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Optimizing R&D Resources: Strategies for CTOs and Innovation Leaders

ITONICS

Between 2007 and 2022, corporate R&D spending grew with a CAGR of 5.2%, underscoring the importance of R&D in driving future growth and market differentiation ( Global Innovation Tracker, 2023 ). In the past decades, research and development (R&D) expenses have surged across various industries.

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How Technology is Shaping Marketing in the Next Decade

Innovation Excellence

Nobody even heard of mobile marketing, content marketing or big data. If you took a reasonably competent marketer from 2007 and transported her to today, much of what she knew about her job would be irrelevant. Ten years ago, social media was in its infancy. The iPhone hadn’t even been launched yet. We’re at a.

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Eleven Reasons for the UK’s Poor Productivity

Destination Innovation

According to the Office for National Statistics (ONS) UK productivity has fallen to levels it held in 2007. We have critical skill shortages in engineering, software, data analysis and IT. This is the key reason why wages, growth and competitive performance are all held back. Low skills. Resistance to change.

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How Should Your Business Find the Next Big Thing?

IdeaScale

Netflix’s streaming video model seems blindingly obvious now, but stop and consider the state of television in 2007. Consider the computer processor; as computing power has improved, incrementally, it’s had an enormous impact on our lives in ways we don’t often appreciate, from safer cars to big data.

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Avoid the Iridium Moment

Destination Innovation

Another example given by Ismail is Nokia’s purchase of Navteq for a staggering $8B in 2007. Nokia believed that the data from Navteq’s traffic sensors would allow it to lead in mobile mapping and traffic information. They crowdsourced location data from the GPS sensors on people’s mobile phones in order to capture traffic information.

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Congressional testimony on higher ed: Allow for innovation, incentivize student outcomes

Christensen Institute

The result of all this is, simply put, that there are far too few incentives in place for institutions to focus on student outcomes in terms of financial returns, employment, and learning.

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COVID-19: Business R&D Spending Will Fall by at Least 5-6%

Commodore Innovation

Great Recession (late-2007 to mid-2009): R&D spending didn’t decline until 2009 (by 5.2%), but the decline continued into 2010 (0.4%). Gather benchmarking data. If you’re not measuring what you need to, now is the time to quickly assemble that data. For example: Early 2000s recession: R&D spending fell by 0.9%

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