Research and development (R&D, R+D, or Rn'D) is activities in connection with corporate or government innovation. Research and development constitutes the first stage of development of a potential new service or product. It is responsible for developing the next generation of products or services. R&D activities differ from institution to institution, with two primary models of an R&D department either staffed by engineers and tasked with directly developing new products, or staffed with industrial scientists and tasked with applied research in scientific or technological fields, which may facilitate future product development. R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment. However R&D is crucial for acquiring larger shares of the market through the marketization of new products.
Software developers in Ukraine – top reasons to choose
Ukraine is the best destination for you to employ any ideas in Web and Mobile software in 2021. The country has proved to be a top trusted spot to hire Ukraine developers. Thanks to its abundance of highly-skilled Ukraine software engineers, the country has become a leading software provider in Eastern Europe. Ukraine software development...
- 9-10 min read
- September 01, 2021
- by Alexandra Rostovtseva