R&D Advanced Hardware Benchmarking

Disruptive technologies—like electromobility, cleantech, decarbonization efforts, and digitalization—require significant R&D investments. This increases the imperative for leaders in research and development to find ways of improving the efficiency of their financial decision-making.

However, many corporate leaders struggle with limited data transparency when setting spending targets and steering their development projects. In response, we developed R&D Advanced Hardware Benchmarking. This unique solution uses parametric tools, machine learning-based algorithms, and a broad database to help companies set best-in-class R&D spending targets for hardware components, optimize expenditures, and identify levers to improve development efficiency and ensure faster product delivery.

• Project cost benchmarking—Identify and quantify cost drivers and development opportunities based on our standard and proven benchmarking approach
• Intuitive user interface—Boost user adoption by creating a user-friendly environment that enables fast capability building
• Parameter-based tool—Apply benchmarks to a specific project by adapting a standard set of input parameters
• Best-of-benchmarks—Calculate expenses based on a broad database of products and components allowing for comparison with peers
• Sensitivity analyses—Understand the sensitivity and potential impact of changes to design or project premises
• Improvement levers—Get clear guidance on how to optimize R&D spending toward an industry best-in-class level