Technology Scouting

Technology scouting is a navigation approach to help enterprises recognize novel technologies and comprehend the roadmap from raw information to a technology prototype. It is a verified mechanism to realize the potential of recent and upcoming technologies.

Ingenious e-Brain delivers technology scouting services to assist large, medium, and small-scale industries inquisitive about novel and emerging innovations across their respective domains. Our technology scouting experts will elucidate how incorporating relevant innovations can transform a business. We design a feasible roadmap to promote innovation by reviewing and sorting the outcomes of hundreds of aspiring companies across the globe and employing proven analytical processes.

Why is Technology Scouting Imperative?

·         To emphasize the innovation challenges being faced across multiple organizations.

·         To analyze gaps within a specific domain and identify opportunities for further technological improvement.

·         To draft technology mapping for comparative analysis by considering multiple tech-related parameters.

·         To identify novel technologies that can help the organizations in business expansion across unexplored areas and enhance the product quality.

Why choose Ingenious e-Brain for Technology Scouting?

·         We identify, uncover, and analyze emerging technologies within across your industry.

·         We deliver technology rankings based on innovation, feasibility, scalability, features, and other parameters.

·         We determine similar novel technologies being adapted in adjacent domains.

·         We help you identify technologies that can revolutionize your offerings.

For more information, please visit below page and schedule a call with our experts@
https://www.iebrain.com/technology/technology-scouting/

About Ingenious e-Brain : –

Ingenious e-Brain provides high-quality, customized, and cost-effective Technology Research, Business Research, and Intellectual Property Research solutions to industry leaders, and innovative companies across the globe. Innovation, knowledge, and transparency form the basis of our company’s mission and vision. Along with cost benefits, we provide highest quality results ensuring fool-proof confidentiality and security. We are an ISO certified company with offices in India and USA.

Ingenious e-Brain has a strong team of analysts, and subject matter experts with domain proficiency which is devoted to help clients grow. Our highly qualified professionals offer tailored, value-added and cost-effective services to our clients. We believe in building long term relationships with our clients who include national and international corporations, Fortune 500 companies, world’s leading research institutes and universities as well as independent inventors.

Get in Touch: –

USA Office:

8 The Green, Suite B, Dover, DE 19901 United States

+1 347 491 3868

India Office
207-208 Welldone TechPark, Sohna Road
Sector 48, Gurugram, Haryana 122018, India
+91 124 429 4218

Email: contact@iebrain.com

How can technology scouting help companies to innovate successfully?

 

Are you a company? Do you want to innovate successfully? Then, one of the main hurdles to innovation is your regional way of thinking. But it is highly essential to be competitive and for that sound information on the upcoming technology is crucial at an initial stage. Thus, to be updated about emerging technologies, technology scouting services are best.

So, let's now get to know more about technology scouting…

What is Technology Scouting?
 Technology Scouting is a chunk of the research trend, which mainly deals with the system and regular observation of the technological innovations and prior recognition of the upcoming technologies.

In disparity to technology watching, whose emphasis is on the tracking of existing technologies. The "technology scouting" can be recognized as the preemptive search for novice technologies. This similarity can be assisted by technology roadmaps. 
 Thus, technology scouting is an initial point for the long-term arrangement among trending external technologies and internal needs of an existing company for deliberate resolutions. The need for the planned technology management is administered systematically with the assistance of the roadmap, and functioning development and research is controlled persistently.

Growth Factors for Technology Scouting 
 Considering the present scenario, several technology-concentrated organizations are highly interested in technology scouting. This interest is due to the specific growth factors:

Globalization: The globalization of technology innovation makes it essential to witness technology movements at a global level. 
 Short Cycles: The shortened development, as well as product life cycle, indicated that organizations have to enhance their development and research expense on one hand majorly, and other than competitive benefit from trending technologies are only for a short time.
 Tight R&D: In several industries, there is a huge pressure on R&D to be productive and effective. The major reason for this is the strengthening of the competition and concurrent increase in costs of R&D. The concentration on internal possessions is now no longer adequate. So, companies might need to focus on external technologies and ideas to sustain themselves in the market. 
 External Technology Sources: The enhancement alternative to external technology sources needs several organizations to track possible technology sources unceasingly. 
 Research Activities: In several organizations, prolonged research activities are mitigated. As an outcome, the capability to recognize and check main technological trends, mainly in research, is moderated. 
 Diversification: The increase in technological diversifications results that individual organizations are consuming enhancing technologies. 
 Massive Information: The enhanced workloads and impossible amount of data make it tough to recognize and monitor related technology trends and development. 
 Intricacy: The enhanced difficulty of the technology innovation establishes itself in an enhancing intersection of apparently discrete technology regions and makes it more complex to follow the trends individually. In various cases, assimilation of technologies comes to the forefront. The crucial success factor is thus no longer technological capable, but the selection of better technologies. 
 Open Innovation: The technology scouting is an essential element of the open improvement approach. The open innovation thus enhances the growth of technology scouting.

Technology Scouting Enhances Innovation 
 "Technology scouting" expects not only technological changes and new markets but also decreases potential risks and mitigates pressure on the R&D section.

Enhance Innovative Strength
 The technology scouting assists effective and efficient innovation management, mainly in innovation search area optimization, project management, and idea generation. The incorporation of peripheral ideas and technologies mainly enhance an organization's capability to innovate- without considering the size of the company and their R&D department.

Minimization of Risk of Unsettling Technologies
 The unsettling technologies can substitute technologies and products much far as possible to overall sweep them off the market. The main key intimidation to competitiveness in several industries is the inability to recognize long-term technology or unsettling technologies. Occasionally, they rise outside their main industry. For instance, a blockbuster was one of the recognized market leaders in film and video distribution. But, due to Netflix, blockbuster has lost many consumers in three years and filed bankruptcy in 2010. In this technology, scouting acts as a saver which preserves technological trends or probable unsettling technologies.

Release of Internal R&D Section
 Nowadays, internal expertise and resources are no longer adequate to meet the recent needs of the competition. In several cases, the abilities of the research and development department are highly small to guarantee the main degree of innovation for novice products in innovation cycles. Thus, technology scouting can reduce the burden on the internal R&D department and enhance effectiveness.

Recognition and Trend of Upcoming Markets
 Corporate evolution is the main factor for the long-term success of an organization. Technology scouting assists an organization in recognizing upcoming technologies and their markets. Additionally, it minimizes ambiguities as per the technologies needed in novice markets.

Conclusion 
 Waiting for technology innovation passively is not enough in today's environment. Organizations need to thoroughly research existing as well as upcoming technologies to remain competitive in their market. For staying competitive, technology scouting acts as an excellent service for technological change. If you want your business to be productive, then take technology scouting services from experienced professionals to stay innovative.

Tactics to Enhance Technology Scouting Services

 

Recognizing cutting-edge technology is the initial step of technology scouting. The main key for the technology scouting services is to exploit the perfect opportunity at the right time. With this blog, we have gathered a list of tactics that can help you streamline the process of technology scouting:

Explore unknown

The massive of new startups and patents has made scouting more important than ever. Data gathering is becoming much difficult. Due to this, technology scouting becomes the main process for organizations to remain competitive and enhance their R&D process. When the companies are less of ideas, the challenge has become to recognize the high-value opportunities.

To constantly get these valuable opportunities in the process of scouting, initially make a clear criterion of what you are looking for and how it aligns with the strategy you make.

Next, use the search and marketplace tools to explore the opportunities.

Set up the notification on technologies or companies of interest. The best idea is to track and re-engage when time is perfect.

Utilizing all of the searching efforts, you will be capable of discovering the unknown from your overall scouting process. Seek the right opportunity to enhance time to grab the deal.

Minimize the number of tools utilized

After gathering the information from the scouting initiatives, what will you do with it?

When information is stored in several systems, data silos make it tricky for colleagues to see information in various locations. The tools used for the technology scouting services by technology scouting companies do not scale with your company's growth. Using a systematic approach leveraging a purpose-built tool for assessing the tech scout opportunities.

Managing the portfolio of opportunities in one place to mitigate silos of data and excellently coordinate communication among geographies, departments, and partnerships to open up the available knowledge of data. Having the information at your fingertips enables you to ask the right questions and make effective business decisions.

Create a team for collaborators

As the partnerships and opportunities continuously grow, it has become tough to connect with the team to discuss the possibilities. The team assesses several technologies per month that face issues of re-assess the opportunities and create unmanageable operations. Managing the partners has become inefficient and difficult without any framework for communications. The opportunities might slip via cracks as there is not any way to monitor communication and potential partners.

Coordinate items across your team and build visibility into several ongoing interactions for better and quicker decisions. This solves the communication and enables everyone to be aware of the responsibilities from initial. Additionally, simplify the projects with the external partners by enabling them to collaborate and communicate in real-time.

At last, make the crucial data visible to all by monitoring your pipeline visually to check which opportunities are currently accessed in which state gate to ignore duplicate efforts.

Identify success

Communicating your success to the management is important for evaluating just the achievement of the team but recognizing which partnership. Only it takes one success story for the management to support your innovation program. The challenge lies in seeking partnership data, financial information, and all details related to your presentation. Gathering the data from the external partners takes time. By the time you can accumulate information, your success story will become irrelevant.

So, initially enhance the visibility into ongoing interactions to get all the data at your fingertips wherever you are across the globe. It enables to keep everything organized and detailed for telling a story. Additionally, actively manage and update your enhancing pipeline to ensure that the presented data is relevant and exact. Streamline the process of gathering financial details and information from the partners for adequate information.

Finally, add valuable data to your stories from recent news. The startup you access might have had a significant investment worth adding your story.

Recognize trends in tech scouting puzzle

Reporting is important for making productive decisions which is crucial for the process of tech scouting. Do not be a team that displays metrics on your impact or risk becoming a waste mitigation target. Still, it can be challenging to accumulate information from departments and conferences and compile it in a relevant report. The data spread across several documents and sharing websites makes it a big nightmare to get all information and build exact reports.

For making the reporting easy, initiate by using a single enterprise system to manage the reporting. Be meticulous in monitoring each opportunity without letting it slip via cracks.

So, what tactics are you using to enhance the technology scouting services, and how are you managing to grow a pipeline of opportunities. Tell us through your comments!

6 Steps To Become A Better Scout

 

Technology scouting's primary goal is to help small and medium-sized businesses identify emerging innovations, channel tech-related data into the organization, and promote inexperienced technology in a corporate setting. At Ingenious e-Brain, we combine our knowledge, analysis, and tried-and-true processes to map out the innovations that will influence your business. Here are few tips to help you become a technology scout :

1. Identification of Emerging technology: Understand prevalent technologies and products in the domain identify new technology opportunities that the company has not tapped into.

2. Gathering Information from information sources: Choose the sources of knowledge and the tools to use. Formal and informal sources of information may be distinguished. Informal sources are particularly useful for detecting discontinuities and high-level areas of technical change. Formal sources have the advantage of allowing automated knowledge searches, such as database searches using predefined algorithms. These sources are usually paid or open-source databases. The information is collected through journals, technology reports, studies, and other databases such as Orbit Questel, Derwent Innovations, seminars, and conferences.

3. Data collection: Data is gathered and often saved for later study. You can gather more data and pick more important information using their technical skills and understanding of its needs by utilizing a broader network.

4. Data Analysis: Filtration, analysis, and interpretation of collected data is carried out. It is believed that a better analysis takes place in the collaborated team of scouts and those receiving the information.

5. Technology Mapping: In this step, you map identified technologies to the client's need or requirement on how and where they can utilize identified solutions or technologies to streamline their processes and earn more profits.

6. Technologies from Adjacent Industries: Finally, in this step, you will find technologies available from adjoining industries or domains that could be used for better process outcomes by the client company.

 

In our experience, we have found that the above steps effectively carry out technology scouting services.

 

If you have any questions or want to know, then we can help your business with its innovation challenges, get in touch with us here or email us at services@iebrain.com.

6 Tactics To Improve Your Technology Scouting

 

Technology scouting’s main goal is to help small and medium-sized businesses identify emerging innovations, channel tech-related data into the organization, and promote inexperienced technology in a corporate setting. At Ingenious e-Brain, we combine our knowledge, analysis, and tried-and-true processes to map out the innovations that will influence your business. We carry out technology scouting service in the following steps:

1. Identification of Emerging technology: Our technology experts, who have a good understanding of prevalent technologies and products in the domain, identify new technology opportunities that the company has not tapped into.

2. Gathering Information from information sources: The scouts choose the sources of knowledge and the tools to use. Formal and informal sources of information may be distinguished. Informal sources are beneficial for detecting discontinuities and high-level areas of technical change. Formal sources have the advantage of allowing automated knowledge searches, such as database searches using predefined algorithms. These sources are generally paid or open-source databases. The information is gathered through journals, technology reports, studies, and other databases such as Orbit Questel, Derwent Innovations, seminars, and conferences.

3. Data collection: Data is gathered and often saved for later study. Expert scouts gather more data and pick more important information using their technical skills and understanding of the company’s needs by utilizing a broader network.

4.Data Analysis: Filtration, analysis, and interpretation of collected data are carried out. It is believed that the best analysis takes place in the combined team of scouts and those receiving the information.

5.Technology Mapping: In this step, scout maps identified technologies to the client’s need or requirement on how and where clients can utilize identified solutions or technologies for streamlining their processes and earn more profits.

6.Technologies from Adjacent Industries: Finally, a team of experts finds out technologies available from adjacent industries or domains that could be utilized for better outcomes of the process by the client company.