Global R&D spending now exceeds $2 trillion a year, yet many companies still rely on intuition rather than evidence to shape innovation strategies-often at great cost.
TechNext, co-founded by Anuraag Singh and MIT's Prof. Christopher L. Magee, aims to change that with a newly patented system that delivers data-driven forecasts for technology performance.
Built on large-scale empirical datasets and proprietary algorithms, the system enables organisations to anticipate which technologies are likely to improve most rapidly.
'R&D has become one of the fastest-growing expenses for companies, yet most decisions still rely on intuition rather than data,' said Singh. 'We have been flying blind'
The tool has already drawn attention from major stakeholders, including the United States Air Force, multinational firms, VCs, and think tanks.
By quantifying the future of technologies-from autonomous vehicle perception systems to clean energy infrastructure-TechNext promises to help decision-makers avoid expensive dead ends and focus on long-term winners.
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