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This technology divergence can affect competitive dynamics in the market place between firms that achieve operational benefits from the technology and firms which have yet to adapt. While the growth of new technology consumption is not uniform across organizations, the trend for business-driven investment in technology across all markets has ...
This measure of technological innovation is widely used in empirical research, since it does not rely on the assumption that only technology affects long-run productivity, and fairly accurately captures output variation based on input variation. However, there are limitations with direct measures such as R&D.
"Technology innovation" gives a sense of working on technology for the sake of technology. "Technological innovation" better reflects the business consideration of improving business value by working on technological aspects of the product or services. These advancements would show improvement for the business's that adapt to this new technology.
Technology forecasting - the identification of possible relevant technologies for the organization, such as technology scouting. Technology roadmap - mapping technologies to business and market needs. Technology project portfolio (a set of projects under development) and technology portfolio (a set of technologies in use).
The concept of a technological innovation system was introduced as part of a wider theoretical school, called the innovation system approach. The central idea behind this approach is that determinants of technological change are not (only) to be found in individual firms or in research institutes, but (also) in a broad societal structure in which firms, as well as knowledge institutes, are ...
However, this increase requires business and technology management to work as a creative, synergistic, and collaborative team instead of a purely mechanistic span of control. [3] Historically, one set of resources was dedicated to one particular computing technology, business application or line of business, and managed in a silo-like fashion. [4]
Technology Intelligence (TI) is an activity that enables companies to identify the technological opportunities and threats that could affect the future growth and survival of their business. It aims to capture and disseminate the technological information needed for strategic planning and decision making.
Digital transformation (DT) is the process of adoption and implementation of digital technology [1] [2] [3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.