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Research and Development Glossary
Common terms used when outsourcing research and development:
- Data mining
- Department of Science and Technology (DOST)
- Healthcare & Pharmaceutical Outsourcing
- KPO (Knowledge Process Outsourcing)
- Legal Research
- Research & Development (R&D) Outsourcing
- 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.
- Legal Research
- Legal Research is the process of investigating specific legal matters or topics. It involves searching for relevant laws, regulations, cases, and precedents to provide accurate legal information or support decision-making. Legal researchers play a critical role in ensuring that legal professionals have access to up-to-date and relevant legal information, which is essential for making informed legal decisions and building strong legal arguments.
- 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.