Reference
Scheuffele, M., Fetkenheuer, N., & Brecht, L. (2024). An Attempt at Data-Driven Validation of Early-Stage Technology Trends. Paper presented at the ISPIM Connects Porto Alegre - Social Innovation and Impact in the Global South, Porto Alegre, Brasil.
Publication type
Paper in Conference Proceedings
Abstract
Foresight of early-stage technology trends via bibliometrics is often criticized for its perceived limitations in articulating practical relevance or predicting application success. To address that gap, foresight researchers and practitioners usually rely on expert interviews to qualitatively validate their quantitative findings. This study introduces a novel, data-driven approach to validate the relevance of early-stage technology trends for businesses and to detect early implementation efforts by technology leaders. By combining a bibliometric analysis of scientific publications with trend insights from online job postings as an innovative foresight data source, we use the presumably most early-phased data sources of both perspectives – science and practice – for our assessment of future technology innovation fields. The presented research is part of a larger project which strives to deepen our understanding of the links between scientific advancements and business innovation efficiency, thereby providing a more comprehensive perspective on the commercial viability of emerging technologies.
Research
- Foresight for a (product) lifetime: developing a lifecycle- encompassing foresight process
- FFF-Förderprojekt, June 2023 until April 2023
Dealing with discontinuities in the market, changing competitive advantages, and existing information uncertainties in decision-making processes are daily challenges for companies around the world. ... more ...
Persons
Organizational Units
- Liechtenstein Business School
- Entrepreneurship
- Technology & Innovation