A
new report
from the National Institute of Standards and Technology (NIST) shows that
investment in measurement science has and will continue to have a dramatic
effect on innovation, productivity, growth and competitiveness in and among
high technology sectors. Citing the semiconductor industry as a case in point,
the analysis, prepared for NIST by RTI International (RTI), estimates that the
$12 billion spent on advancing measurement capabilities during the decade
beginning in 1996 will have saved that sector more than $51 billion in scrap
and rework costs by 2011
