Research and Development Glossary

Common terms used when outsourcing research and development:

Data mining
Data mining is the process of extracting valuable patterns, insights, and knowledge from large datasets. It is a crucial tool for businesses to make informed decisions, identify trends, and discover hidden relationships within their data.
Department of Science and Technology (DOST)
The Department of Science and Technology (DOST) is a government agency in the Philippines responsible for promoting and supporting scientific and technological advancements in the country. It plays a key role in research, innovation, and development initiatives.
Healthcare & Pharmaceutical Outsourcing
Healthcare & Pharmaceutical Outsourcing encompasses various aspects of the healthcare and pharmaceutical industry, including clinical trials, data management, medical billing, and drug research. Outsourcing in these fields aims to improve patient care, optimize research and development processes, and reduce operational costs. It allows healthcare organizations and pharmaceutical companies to focus on their core missions of providing healthcare services and advancing medical science.
KPO (Knowledge Process Outsourcing)
KPO, or Knowledge Process Outsourcing, is the practice of outsourcing tasks that require specialized knowledge or expertise. This can include activities like research, data analysis, and complex problem-solving, often in fields like finance, healthcare, or legal services. KPO providers offer in-depth domain knowledge and skills to handle complex processes efficiently, allowing businesses to focus on core functions and reduce operational costs.
Research & Development (R&D) Outsourcing
Research & Development (R&D) Outsourcing involves outsourcing R&D tasks, such as product prototyping and testing, to external experts or laboratories to accelerate innovation.