Technological change is a major factor in gaining competitive advantage in manufacturing industries. Promoting innovation, exploiting technological opportunities and avoiding threats are increasingly important. Firms need to recognise both current and potential future technological advances that can affect their products, services and processes. This paper presents a Technology Intelligence (TI) methodology and toolset, the main purpose of which is to enable companies to monitor and assess technological developments associated with their products, components, processes and other areas of concern. These technology management activities will assist the company in evaluating its environment while taking advantage of technological changes that represent opportunities or threats. The methodology is described in detail and demonstrated using a case study conducted in an aerospace manufacturing firm in the United Kingdom.
High technology enterprises must now continually reduce costs and develop better products and services in order to sustain a competitive advantage in an endlessly changing business environment. High research and development (R&D) costs force high technology enterprises to select more carefully which technologies to invest in. Advanced technology planning tools enable enterprises to make better strategic decisions. Knowledge of the technological changes relevant to an enterprise represents a critical issue in enhancing the performance of that enterprise and sustaining its competitive edge. The creation of an ontology is usually the first step towards a knowledge management system. In this paper, we describe the framework of an ontology-based knowledge management system including design and application at a real case. The proposed system was developed in the Protégé environment, a generic system that is applicable to a variety of domain applications.
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