Technology Assessment is a process by which the commercial potential of applied science and engineering can be determined.
“Technology” includes products, processes, devices, services or other embodiments of applied science and engineering.
The process is analytic and systematic.
“Potential” is influenced by a number of identifiable factors:
- Technical feasibility
- Requirements for/barriers to implementation
- Available markets
- Competing technologies
Technology assessment is useful in situations where client management is uncertain about the commercial prospects for its technology.
The output from a well-planned and executed technology assessment: both qualitative and quantitative answers to fundamental questions in technology-based businesses, e.g.,
- “This technology is available to us…should we invest in it?”
- “There are several technologies available to us…which should we choose?”
- “What is this technology worth?”
- “We have this technology…what (else) can we do with it?”
We at Prakteka LLC developed our expertise planning and implementing technology assessments in the context of numerous and diverse client assignments, all focused on using technology to create business value. We are here to help you answer business-critical technology questions, too.
For a customized plan for your needs, contact us at https://www.prakteka.com/contact-us/
For more on technology assessment, see the expanded discussion on our Prakteka LLC website, https://www.prakteka.com/category/technology-assessment/