Enabling More Profits Through Strategic Use of Technology Solutions

There are two types of business owners who consider technology differently:

Type I - "The Gadget Person"

This type of owner embraces technology at most levels. They are considered "early adopters" from a technology point of view. The gadget guys were the first ones to get a Palm Pilot in 1995 and loaded all their contacts on the device. They were excited to set appointments and have electronic reminders beep all day long.

Type II - "Just make it work"

This type of owner proudly proclaims that they know very little to nothing about technology and are content to leave it that way. They were wary of email at first, but have come to rely on it quite a bit.

Both types are passionate about their business and could benefit from strategic application of the right technology solutions.

Understand Your Process

Coupled with technology is "process." Process is defined as steps required to manufacture your products or the means to provide your services. A clean and efficient process is the key to applying any technology solution successfully. The wrong, or inefficient process, will lead you to spend $100k on an unnecessary system. The efficient process will save you money when implementing technology and should increase your profits. It is vitally important for your business that you examine all your processes BEFORE implementing any technology solution.

If your process is efficient, then applying a technology solution will automate the operation which will properly enable growth. On the flipside, if your process is inefficient, then applying technology will be costly and likely work against itself. Technology for the sake of technology is not going to solve anything. In fact, without the proper process and strategy, you will likely create problems and reduce your margins by applying the wrong technology solution. A technology "solution" should solve something.

A technology solution should meet at least one of the following four criteria:

1. reduce operating expenses

2. automate existing (efficient) processes to enable growth

3. provide an effective means to communicate

4. enable your business to improve its products and/or services

Before the first dime is spent, insure that your examine these criteria.

Mike Echlin is a 20-year technology veteran who has helped many small businesses optimize their use of technology. Technology is an enabler for profits, period.

Get more helpful info from Mike's blog at http://thefloppydisk.blogspot.com

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Technological Innovation Through Tech Mining For Market Dominance

Innovation means technological change. The technology change results in practical implication or commercialization, it does not mean just generation of ideas. The importance of technological innovation in today's competitive economy is very clear, as today the worldwide economy depends on technology and technological innovation to an extraordinary degree.

Technological innovation plays important role in the economical growth of any country. Us, Japan, and other European countries are developed only due to there technological progress. In recent years, Singapore, India, China and many other countries are advancing dramatically due to technological innovations and progress. High technology companies are a significant and growing component of the economy. The competitive of these companies depends on technological innovations. Innovations improves standard of living. Developments in medical and pharmaceutical technologies have delivered extensive returns in health and life span.

Technological innovation involves tech mining. Tech mining includes understanding the technological innovation processes to track them more effectively and get informed about latest happenings and make valuable business decisions about R&D and subsequent implementation and adoption choices.

Innovation is defined as the process by which technological ideas are generated, developed and transformed into new business products, process and services that are used to make a profit and establish marketplace advantage. A better understanding of the innovation process is essential to figure out empirical measures deriving from innovation activities to generate actionable technological intelligence.

Tech mining is done through data or information extraction from multiple data sources, compilation and analyzing the results and represents key findings in actionable visual representation for easy understanding to what is happening now and predicting the future technologies.

Various types of technology analysis that can be aided by tech mining is as follows:

(A) Technology Monitoring (technology watch) - cataloguing, characterizing, identifying and interpreting technology development activities

(B) Competitive Technological Intelligence (CTI) -exploring out "Who is doing what?"

(C) Technology Forecasting-anticipating possible future development paths for particular technology domains

(D) Technology Road mapping - tracking evolutionary steps in related technologies and, sometimes, product families, technology diversification and technology tree

(E) Technology Assessment - anticipating the possible unintended, direct, indirect, and delayed consequences of particular technological changes

(F) Technology Foresight - strategic planning (especially national) with emphasis on technology roles and priorities

(G) Technology Process Management - getting people involved to make decisions about technology

(H) Science and Technology Indicators - time series that track advances in national (or other) technological capabilities

Reasons to Do Tech Mining

Forecast likely development paths for emerging technologies - identify new products, research or service opportunity
Identify competitors, or collaborators, at the "fuzzy front end" of new product development - keep tract of your competitor's activity for market dominance.
Identify potential customers for your intellectual property ("IP") - new licensing, collaboration, acquisition and merger opportunities.
Discover additional application arenas for the outputs of your R&D - identify how to develop new products and services from your existing business processes, without inventing more.
Gauge market potential for prospective technology-based products and services
Be a wiser consumer of others' science and technology
Manage the risks of technology development and implementation based on better information.

Vinod Kumar Singh
Asst. Manager - IP Informations & Technical Writer - IP/Patent Intelligence
Email: vinod.patent@gmail.com

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Belarus: KGB goes after activists through their social media accounts

AP: "Belarus is undergoing a severe economic crisis, and longtime President Alexander Lukashenko has overseen a sweeping crackdown on opposition and government critics. Authorities routinely block opposition websites using web-filters similar to those used in China. Pro-democracy activists such as those protesting Wednesday routinely use Facebook, Twitter and other social networking websites to support one another and their cause." But one activist says he was arrested this week and only released after he agreed to give the KGB his social media account passwords.





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