Innovation means technological change. This means not only idea generation technology change results in practical implication or commercialism. The importance of technological innovation in today's competitive economy technology clearly how the global economy today, is technological innovation to an extraordinary degree.
Technological innovation plays an important role in the economic growth of a country. USA, Japan and other European countries are developed only through technological progress there. Singapore, India, China and many others are dramatic due to technological innovations and progress forward in recent years. High-tech companies are significant and growing part of the economy. This competitiveness depends on technological innovation. Innovations improving standard of living. Developments in the medical and pharmaceutical technologies have provided extensive returns in health and life.
Tech mining includes technological innovation. Tech mining involves understanding the processes of technological innovation more effectively track and inform decisions about the latest happenings and valuable business decisions on r & d and subsequent implementation and adoption.
Innovation is through defined as the process that generates technological ideas, developed and transformed into new business products, processes and services used to turn a profit and establish marketplace advantage. A better understanding of the innovation process is essential to see empirical measures deriving from innovation to generate actionable intelligence (technological).
Tech mining by extraction of data or information from multiple data sources, collection and analysis of results and key findings in actionable Visual representation for easy understanding what is happening and represents prediction of future technologies.
Different types of technology analysis that can help tech mining is as follows:
(A) monitoring technology (technology watch) - cataloging, characterisation, identification and interpretation of technology development activities
(B) technological competitive intelligence (CTI)-exploring "is out, who do what?"
(C) technology forecasting-Vorgriff on possible future development paths for specific technology domains
(D) technology road mapping - tracking evolutionary steps in related technologies and sometimes families, diversification of technology and technology tree
(E) Technology Assessment - possible unintended, direct, indirect and delayed follow certain technological changes anticipate
(F) Technology Foresight - strategic planning (especially national) focusing on technology roles and priorities
(G) Technology process management – getting people to make decisions about the technology involved
(H) science and technology indicators - time series to track progress in the national (or other) technological capabilities
Reasons to do tech mining
Likely pathways for emerging technologies - detect forecast products, research or service opportunity new
Identify the competitor or employees, end "fuzzy front" new product development - keep tract of your competitor activities for market dominance.
Identify potential customers for intellectual property ("IP") - new licensing, collaboration, acquisition and merger opportunities.
Discover more application arenas for the outputs of your r & D - identify new products and services develop from your existing business processes without having to invent more.
Gauge market potential for future technology based products and services
Be a wise consumer of other science and technology
Manage the risks of technology development and implementation based on better information.
Vinod Kumar Singh
Co Manager - IP information and technical writer - IP/patent intelligence
E-Mail: vinod.patent@gmail.com
