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Research and development – benefits & risks

Research and development is a highly-effective and valuable set of techniques, which is used for multiple purposes. Including R&D practices into the business strategic planning allows agencies to better understand customer needs and market trends. It is the initial stage of developing innovative software solutions, but also r&d helps to improve the existing products, business plans and processes. As a result, research & development can help companies to stay ahead of the competition in a highly dynamic environment. Greater profits, enhanced productivity and better software sustainability are other important benefits of adopting r&d strategy.


Meanwhile, R&D is also one of the most risky financial areas for businesses. Research and development is not limited to a single department and can last from one month to several years depending on a company size, customer base and multiple other aspects. One thing is certain: experimenting with ideas and technologies demands high level of expertise and responsibility.  So, to take advantage of such a strong tool as research & development is, agencies need to hire the best tech experts.

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