R&D plays a crucial role in technological development and the competitiveness of an economy.
Researchers are people invovled in the conception or development of new knowledge, products and processes. The total number of researchers devoted to R&D in an industry provides an indication of the amont of human captial devoted to innovation in that sector of the economy.
In order to innovate and grow businesses need workers with the right skills. Graduate employment outcomes reveal the skills and training that are in demand. Graduates from disiplines that provide the skills and training that employers value most highly tend to find employment more quickly than other graduates.
Science, technology, engineering and mathematics (STEM) are important fields of study that support economic growth by generating knowledge that drives innovation. The number of workers with STEM qualifications provides an indication of the capacity of each industry to absorb and adapt new ideas generated by these fields of study.