In today's fast-paced and competitive business environment, product development has become a critical aspect of a company's success. The ability to innovate and develop new products that meet the changing needs of customers is essential for businesses to stay ahead of the competition. This report provides an overview of contemporary product development, with a focus on innovation, and explores the key trends, challenges, and best practices in this field.
This growing field uses similarity relationships—often found in patent databases—to extract functional analogies from other industries, significantly improving the novelty of solutions .
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