At the heart of Open Innovation lies
Technology scouting is a process of analysing and finding a way from the available information to predict and build a new technology with the purpose of strengthening the company’s patent portfolio. To adapt with the technology evolution the company must innovate on a regular basis to remain on top of the pyramid.
Continuous research and development is required to investigate alternative solutions to the existing problems or to find a new technological solution.
The primary objective of scouting is analysing the characteristic parameters or challenges in a technology, locating all possible solutions to the challenges and analysing the feasibility of the solutions to the challenges in line with a company’s internal capabilities.
TT Consultants has been involved in projects associated with technology scouting. We have extremely qualified domain experts with higher degree holders having experience analysing wide range of technologies, collaborations and licensing opportunities.
Further, we also have AI / ML powered in-house repository for automatic analysis and extraction of relevant data with a one step solution.
Non-availability of a single-point search engine for Scouting
No integration with recent AL & ML-based analysis technologies
Higher cost for Manual analysis
Resource identification for connection and collaboration
Devoting time and resource for scouting
Maintenance of portfolios
Availability of domain research experts with right skillset
Predicting the Market, Business and Investment risk
Lack of availability of technology monitoring and alerting system
An enterprise’s is continuously innovating and expanding to achieve growth and success. Before planning the expansion, it is necessary for an enterprise to overcome the challenges and also to evaluate the internal and external strength and weakness corresponding to the zone.
This exercise helps and guides the company to prevent the future investment loss. To avoid such huge loss, we analyse the evolution of technology over the years and provides an effective insight regarding the promising technologies having growth opportunities.
We here at TT consultants, provide effective insights relating to the identification of promising technology and its branches, its evolution over the years along with the pioneers, competitors' activity, market and business intelligence with the anticipation of the enterprise’s growth.
Further, we have created an AI/ML powered Tool as a one click solution for finding the relevant information.
Generally, an enterprise regularly tries to improve the product efficiency. The improvement process takes place by overcoming the existing challenges that a product is facing. While working on the improvement process, some company may not achieve the desired result as expected.
TT Consultants provides feasible solutions for the challenges faced by industries using a Triz based approach. We perform reverse engineering and fragment technologies into different segments or challenges followed by investigation of solutions in the cross domains as well.
Furthermore, the offered solutions are analyzed from feasibility perspective so that there is high chances of its practical implementation within the industry.
A company’s R and D Team continuously innovates to enhance the quality of the products and process for dominating the industry.
In some cases, the R&D Team may depend on the external resource for the knowledge and innovation relating to the alternative feasible solutions for the challenges.
We at TT consultants are providing guidance for licensing or buying opportunity through a list of potential external resources like individuals, universities, research institutes and SME having in IP protection for the solution.
We use our XLSCOUT Tool for analyzing the IP activity in a technology and creating a list of promising external resources for collaborations in an effective way.
Explore, analyze and identifying the feasible opportunities for growth and expansion of business and IP Portfolio.
We provide an in-depth search approach to identify potential prospects for the research and development through merger and collaboration.
Understanding the requirements and devising a search strategy
Discovering the feasible solutions for the challenges
Accessing the technology gaps and whitespace analysis
Locating the promising area and analysing the associated opportunities and threats
Evaluating the market and business intelligence in the promising arena
Uncovering the mergers and collaborations between existing resources and technology transfers
Identifying the availability of potential resources for collaborations
Technology Scouting is an exhaustive process of analysing the existing Intellectual Property and commercial market resource for identifying a new feasible way to build a portfolio.
The major problems are identifying feasible solutions, identifying list of potential collaboration resources, lack of knowledge for performing Scouting activity and lack of available tools.
The cost for performing technology scouting ranges between few hundred dollars to few thousand dollars, depending upon the client’s requirement and complexity of the domain. The technology scouting report is customisable based on the requirement of the client.
An enterprise with an intension to expand their business in a new area, an enterprise planning to enhance the product quality would request for scouting.
Technology scouting is generally performed by the hybrid approach of manual analysis and automatic analysis by the tool.
One such tool is XLSCOUT – In house developed repository powered by Artificial Intelligence and Machine Learning Approach for obtaining relevant IP scouting data in a single place.
Scouting analysis is performed by segmenting the technology of interest into sub technologies, characteristics and applications.
Further the process proceeds with analysing, mapping and performing analytics for the segmented IP and Non IP knowledges to obtain information relating to technology evolution, competitor analysis, technological gap, opportunities for growth and available list of potential resources or collaboration's.
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