IBM has the world's largest IT research organization, with more than 3,000 scientists and engineers working at 12 labs in 10 countries. The company invests more than $5 billion a year in R&D and is the world’s leader in patent filings. It holds nearly 37,000 patents worldwide. IBM strives to lead in the creation, development and manufacture of the industry's most advanced information technologies, including computer systems, software, networking systems, storage devices and microelectronics. IBM participates in and contributes heavily to the work of standards consortia, alliances, and formal national and international standards organizations.