Yet, new research shows that many organizations continue to lose significant R&D budget on projects that never reach commercialization, even as AI adoption accelerates. Presented by IEEE Spectrum and Wiley, sponsored by PatsnapAbout the ReportCompetitive pressure and AI tools are reshaping how organizations innovate. The 2026 R&D Benchmark Report examines how leading organizations are responding to these challenges, and where they continue to struggle. The research reveals that while AI adoption is widespread, many organizations still lack the intelligence needed to prioritize the right opportunities, eliminate low-value projects early, and reduce costly late-stage failures. Drawing on responses from more than 200 senior R&D leaders across nine industries, this report provides practical benchmark data and insights into the strategies organizations are using to reduce R&D waste and accelerate time to market.