Firms bank on AI-led R&D for more innovation, efficiency [India]

Author: Sohini Bagchi | Source: Techcircle | Read the full article

Companies are increasingly investing in research and development (R&D) to foster innovation and stay competitive in their industries. The article highlights how technologies like artificial intelligence (AI) and advanced data analytics are revolutionizing traditional research methods, making them more efficient and scalable. Major tech firms and pharmaceutical companies are leading the charge, using AI to enhance various processes, from drug discovery to data analysis.

Despite India's R&D spending being lower than the global average, the country is making progress in adopting AI technologies across sectors such as healthcare, automotive, and manufacturing. Experts believe that AI can significantly boost R&D efforts, leading to increased revenue and improved outcomes. However, challenges remain, including data quality, the need for skilled professionals, and ethical considerations surrounding AI use.

To successfully integrate AI into R&D, companies must invest in technology, talent, and infrastructure while addressing privacy and security concerns. The article emphasizes that as AI continues to evolve, it will play a crucial role in accelerating innovation and solving complex challenges across various industries.

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