Recent studies have surfaced a direct correlation between arming researchers with research and development (R&D) information tools and the ultimate success of their organizations. Moreover, these studies have shown that access to primary research contributes to productivity throughout all stages of the research process. After all, without access to online R&D information tools, researchers are forced to recreate the experiments or activities of scientists and engineers who have gone before them. And this reality has serious ramifications for companies.
According to a 2010 independent study conducted by Martin Akel & Associates, companies see an average increase of 15% in R&D costs when their researchers lack access to paid information tools. Moreover, 99% of researchers surveyed believe these tools impact research results, helping generate discovery insights and benchmark best practices, while boosting productivity. In fact, 97% of these study participants attribute a range of manufacturing results to the use of these tools, including better manufacturing yield/output, and a faster production process.
Perhaps most significantly, 72% of these researchers agree that R&D information tools help them achieve their organizations’ business outcomes and priorities. Namely, with these tools, researchers are able to reduce costs and accelerate business processes, and improve innovation and customer satisfaction. And they’re better prepared to bring new or improved products or processes to market or extend the patent life of existing product lines.
Download this free report (PPT) to learn more about how paid information tools impact business outcomes.
Visit the Elsevier for Industry site to learn more about the products, support and training available to corporate librarians and their user communities and to access additional research studies on the correlation between providing researchers with R&D information tools and the ultimate success of their organizations' R&D activities.