A Study of Correlation: The Effect of R&D Information Tools on Research Success
Access to R&D Information Tools Boosts Success Rates
Engineers and scientists are under increasing pressure to outperform their competition and contribute to the growth of their companies. Hand in hand with this, they are expected to achieve the right results on their first research attempts. Organizations can help their researchers succeed by granting them access to R&D information tools.
Martin Akel & Associates conducted a random sample of U.S. researchers in the corporate/industrial market and uncovered noteworthy findings. In particular, the firm found a strong correlation between access to information tools and ultimate research success. In fact, firms that are more committed to giving researchers access to paid tools are 87% more likely to achieve higher levels of R&D success.
Survey respondents cited paid information tools as a highly accountable medium offering a definitive return on investment. Overall, researchers believe these tools help:
- Bring products to market more swiftly
- Avoid the wrong research approaches
- Obviate the need to reinvent approaches and products that already exist
And when comparing Elsevier to "the community of publishers," respondents rated Elsevier's resources to be of superior quality across the board, on criteria including:
- Authoritativeness/credibility of the content
- Reliability over time
- Reputation for quality content
- User-friendly content
- Broad scope of related information in a single source
Organizations that do not arm their researchers with these tools should reconsider. After all, it's clear that access leads to success.
Download this free report to learn more about what sets successful companies apart from their peers in the field of R&D.