Several companies that shaped the latter half of the 20th century appear to be struggling to evolve and adapt to the modern marketplace. A prime example of this shift is the digital camera wave that started around the turn of the century and virtually eliminated conventional film cameras. Patent portfolio data illustrates how Fujifilm has leveraged its R&D strategy to engineer a lucrative venture into the healthcare domain and suggests where the company may be headed next.
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Medtronic is a medical device heavyweight. It’s been a long-time leader in the field and was ranked as the second top innovator in medtech in PatentSight’s most recent Top 100 Digital Innovators report. The company spends over $2 billion a year on its R&D and has a robust patent portfolio to show for it.
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With artificial intelligence (AI) entering its third major boom, R&D competitiveness has become fiercer and fiercer worldwide. With this reemerging interest, several potentially concerning factors have arisen, such as social issues including a rise in unemployment, ethical dilemmas related to the natural existence of humans, and many more. From this point on, it is important for R&D efforts to focus on producing AI technologies that can contribute to a human-centric design.
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