What are the business areas that require a lot of R&D?

One of the biggest desires of any entrepreneur is to find a profitable project idea in a profitable business area. Of course, miraculous recipe is hard to come by, but with little vision we realize that there are interesting areas, even if they require a lot of R&D (research and development). These areas offer great potential for long-term success. Therefore it will be necessary to develop an inexhaustible perseverance to see the day of some research but it is so necessary for health. Here’s something.

area of ​​connected objects

Connected objects are designed to allow users to connect to Internet networks anywhere and in unimaginable circumstances. Some are already available in the health, sports, wellness, appliance and automotive sectors. The most famous are “smartwatches” (linked watches in French) and “Google Glass”. In a study by the International Mobile Operators Association (GSMA). Globally, there were 12.3 billion connected objects at the end of 2021, according to the US market research firm IoT Analytics.

allied consumption area

If you agree with those who believe “use Trump’s possession”, you can tap into the realm of collaborative consumption. It is about bartering of services and products, which is the oldest model of sharing and exchange in the world. Today, almost all sectors are related to barter, as it is considered more economical and more humane. Old websites are being modernized to exchange goods (clothing, home appliances, vehicles, motorcycles, etc.) to meet the expectations of Internet users. We are also seeing the appearance of rental platforms between individuals, crowdfunding platforms and systems based on the sharing economy that encourage the lending of goods between individuals (vehicles, equipment, etc.). As far as these exchanges of services or products are based on a technology platform, investment planning in R&D remains important.

field of big data

It is the domain of computer data collected daily across companies, cities, regions and countries. This data pertains to websites, social networks, online transactions, GPS signals from smartphones, health information, etc. Faced with the high volume of this data, traditional information management or database management tools are unable to process it. The realm of Big Data is undoubtedly an essential choice for creating tools capable of processing high amounts of computer data (text, video, images, etc.) in record time. However, this requires significant research and development work.

pharmaceutical industry

The pharmaceutical industry has undergone profound changes since the 2000s. The industry devotes about 12% of its business to R&D. In both emerging and developed countries, medical needs are not yet included in the fight against some diseases: diabetes, high blood pressure, cancer, AIDS, Alzheimer’s, which makes room for new businesses to establish themselves in this niche. drop offs. Hence by investing in this sector, you can guarantee yourself a significant profit margin. COVID has taught us how essential research is in this area and made us realize how long it takes to bring a reliable product to market!

field of biotechnology

Biotechnology is the technology of transforming living and non-living organisms into other goods and services. Biotechnology is applied in many ways: genetic engineering, microbiological engineering, protein engineering, etc. Each application requires significant resources in the area of ​​R&D.

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