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Global tech trends in R&D 2016
Following the 2015 Innovation statement businesses are optimistic that innovation, especially in the tech world, will benefit from Malcolm Turnbull’s agenda: tax reform and Innovation. Many businesses are investing in research and development in a bid to find the next big thing in innovation. The ICT world in particular is booming. If you’re stuck for an idea to pursue in 2016, take a look at the tech trends set to shake up 2016.
3D Bioprinting
3D printing has advanced in leaps and bounds over recent years, which will lead to 2016 being one of the biggest yet: bioprinting. If making our physical environment more accessible wasn’t enough, researchers are currently seeking to 3D bioprint tissues and organs suitable for transplantation. Research will need to address complexities such as cell types, growth factors, and challenges relating to the sensitivities of living things. This will involve the collaboration across fields such as engineering, bio materials science, cell biology and medicine.
Virtual reality
2016 is likely to show huge progressions for virtual realities with companies such as Facebook, Sony and Microsoft all investing in the research and development of their own virtual ideas. You will be seeing huge investments into virtual content, wearable tech with virtual reality capabilities and augmented reality. Virtual content will be focuses on in gaming and entertainment as well as consumer 360 degree cameras for virtual reality shooting from the likes of GoPro/
Artificial Intelligence (AI)
Companies are already developing AI to understand, diagnose and solve complex problems. Additionally, augmented reality adds the physical world by adding sound, video, graphics, GPS data and potentially even smell. We may not have robots doing our house chores by the end of 2016, but further research and development breakthroughs will progress this concept into the foreseeable future.
eLearning
eLearning provides education opportunities for the next generation. It’s no wonder eLearning is booming as it provides an anytime, anywhere educational system for people of any age. It’s set to become more personalised, more interactive (maybe with virtual content), and provide more support over the year to come.
peer-to-peer (P2P) services
These days people are able to use peer-to-peer services to rent out just about anything: a bedroom, a car, a handyman or even his tools. P2P services such as Uber and Airtasker and Airbnb are revolutionising the way we do things.
2016 is set to be a breakthrough year for entrepreneurs in Australia. Now is the right time get started and get invested.
Are you conducting research and development?Companies conducting R&D may be eligible for the R&D Tax Incentive. The program is an entitlement program that helps businesses offset some of the costs of doing R&D. It aims to help businesses conduct R&D to create a more innovative Australia. The program is open to firms of all sizes in all sectors who are conducting eligible R&D activities.
Need help with a claim?
TaxTrex provides tools to manage an R&D claim service in-house from initial assessment to the claim submission.