Research and Development, commonly known as R&D, is a systematic process that organizations use to innovate and improve their products or services. It involves exploring new ideas, conducting experiments, and testing concepts to create better solutions. R&D is essential for staying competitive in various industries, including technology, pharmaceuticals, and manufacturing. Companies invest in R&D to develop new technologies, enhance existing products, and solve complex problems. This investment can lead to breakthroughs that drive economic growth and improve quality of life. Successful R&D efforts often result in patents, new products, and increased market share.