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Optimizing R&D Resources: Strategies for CTOs and Innovation Leaders

ITONICS

Between 2007 and 2022, corporate R&D spending grew with a CAGR of 5.2%, underscoring the importance of R&D in driving future growth and market differentiation ( Global Innovation Tracker, 2023 ). In the past decades, research and development (R&D) expenses have surged across various industries.

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The Internet of Things Is Changing How We Manage Customer Relationships

Harvard Business Review

It gave companies some overall measure of revenue compared with marketing spend — something described in this 2007 article in The New York Times. But now that Big Data and the Internet of Things have come along, we can go beyond the transaction to every little detail of the customer’s actual experience.

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How the Meaning of Digital Transformation Has Evolved

Harvard Business Review

Think back to 2007. Today, executives are directing their energy toward artificial intelligence, machine learning, and the Internet of Things. In 2007, companies lacked a mobile strategy, let alone a mobile presence for engaging with their customers or for helping employees collaborate. A young U.S.

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50 what-if questions to reimagine the future

Board of Innovation

If you bought Radiohead’s 2007 album In Rainbows or a digital package at Humble Bundle , you’ve participated in the ‘pay what you want’ sales model. What if all devices in your office were connected to the Internet? New ‘Internet of Things‘ products could make your office smarter.

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50 what-if questions to reimagine the future

Board of Innovation

If you bought Radiohead’s 2007 album In Rainbows or a digital package at Humble Bundle , you’ve participated in the ‘pay what you want’ sales model. What if all devices in your office were connected to the Internet? New ‘Internet of Things‘ products could make your office smarter.

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Excess Management Is Costing the U.S. $3 Trillion Per Year

Harvard Business Review

annually, essentially doubling the post-2007 productivity growth rate. .” Three trillion dollars represents 17% of U.S. If this burden was reduced by half over the next 10 years, productivity growth would increase by a compounded rate of 1.3% The productivity bonanza would be even larger outside the U.S. trillion, of which the non-U.S.

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The U.S. Can’t Count on Technology to Revive the Job Market

Harvard Business Review

Job recovery after the 2007 recession is happening, but slowly, and wage growth is still anemic. The declines in manufacturing jobs during the downturns of 2001 and 2007, which totaled over 5.8 Apart from the effects of the recession, there are concerns about the future of employment in the United States. manufacturing output.