A new report from IEEE Spectrum and Wiley, sponsored by Patsnap, indicates that despite increasing AI adoption, many organizations are still wasting significant R&D budgets on projects that fail to reach commercialization. The report, based on a survey of over 200 R&D professionals, found that over a third of companies allocate 25-40% of their R&D budget to projects that never make it to market. While AI is widely used for project execution, it is not yet effectively employed for strategic decision-making regarding project investment, leading to costly late-stage cancellations. AI
IMPACT Highlights the gap between AI adoption and its strategic use in R&D decision-making, suggesting a need for better AI-driven intelligence to reduce waste.
RANK_REASON The cluster discusses findings from an industry report about R&D practices and AI adoption, rather than a specific event.
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