Banks don’t even show up on Booz & Co.’s Global Innovation 1000 spending report.
They are lumped in to the “other” category of all industries except the top nine.
All of the other industries combined only account for 2% of the $603 billion spent on research and development in 2011.
Average R&D intensity, that is R&D spending as a percent of sales, across all industries was 3.43%.
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