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"2.4.4.2 IBM's research and development ("R&D") operations differentiate the company from its competitors. IBM annually invest approximately 6 percent of total revenue for R&D competitors. IBM annually invests approximately 6 percent of total revenue for R&D, focusing on high-growth, high-value opportunities. IBM Research works with clients and the company's business units through global labs on near-term and midterm innovations. It contributes many new technologies to IBM's portfolio every year and helps clients address their most difficult challenges. IBM Research also explore s the boundaries of science and technology - from nanotechnology and future systems, to big data analytics, secure clouds and advancing the world's first cognitive computing platform, IBM Waston.