The world’s largest computer service provider IBM is selling its running research programs for other companies. According to International Business Machines Corp., this new business will help other companies to manage their research and development departments in more efficient way.
IBM estimates that the research and development consulting market is worth approx $8 billion and it is increasing 13 per cent annually. The company will help to run their research units but would not provide the research itself.
The consultant will assess the client research and development model from various parts of company and suggest them in their research. The company will soon launch this program in America, Asia-Pacific and expanding to Europe.
The IBM new unit is part of Armonk and New York to consult the services in high price. According to surveys, the rank of research and development is eight in information technology markets, as it a source of new ideas. The company will spend approx $1 trillion annually on research and development.
Via: eweek
IBM offers R&D services to other companies
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