Global organizations see an increased value from outsourcing R&D functions and believe that it provides an opportunity to improve time to market, finds a survey.
The study conducted jointly by Wipro Ltd. and Outsourcing Center on trends in outsourced R&D is based on response from CTO’s from global companies, who are subscribers of Outsourcing Center portal.
The study revealed that the greater value that companies see in R&D outsourcing is the opportunity it provides to tap into worldwide skills and capabilities to improve existing products and services and accelerate new R&D. The study also revealed that selecting an R&D partner with a deep knowledge of emerging markets and new geographies will enhance the value that companies can achieve through their outsourcing strategy.
"This study indicates a strategic change that is taking place in the way companies are looking at their R&D and new product development strategies. There is an increased trend of companies partnering with various outsourcing providers to achieve faster time to market and more cost-effective innovation. There is clearly an increase in companies adopting a collaborative model of product development to be able to stay competitive in a global marketplace," said Debra Floyd, COO, Outsourcing Center.
The research polled close to 100 subscribers at the Outsourcing Center portal during March 2006.
print
save
email
comment
Copyright @ 2004 Software & Support Media
Powered By Media Teknologi Informasi Corp.
Privacy PolicyTerms of Use
