As the name suggests, Technology Watch analysis provides an overview of the crucial activities that take place in a specific technology. Patracode provides expert analysis reports based on requirements of the clients. Technology Watch involves the process of Capturing and analyzing the relevant data and disseminating and transmitting information and knowledge in a manner to keep the client informed regarding the main developments in a specific technology sector.
Our team has vast experience in generating Technology watch reports in several subject domains. Technology watch is required in most Research & Development departments, to ensure that they are on track with respect to the growth and advancement of technology. This analysis is also known as competitive watch, strategic watch or technology/standard watch. In order to generate technology watch reports, our teams use several resources to get the most recent and trending information on any technology in question. Most resources include scientific journal, patent publications, non-patent literature, etc. There are several strategies that our technology experts incorporate to perform these reports.
Our team first provides an overall description regarding the present scenario of the particular technology using the data that is generated through analysis. The team then advices the clients regarding different strategies that the company may use to grow in that particular stream in terms of Research & Development. Most companies go forward with technology watch to assess their stand in the market. One essential aspect about technology watch is to assess activities of competitors.
Assessing competitors provides a motivation to work towards bigger goals, as growth in technology is a non-stop activity. With respect to the assessment or analysis of the data that is collected, there are few constraints. A technology watch can be dependent on geographical areas, and may differ from one geography to another.
The volume of data to be assessed will differ from report to report as it is based on the frequency at which the searches are conducted to collect relevant data. If the data is limited then the analysis of technology growth or technology scenario may also be limited. In technology watch reports, the Patracode team gives higher importance to scientific journals and non-patent literature as it provides an insight into the most recent developments.
Patent literature takes longer to be available to the public and therefore what is available at a specific time period is based on the latest developments. To get the best exposure into current knowledge, referring to non-patent literature provides a stronger report. The conclusions will differ from report to report as it is based on the requirements of the client and also based on the strategy that is used.
A technology watch report is highly subject to a time period. Due to the speed at which there is advancement in technology, within months, there may be substantial changes in a technology sector. It is always advisable to have yearly reports for companies that are constantly in the process of developing new products.
At Patracode we consider each report with a new strategy. As technology advances, the strategies to analyze these technologies are also revised. Patracode’s team always provides a thorough overview of the present scenario of a technology sector, based on client specific requirements in the most efficient way. We are constantly working towards providing the most comprehensive technology watch report for our clients.