Discuss the process of technology based innovation process with suitable examples.

Discuss the process of technology based innovation process with suitable examples.

The technological innovation process is a complicated set of tasks that converts the concepts and scientific knowledge into reality and the real-world applications, that is, useful products and services. The process requires the unification of inventions and the technologies which already exist, for bringing innovations to the world market.

 

The process of technological innovation has eight phases:

1. Basic research: 

This is the first phase of the process of technological innovation. In this phase, a basic research is done for increasing our basic understanding of the nature laws. We can say that this research is a process of knowledge generation over long time duration.

2. Applied research: 

After basic research, applied research takes place. In this phase, research is done for dealing with one or more problems of the society and solving them. For example, conduction of research for the development of medicine for a particular known disease. We can say that we gain more knowledge systematically on the basis of existing knowledge. If the applied research is successful, we can develop and implement technology comfortably.

3. Development of technology: 

This is the third phase of the process of technological innovation. We can define it as a human activity, in which, we transform our knowledge and concepts into hardware, software, or services. This phase may include demonstration of practicability of a concept, verification of concepts of designs, or creation and testing of a prototype.

4. Implementation of technology: 

After the development of technology, we implement the technology. For implementation of a technology, we perform a set of tasks related with the introduction of a product into the market. This phase includes the first functional use of a concept or a product by the society. It brings about the tasks which are related to assurance for the successful introduction of developed product or service (including cost, and considerations related to the environment).

5. Production:

In this phase of technological innovation process, we perform a set of tasks (manufacturing, production control, logistics, and distribution) related to the broad transformation of the design concepts into products and services.

6. Marketing: 

In this phase, we perform a set of activities for assuring that the consumers accept the technology. This set of activities include the evaluation of the market, strategy for distribution, promotion of the product and services, and judging the behaviour of consumers.

7. Expansion: 

This is the seventh phase of technological innovation process. This phase includes the strategy and performance of tasks that assures the expansion of the technology in terms of its usage, and the supremacy of the technology in the market. Expansion is dependent on the methods of exercising the technology and on the system used for the technology marketing.

8. Improvement and enhancement: 

This is the final phase of the technological innovation process, and is related to the improvement and enhancement of technology. It includes carrying out a set of tasks related to the maintenance of the technology’s competitive edge. It brings about improvisation of the technology, development of new applications of the technology, improvisation of quality of the technology, reduction of technology cost, and meeting the customers’ needs. Improvement and enhancement of technology increases the life of technology.