R&D 100 Conference Day 3: 2017 Global Funding Forecast

None
Nov. 11, 2016, 3:38 a.m.

The second annual R&D 100 Conference in Washington, D.C., concluded on Day 3 of last week with a look into the future.

The morning started out with a session on “Management Risks in the World of Hybrid IT and Hybrid Cloud” by Sid Nag, of Gartner, who spoke about the benefits of hybrid IT and the risks and best practices.

“The evolution of Hybrid Cloud is all about performance, reliability and resiliency, it’s all about making it easy to use,” said Nag during his presentation at Gaylord National Resort & Convention Center in Oxon Hill, Md.

According to Gartner slides, through 2017, 90 percent of organizations will operate a hybrid IT model. Development of a hybrid IT strategy will be a major factor underpinning successful cloud computing strategies.

Nag spoke about the importance of moving data to Cloud for the benefit of products, and the evolution of the technology in response to not having enough space and therefore starting a movement to store everything virtually.

His presentation was followed by Hal Hikita’s from BIOVIA-Dassault Systemes on “Virtual Materials: Making Impossible Dreams a Reality.”

“Discovery of materials is a must; it’s no longer about sequential design … now we’ll need concurrent engineering,” Hikita said during his speech

Hikita spoke about the need to keep virtual and real materials in sync in order to democratize science.

Lastly, the three-day conference, including the black-tie 54th Annual R&D 100 Awards Ceremony the day before, concluded with the 2017 Global R&D Funding Forecast. R&D Magazine veteran Tim Studt discussed the future of research and development markets worldwide, noting that in 2016 there was $515.5 billion R&D investment in the U.S. That number is predicted to grow in 2017 by 2.6 percent.

The forecast concluded that while U.S. has been the leader in R&D investment for more than 50 years, China is predicted to become the largest R&D investor within the next 10 years.

“No one is growing as fast as China, nobody,” said Studt during his presentation at the conference.

A handful of attendees shared their highlights and sentiments about the second annual R&D 100 Conference.

“The highlight for me was the 2017 Annual R&D Funding Forecast that Tim Studt spearheads each year, to a forecast accuracy of .04 percent for R&D Magazine,” Bradford Goldense, president of Goldense Group, and one of the conference speakers, told R&D Magazine. “It is hard to find any forecast in any field that is annually that accurate. One can rely on the information from the conference on November to be good for the entire following fiscal year.”

Jeb Belcher, Emerging Technologies developer, of Georgetown Rail Equipment Co., and one of the R&D 100 Award winners in Analytical/Test category had a suggestion for the conference next year.

“One thing I think might be positive moving forward would be to find a way for each attendee to share their personal story of innovation or research,” he told R&D. “That’s why we are all there and the more opportunities we have to learn about each other’s accomplishments, the more likely we will take away.”

Tell Us About Your Innovation!