April's IfM briefing explores the importance of Technology Intelligence systems in keeping track of the latest technological developments
April's IfM briefing explores the importance of Technology Intelligence (TI) systems in keeping ahead of competitors. Companies need to be aware of the latest technological innovations if they are to exploit new business opportunities and avoid potential threats.
Creating an effective TI system can be challenging as large amounts of data need to be recorded and analysed in relation to the company's needs. A recent research programme conducted by members of the Centre for Technology Management (CTM) has looked at the TI systems in 14 UK technology-based companies in various sectors. The researchers have tried to establish the underlying principles of an effective TI system, identified the strengths and weaknesses of the systems and also identified practical ways to address common problems.
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