Technology Assessment

Introduction In today’s fast-paced business environment, innovation is key to staying ahead of the competition. However, implementing new technologies and innovations can be costly and time-consuming. That’s where Innovation Technology Assessment (ITA) comes in – a systematic approach to evaluating the potential of new technologies and innovations to ensure they align with business goals and are cost-effective. In this blog post, we’ll explore the importance of ITA for cost-effectiveness, and how it can help businesses make informed decisions about innovation investments. ...

Introduction In today’s fast-paced business environment, innovation is key to staying ahead of the competition. However, not all innovative ideas will yield a positive return on investment (ROI). Therefore, it’s essential for businesses to conduct a thorough Innovation Technology Assessment to measure the potential impact of new technologies and innovations. In this article, we will explore the concept of Innovation Technology Assessment, its importance, and how to measure ROI. According to a study by McKinsey, companies that prioritize innovation are more likely to experience revenue growth, with 75% of companies reporting an increase in revenue as a result of innovation. However, the same study found that only 25% of companies have a formal process for measuring the ROI of innovation initiatives. ...