At MineIT we provide technology road mapping service (TRM). TRM is a very flexible and powerful approach widely used in industry for strategy planning and integrating business and technology.
Roadmaps forecast future market directions, technological developments, and help to make strategic decisions. Generally, roadmaps are used to answer three fundamental questions: (a) Where are we going? i.e. what are our vision, mission, objectives, goals and targets etc. (b)Where are we now? i.e. present state of technology, products, markets etc., and (c) How can we get there? i.e. policy measures, action plans, R&D programs, long-term & short-term strategies etc.
Roadmap helps to provide a framework for future innovations in a number of key technology areas and ensure that investment in technology and research is linked to the business drivers and market trends. TRM provides a framework to link business and product plans directly to technology by establishing linkages between technological and commercial functions.
Product technology roadmaps require close co-operation between the marketing, product development and R&D functions. Roadmaps can facilitate decisions of resource allocation and ensure better investment decisions in the right technologies over the lifecycle of products and businesses.
In today’s competitive business environment it is critical to make the right decisions at the appropriate time. Roadmaps also assist in filtering alternate technological options and as a result of this process decision makers can focus on promising technologies.
TRM applications include business strategy development, policy formulation, product and technology planning, strategic planning, understanding technology trends, keeping track of product & technology breakthroughs, and prioritization of R&D and product development projects. Technology roadmaps are also used for enhancing communication and information sharing within a company or entire industry, defining problems and needs, identifying barriers and hindrances, investigating technology and market GAPs, establishing future vision and strategy, deciding short and long-term action items, assessing impacts of new technologies and market development, and helping mangers for decision making, resource allocation, program/policy support, and evaluation.
MineIT consulting company can support the development and implementation of integrated strategic business, product and technology plans, providing companies have the information, process and tools to produce them.