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Innovation is about technological change. Technological change leads to practical engagement or commercialization, it not only means generating ideas. The importance of technological innovation in today’s competitive economy is clear, because the world economy today is highly dependent on technology and technological innovation.

Technological innovation plays an important role in the economic growth of any country. We, Japan and other European countries have developed only thanks to our technological advances. In recent years, Singapore, India, China and many other countries have made tremendous strides through innovation and technological advances. High-tech companies are an important and growing part of the economy. The competitiveness of these companies depends on technological innovation. Innovation raises living standards. Advances in medical and pharmaceutical technology have led to a significant return to health and longevity.

Technological innovations include technological extraction. Technology intelligence enables insight into technological innovation processes to monitor and keep up to date with the latest developments, as well as making valuable business decisions on research and development and future implementation and implementation options.

Innovation is defined as the process by which technological ideas are generated, developed and transformed into new business products, processes and services that are used for profit and market advantage. Better understanding of the innovation process is essential to finding empirical innovation indicators to create useful technological intelligence.

Technology intelligence is done by extracting data or information from multiple sources, compiling and analyzing results, and presenting key results in a workable visual view to easily understand what is happening now and predict future technologies.

Different types of technological analysis that can be supported by intelligent technology analysis:

(A) Technology watch – cataloguing, characterizing, identifying and interpreting technological development activities.

Different types of technological analysis that can be supported by intelligent technology analysis:

(A) Technology watch – cataloguing, characterizing, identifying and interpreting technological development activities.

(B) Competitive Technology Intelligence (CTI) – “Who Does What?”

(C) Technology Forecasting – Anticipating possible paths of development in specific areas of technology in the future.

(D) The technological roadmap is to monitor the evolution of related technologies, and sometimes product families, technological diversification and the technological tree.

(E) Technology Assessment – Anticipate the possible unintended, direct, indirect and delayed effects of certain technological changes.

(F) Technology Prediction – Strategic Planning (especially National) with a focus on technological roles and priorities.

(G) Process Management – Involving people in technology decision-making.

(H) Science and Technology indicators are temporary series that track the development of national (or other) technological capabilities.

Reasons for using mining technology

Predict the likely ways in which emerging technologies are developed – identify new products, research or service delivery opportunities
Identify competitors or employees on the “foggy front” of developing a new product – prevent your competitor from dominating the market.
Identify the prospects of your intellectual property (“IP”) – new opportunities for licensing, cooperation, acquisitions and mergers.
Explore other applications for your research production – determine how to develop new products and services based on existing business processes without inventing anything new.
Measure the market potential of future technology products and services
Be a smarter consumer of other people’s science and technology
Manage the risks of developing and implementing technologies based on a deeper understanding.

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