Published: 05 April 2024
Reducing new product development cycle times, portfolio balance and embracing digital transformation are key to efficiency and productivity for R&D leaders in 2024 and beyond. R&D leaders should invest in creating an efficient and agile function that is positioned to deliver against strategic goals.
Gartner data shows that R&D leaders’ top priorities in 2024 center around efficiency and productivity. In 2024 and beyond, R&D leaders are prioritizing reducing new product development cycle times, achieving a healthy balance in R&D portfolios, and investing in the digital transformation of R&D.
In the 2024 R&D Leader Agenda Poll, 85% of respondents cited reducing product development cycle times as an important priority in 2024, yet only 52% of leaders felt confident in their organization’s ability to address this priority.
More than 80% of R&D leaders saw balancing investments between long-term and short-term opportunities as a critical challenge,
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