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R+D+I in Spain. The road to business progress and social innovation.
What is R&D&I? First of all, it is a key function that makes it possible to increase the quality of life of a country. Promoting it is a priority for many governments worldwide, including Spain’s, as it is a comparative strategy for nations that want to be at the forefront of knowledge.
Companies that are committed to investing in R&D&I activities in Spain are extremely valuable. In this article we will explain why and we will also reveal whether your company is part of them without even knowing it.
The meaning of R+D+I
At first glance it may seem like some kind of complicated code, but this combination of letters joined by a + symbol is simply the acronym for Research, Development and Innovation. To understand what they stand for, we will analyze the first two acronyms separately:
R+D (research and development)
According to the Frascati Manual prepared by the OECD (Organisation for Economic Co-operation and Development), they comprise the creative and systematic work carried out with the objective of increasing the volume of knowledge in order to conceive new applications from the available knowledge.
In other words, R&D refers to those activities carried out by different entities in order to develop goods and services, or to improve them.
Activities included in R+D
Basic research
Basic research is everything that includes experiments and theoretical work carried out to obtain or deepen new knowledge but without the intention of giving it any direct application. For example, when a pharmaceutical company studies the behavior of a virus, the modes of contagion, its evolution and the effects it has on the human body, it is called basic research.
Applied research
Although it also consists of original works that seek to generate new knowledge, these are usually directed to more specific objectives. If we return to the previous example of pharmaceuticals, after having carried out an evaluation of the virus, a form of applied research could be the studies carried out to develop a vaccine.… Continue reading
Fourth Industrial Revolution: What is Industry 4.0 and how can it be understood?
It is no secret that the world is currently immersed in a digital era, an era that is giving way to the so-called “Fourth Industrial Revolution”. But what is this fourth stage of industrialization based on? Well, it is based on intelligent production, processes systematized by advances in technology that produce great benefits to factories. Below we will explain what you need to know to understand this topic.
How to start the digital transformation in your company
Major changes begin with actions that lead us to a change, for this, and in order to update you in the new market requirements, you can start with renewing the teamwork, that is, that you consider that the digital transformation is nothing more than adapting your company to the demands of today’s commerce.
To make this path more bearable, whether you are planning it, or you already have it underway, you have steps that will help you achieve the necessary renewal successfully. These are specified in this post to guide you to do it, using the lean methodology, that is to say, to do it with the minimum necessary resources.
Road to change to achieve digital transformation
Remember that the main enemy you will get to take action is resistance. This is reflected in the uncertainty that arises in the face of unforeseen events. So it is convenient that you know that 1 in 3 Spanish companies is ready to start the digital transformation. Since they are aware of the modifications to the paradigm that is currently presented. Therefore, you should update and know the new consumption habits of the Spanish for this 2021, as they have presented a trend towards digital commerce.
We want to help you so that your company begins to address the digital transformation. Keep in mind that it is not only about renewing obsolete technologies, but also about emphasizing a radical change in the business culture, where it is a priority to define a comprehensive and long-term strategy.
Steps to address Digital Transformation
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Change corporate culture and internal organization
First of all, you must renew the corporate culture and internal organization in order to successfully approach the digital transformation process of your company. Remember that this is a comprehensive process, so it must include abrupt changes, which will have as a priority to meet the needs and demands of customers whose consumption habits have changed completely.… Continue reading
Sustainable Development: What is it and how to be a sustainable company?
Today, sustainable development is a key factor that companies apply in order to contribute to the goals of the 2030 Agenda. A company must not only be successful economically, but also ecologically and socially.
For a company, contributing to society and the environment is fundamental because they play an important role in sustainable development. But what is a sustainable company? Below we will explain in more detail what you need to know about this topic.
The 10 best cities to live in Spain
Spain is the second country in Europe preferred by tourists, is the eighth country in the world preferred by multinationals and is among the countries with the highest human development index in the world, according to the 2020 list of the United Nations. Are you thinking of moving? Then you are wondering, what are the best cities to live in Spain? We tell you.
Investment opportunities in Spain for Americans
Taking the initiative to invest in a foreign country has never been easy, and nowadays the Covid-19 situation has made everything a bit more complicated for everyone worldwide. But, resilience is the word that defines the world today, and thanks to that, the opportunities are once again blooming, particularly for Americans who want to expand to european soil.
What is a holding company and what are its benefits in Spain?
It is possible that you have already heard the term “holding”, but nevertheless, you are not very familiar with its meaning, because this Anglo-Saxon term translated into Spanish means “holding”, and it is used to classify the structure of a certain type of companies. So, you may be asking yourself “What is a Holding Company?”, well, here we will solve this and other doubts that may arise regarding this topic.
Digital certificate: what is it and how to obtain it?
Maybe you have heard about the digital certificate or an electronic certificate, but do you know how useful it is and how it can facilitate many of the procedures that nowadays are done online? If the answer is no, or you are not completely sure, stay because below we will give you all the details you need to know and we will tell you how to get your own digital certificate easily and securely.… Continue reading
User Experience (UX): What is it, and why is it essential to improve your brand?
Digital transformation is no longer a dream but a necessity. Concepts such as user experience are necessary for your business to move forward and adapt to today’s business trends. Learn more about it here.
Real estate market in Spain: 10 must-knows in Spain
The health crisis unleashed by COVID-19 not only altered our lifestyle, it also wreaked havoc on the Spanish real estate market which, just after reaching its maturity, faced a sharp drop in 2020.
However, in line with epidemiological advances, needs arising after confinement and the increase in teleworking, recovery is imminent. Therefore, we show you what are the important points to remember regarding the real estate market in Spain.
