Technologies can create specific needs or support particular requirements of the potential customers. When companies integrate new technologies, it is vital to consider the compatibility of technological changes with their organizational mission and objectives, internal and external business factors, as well as needs and wants of the customers.
Science and technology have been the foundations of knowledge-based economic societies. As competition in technology innovation among nations becomes more intense, there is a growing need for evaluation and prediction of scientific technology capacity in order to enhance national competitiveness.
Technology level evaluation is a very broad field that includes the assessment of economic, market, environmental factors, access to resources and technical factors. Also is a forecasting function looking into the projection of opportunities and skill development as an input into strategic planning.
The purpose of the technology evaluation is to use fundamental information and to identify future potential technology so as to create strategies for technology development and investment in national R&D.
The methodologies used for the technology level evaluations have one feature in common: the technology gaps and technology levels of individual countries are compared with those of the country with the world’s best technology.
Technology level evaluation helps companies examine impacts of technological innovation, associated risks, and other concerns that may result in problems. Moreover, the assessment is done before the adoption of new technology and significant investment and, thus, reduces risk of ineffective investment decision.
