R&D is a backbone of any organization. It is a valuable tool for growing and improving business. R&D involves researching the market and customer needs and developing new and improved products and services to fit these needs. The process of R&D starts with the customer feedback and ends with the new or improved product performance. It especially lies in the creativity of Engineers to innovate new technologies/products/processes etc. for example, TATA R&D provides engineering solutions to help their customers conceptualize, design, and develop better products for a sustainable future. R&D is a costing method from which we have to invest more money initially but the output would take more time.
Research and development (R&D) is when businesses gather knowledge to create new products or discover new ways to improve their existing products and services. Larger companies may have their own research and development team that will test and refine products or processes before commercial use.
