What is behind the concept of “R&D engineering”?
In a few words, it is a standing struggle to improve or better develop existing services, technologies, systems, or products, which the company plans to apply or sell, frequently performed by specialized teams of highly qualified and greatly skilled engineers or even scientists depending on the sphere of effort.
Such research and development include companies' activities to innovate existing or upgrade new products and services. As a rule, these activities are the first stage in the development process, whose essential task is successfully introducing brand-new services or products to the market, thereby increasing the enterprise’s profit.
That is, R&D offices help organizations stay ahead of their competitors and, at the same time, significantly broaden revenues.
The practice of R&D experts is usually carried out without expecting immediate profit. On the contrary, it is assumed that it will contribute to the growth of the company's long-term benefit. These activities often result in the registration of trademarks or copyrights, or patents as new products are being created.
The functioning of such a center requires the investment of large capital and implies a possible risk due to the fact that there is no instant income. For this reason, many firms choose to outsource their research and development objectives. This solution allows them to reduce hazards and save money.