Research and Development

Research and Development (R&D) refers to the systematic process of innovating, creating, and improving products, technologies, or services through fundamental and applied research. It involves two primary phases: research, which focuses on the discovery of new knowledge or the application of existing knowledge in novel ways, and development, which involves the practical application of that knowledge to create new or improved outputs. R&D is crucial for fostering innovation, enhancing competitiveness, and driving economic growth in various industries. Organizations, including corporations, government agencies, and academic institutions, engage in R&D to explore new possibilities, solve complex problems, and stay ahead in the market by introducing advanced products and technologies.