Since the field of Information Technology is ever evolving, it is very important for us to efficiently work on the momentous field of research and development to not only get in pace with the fast growing world but also to be a step ahead of it. Here, at Softpro our team of engineers is continuously into R&D so that there is no stone left unturned for increasing the dynamic ability of the company.
Research and Development – R&D is the process by which a company works to obtain new knowledge that it might use to create new technology, products, services, or systems that it will either use or sell.
Research is usually basic or applied. Basic research helps the company acquire new knowledge, but doesn’t have any specific application or use in mind. Think of it as research for the sake of research.
While applied research is also done to acquire knowledge, it’s done with a specific goal, use, or product in mind.
R&D often takes place in an internal department in a company, but it can also be outsourced to a specialist or a university. Large multinational companies might do all three, and some of the outsourced work might be done in another country so that the company leverages both the talent and local market knowledge there.
Outsourced R&D is especially appealing to the small business owner who has a new product concept but lacks the design or engineering staff needed to create and test options. Companies which offer software as a service are an example on the smallest scale, as they sometimes outsource the R&D and resulting software development.