Empowering R&D Department through Artificial Intelligence
On an average, a company invests around 39% of its total expenditure on Research & Development. The investment in the R&D Departments are necessary to keep the company abreast with the changing technologies. The success of R&D lies in alignment of research along with final product development.
Shorter development times and more cost-efficient product development.
Research and development programmes for new products or applications can take years and require high capital investments. Returns are far from guaranteed, and this uncertainty of ROI can add constraints to your innovation.
Artificial intelligence and machine learning are based on learning capabilities of machines, in line with human cognitive abilities to learn. AI and ML can do their learning at unprecedented scale and speed. New technologies are able to reduce development times and related costs significantly, stimulating innovation.
AI doesn’t stop with R&D. Subsequent development stages also benefit from artificial intelligence for further product optimisation. New product releases can be set up based on collected data, allowing for thorough analysis. Your AI might discover underused product features, allowing for a simplified product design, or aggregate data might point out completely new product applications. AI will uncover previously hidden insight.