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Manufacturing

Australian & Chinese Companies Partner for Renewable Energy

December 5th, 2016

CSIRO Partners with Thermal Focus Chinese company Thermal Focus has sought out one of Australia’s leading solar heliostat technology names, CSIRO, to partner for the purpose of increasing the use of renewable energy within the country. This followed China’s announcement to achieve production of 1.4 GW of CTS by 2018 and 5GW by 2020. These targets would double the worldwide number of installed CST plants. The established partnership will enable Thermal Focus to, “manufacture, market, sell and install CSIRO’s patented […]

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R&D Spending Trends Among the Global Innovation 1000

November 28th, 2016

R&D Spending Allocation Trends Strategy&Business conducted a Global Innovation 1000 study of the top public companies spending the most on R&D to strengthen their brand from 2010 to 2015. The study found that while overall R&D spending is increasing, the areas of research and development allocation are shifting towards increased software offerings. Why Shift Towards Software? As software capabilities are rapidly developing there are increasing opportunities to develop product offerings to include additional features catering to demands for advanced services […]

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Is R&D A Valuable Measurement of Innovation?

November 24th, 2016

                The Relationship Between R&D and Innovation It is well known that when performed effectively research and development (R&D) can increase the value of a company. However, Forbes writes that this is commonly misconstrued as it has been claimed that research and development spending directly translates to a measure of innovation. While R&D and innovation do correlate, they are not a perfect formula. Tendayi said, “having a great R&D process and achieving market […]

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Worldwide Innovation Leaders Come Together Over AI

November 14th, 2016

            Tech leaders Google, Facebook, Microsoft, Amazon and IBM have joined forces to form the Partnership on Artificial Intelligence to Benefit People and Society (Partnership on AI) announced in September. Just as the name suggests the organization will carry out research and development on artificial intelligence with the fundamental purpose of identifying potential AI challenges for people and society. The partnership hopes that their discoveries will effectively self-regulate the industry independent of government intervention. Why […]

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