R&D

Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Using AI To Support Recombination

  Patented innovations line shelves as shown in the patent library above, and over the years I’ve written a number of times about the increasingly recombinative nature of innovation.  This posits that new innovations are often a combination of existing innovations rather than truly novel ones.  A paper from a few years ago found that roughly 40% of all patents ...

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How IoT is Transforming Unexpected Industries

How IoT is Transforming Unexpected Industries - Innovation Excellence

By the late 1990’s computers became truly transformative, followed by Internet and email as conduits to a continuous flow of information that could be processed, analyzed and turned into action. Today, as digital connectivity transforms physical machines, we’re likely into the early days of a similar productivity boom.

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