Significance of Return on investment
Return on investment (ROI) is a key concept that measures the financial benefits a company anticipates from adopting technologies like Process Analytical Technology (PAT), relative to the initial costs incurred. This evaluation helps organizations determine the potential profitability and effectiveness of their investments in new technologies, guiding strategic decision-making for future projects. Understanding ROI enables companies to optimize their resource allocation and enhance their overall financial performance.
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The concept of Return on investment in scientific sources
Return on investment (ROI) measures the expected financial benefits of implementing technologies, such as PAT, compared to the initial costs incurred. This evaluation helps companies assess profitability and efficiency in their technology investments.
From: The Malaysian Journal of Medical Sciences
(1) A financial metric used to measure the profitability of an investment, in this case, regarding the cost-effectiveness of the CereTom scanner.[1]