicine, and various fields, contributing to economic growth and societal progress.