By James Euchner, RTM Editor-in-Chief and VP, Global Innovation, Goodyear
“You can never be too rich or too thin.” —Wallis Simpson
Investment in R&D is critical for the long-term viability of industrial companies. But how much R&D is enough? It’s a question most CTOs face as they prepare budgets for another fiscal year. And there is no one good answer for it. Studies can be found to support any budget recommendation the CTO might choose to make.
By Greg Holden, IRI Business Writer
Over the past two days, people the world over brainstormed about the future of research and innovation on a game called Innovate2038. Developed by IRI and hosted on the Institute for the Future’s (IFTF) foresight game engine, the event flew out of the gates at 12:00 pm EST and didn’t let up for the full 36 hours of gameplay. Participants could play “cards”—short, 140-character ideas—in response to two questions: “How can new research and innovation practices lead the way in 2038?” and, “What obstacles and roadblocks will hold research and innovation back?” From there, participants could respond to each idea or play their own.