DESIGN JOURNAL
Thoughts & Musings
Product development can be challenging, and it is hard to avoid uncertainty. Product innovation based on new technology introduces more risk to this endeavor. Don’t let new technology scare you. By taking a proactive approach to technology development and maturity, before initiating product development, you can avoid common missteps and reduce time to market.
This article introduces three key milestones for assessing technology readiness before starting product development.
Many entrepreneurs and organizations fail to recognize the difference between technology development and product development. In many cases, they lack the mindset and tools needed to ascertain if and when a key technology is sufficiently mature for product development. The results can be disastrous for all involved.
Technology Readiness Levels (TRLs) are a useful tool that can provide a framework and a common language for systematically assessing a technology’s maturity. It helps teams characterize the risk posed by the technology if it is included in product development. With this knowledge, a design team is better equipped to plan a successful product development roadmap.
What are Technology Readiness Levels? This article sheds light on this useful tool…
Entrepreneurs and enterprises aspire to change the world with a compelling new product or platform that leverages an exciting new technology. In an effort to accelerate development and reduce time to market, many design and engineering teams attempt to complete technology development in parallel with product development. This approach sounds very appealing since a parallel technology-product development path promises a quicker return on investment. But…
Our world is increasingly powered by rechargeable batteries. As engineers and designers, the decisions that we make during product development regarding power management, battery type, integration and implementation strategy can have a consequential impact on the success of the product and your ability to achieve your business goals. Nothing kills a successful product launch faster than…
When entrepreneurs think of launching the ‘next big thing’ they often think in terms of creating a ‘revolutionary’ product. Something that will impact people’s lives in a profound way. We aim high with a plan to leverage cutting edge technologies in this new product.
Learn how a technology with a long history of saving lives in automobile crashes is being re-purposed to help big wave surfers and steep/deep snow enthusiasts push the boundaries in the action sports world.
