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Lee, Changyong
Technology and Innovation Management Lab
Research Interests
  • applied data mining and machine learning, technology and innovation management, service engineering

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Business planning based on technological capabilities: Patent analysis for technology-driven roadmapping

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Title
Business planning based on technological capabilities: Patent analysis for technology-driven roadmapping
Author
Lee, S.Yoon, B.Lee, ChangyongPark, J.
Keywords
Citation analysis; Network analysis; Patent analysis; RFID; Roadmapping; Technology roadmap; Text-mining
Issue Date
2009-07
Publisher
ELSEVIER SCIENCE INC
Citation
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, v.76, no.6, pp.769 - 786
Abstract
This research responds to the needs of technology-driven business by focusing on how firms can find new business opportunities based on their technological capabilities. It proposes a technology-driven roadmapping processes that starts from capability analysis for technology planning and ends with business opportunity analysis for market planning. We suggest the use of patent data as a proxy measure of technological capability for this purpose and develop four analysis modules - Monitoring, Collaboration, Diversification, and Benchmarking - to support decision-making during the process. Various analysis techniques such as text-mining, network analysis, citation analysis and index analysis are applied to discover meaningful implications from the patent data, which are summarized in four maps - Actor-similarity map, Actor-relations map, Technology-industry map, and Technology-affinity map. For the purpose of illustration, RFID-related patents are collected and the 18 firms with the most patents used, focusing especially on the third biggest. We believe using roadmapping and patent analysis together can play complementary roles for each other. Putting roadmapping techniques together with patent analysis can increase the objectivity and reliability of technology roadmap, while using patent analysis restricted to technological information together with roadmapping techniques can ensure that a more valuable breadth of strategic information is extracted from patents.
URI
https://scholarworks.unist.ac.kr/handle/201301/8381
DOI
10.1016/j.techfore.2009.01.003
ISSN
0040-1625
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