This Economist Intelligence Unit survey envisages that grappling with cost and complexity of doing R&D (for the sake of innovation or duty, that is) a large number of companies are considering getting done the work from outsourced off shore vendors. The research report finding predicts that from 65%, the pro-R&D-outsourcing companies will grow up to 84% in next three years. It seems like people also to some extent (or good extent) get rid of their thinking cap. Outsourcing of innovation process to external companies is also expected to increase in the next three years.
Sean Dorgan, CEO of IDA Ireland said,
The trend towards companies building global innovation networks is something that we in Ireland have recognised as an important development. As companies collaborate more closely with external and international partners, including universities and research centres, there is much to be gained for countries around the world that can offer strong innovation skills and capabilities to leading global organisations.
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