Date:09/08/2006 URL: http://www.thehindubusinessline.com/2006/08/09/stories/2006080904200400.htm

Back `Outsourcing R&D enhances value'

Our Bureau

Bangalore, Aug. 8

A joint survey by Wipro Technologies and Outsourcing Centre portal about trends in outsourced R&D has revealed that global firms see an increased value from outsourcing R&D functions and believe that it provides an opportunity to improve time to market. The survey, which was conducted among some 100 CTOs of global companies who are subscribers of Outsourcing Centre portal, sought to understand key drivers to outsource R&D and how this aligned with their overall R&D strategy.

The study revealed that the greater value that companies saw in R&D outsourcing was the opportunity it provided to tap into worldwide skills and capabilities to improve existing products and services and accelerate new R&D. The study also revealed that selecting an R&D partner with a good knowledge of emerging markets and new geographies would enhance the value that companies could achieve through outsourcing strategy.