Why invest in R&D?
R&D is vital to businesses because it provides strong information and insight, leading to improvements in existing processes where efficiency can be increased, and costs can be reduced. It also allows businesses to develop new products and services to help them survive and thrive in competitive markets.
A business that can innovate, adopt new technologies, and improve existing processes is much more likely to succeed in the long term. A company that invests in R&D will undoubtedly evolve and achieve more, benefiting people in the real world.