March 2008
HP announced that it has sharpened the focus of its advanced research group, HP Labs, to address the most complex challenges facing technology customers in the next decade.
The new HP Labs now consists of 23 distinct labs across seven worldwide locations; it is led by Prith Banerjee, who joined as director last August. Collectively, the labs are focused on five main areas: information explosion, dynamic cloud services, content transformation, intelligent infrastructure and sustainability.
The redesign of HP Labs is intended to balance exploratory research with an entrepreneurial approach so breakthrough technology can be transferred more rapidly into commercial applications for customers.
HP Labs will pursue 20 to 30 large research projects – instead of the 150 smaller projects in the past – based on insight gained from newly expanded relationships with universities, partners, customers and venture capitalists.
Labs researchers will turn discoveries into commercial offerings under the guidance of a new review board composed of HP technologists and business executives. Review board members will identify the most promising research areas and build business plans for projects early in their research lifecycles.
In a press event today at company headquarters, some of HP Labs’ leading-edge research was demonstrated and HP executives explained the ideas behind the group’s new approach.
“HP Labs has a long history of delivering innovation that has changed the way people use technology,” said Mark Hurd, HP chairman and chief executive officer. “The steps we’re taking today will further strengthen Labs and help ensure that HP is focused on groundbreaking research that addresses customer needs and creates new growth opportunities for the company.”
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