Term Papers Tagged With: Innovation 9 pages, words The current technological environment is becoming increasingly complex, and managers are faced with new challenges related to technology forecasting, technology investment and adoption, and new product development. The technology ecosystem model provides a principled approach to understanding evolution of technology artifacts and environment by taking into account the interdependent nature of related technologies.
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Get Access Understanding Evolution in Technology Ecosystems Essay Sample The current technological environment is becoming increasingly complex, and managers are faced with new challenges related to technology forecasting, technology investment and adoption, and new product development. The technology ecosystem model provides a principled approach to understanding evolution of technology artifacts and environment by taking into account the interdependent nature of related technologies.
Many industry analysts recognize that it is difficult, if not impossible, to accurately predict future technological advances. However, converging technology capabilities in this industry are making it challenging to know how VoIP will evolve, which further emphasizes the financial importance of accurate technology forecasts.
There has been extensive research on the nature of innovation and technological change which provides many theories of technological evolution and numerous methods for technological forecasting. See Porter et al. A critique of these models, however, is that in discussions of innovation and technology evolution, technologies are often considered individually.
Instead, we argue, it is necessary to consider a system of interrelated technologies and environmental factors that influence the evolution and development of a given technology.
We propose a technology ecosystem model for understanding the dynamic nature of technological evolution.
The model is designed to help analysts identify the important relationships between multiple technologies that potentially affect their business decisions. A ecosystem and nine paths of influence that describe the types of impact technology roles can have on one another. Examples throughout the article illustrate various aspects of the model.
In the biological sciences, ecosystems are composed of a population of organisms, a set or resources, and external environmental forces.
Similarly, technologies coexist in an environment containing populations of technologies organized as overlapping hierarchies with many interdependent relationships Adomavicius et al. By considering a technology ecosystem, a manager can more successfully identify factors that may impact innovation, development, and adoption of new technologies.
Technology Roles We identify three specific roles that technologies can play within an ecosystem: By acting through these roles, classes of technologies influence the evolution and development of each other.
The component role describes technologies when they are used as components in more complex technologies.
For example, RAM chips, microprocessors, hard disk drives act as components for the personal computer PC. When a technology acts as a component, a more complex technology depends on that component to function.
This is an important relationship in the ecosystem because individual technologies can act as components in multiple technologies and contain components themselves.
For example, the hard disk drive HDD acts as a component in PCs, digital audio players DAPsand many other devices, but it also has a set of component technologies itself, including DC spindle motors, actuators, and platters.
The product and application role describes technologies comprised of a set of components and designed to perform a specific set of functions or satisfy a specific set of needs. When acting in this role, the technology is associated with a specific application or use and competes with other technologies in this role.
For example, in a digital music technology ecosystem a DAP plays a product and application role because it is designed to store and play digital music files, is composed of several components, and competes with related technologies, such as CD players and satellite radio devices.
The support and infrastructure role describes technologies that work in collaboration with or as a peripheral to other technologies. A support and infrastructure role is that components are necessary for the design and are part of the physical structure of another more complex technology, while support and infrastructure technologies simply work in combination with other technologies.
A key point about the support and infrastructure role is that these technologies add value to the technologies they support.
Identification of a Specific Ecosystem View The general view of an ecosystem can be very complex, with technologies playing multiple roles and having multiple relationships.Read "Understanding evolution in technology ecosystems, Communications of the ACM" on DeepDyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips.
The evolution of technology-based innovations can take various paths within a technology ecosystem, so understanding technological changes requires an integrated view of the continuous path that the change process traces over time (Boland et al.
). Understanding evolution in technology ecosystems. Full Text: Get this Article Robert J. Kauffman, Technology roles and paths of influence in an ecosystem model of technology evolution, Information Technology and Management, v.8 n.2, p Understanding evolution in technology ecosystems: Gediminas Adomavicius, Jesse Bockstedt, Alok Gupta.
Liu, Jun and Kauffman, Robert J. and Ma, Dan, Competition, Cooperation and Regulation: Understanding the Evolution of the Mobile Payments Technology Ecosystem (March 3, ). Electronic Commerce Research and Applications, Forthcoming.
Evolution of Ecosystems Watch your step! Exploring the evolution of robust joint-level control. Craig McGowan Ph.D. Many animals demonstrate remarkable feats of locomotive agility, reaction, and maneuvering; the ability to jump, turn, and accelerate has direct implications for survival.
Many industry analysts recognize that companies need to understand the nature of technological change and evolution, to accurately forecast and take advantage of investment and market.