Modeling and Simulation: The Return on Investment in Materials Science – an IDC Chemicals Industry White Paper

Market research firm IDC's recent study concluded that for each dollar invested in modeling and simulation software and its support infrastructure, $3 to $9 was returned to the company in incremental revenue and costs savings. The source of the return on investment included:

Increased experimental efficiency leading to the reduction of direct research costs.
Efficiency gains leading to broader and deeper exploration of solutions and new products.
Financial gains by reducing the time to market for new products.
Revenue gains from the rescue of stalled product development projects.
Risk management and cost savings through safety testing and failure analysis.

The study also showed that the higher the investment in modeling and simulation software, the greater the return per dollar invested.

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