1. Technology Life Cycle Model
The Technology Life Cycle Model shows the journey a technology takes, from birth to eventual death and the stages in between. Understanding the Technology Life Cycle helps companies predict when they will be able to recover the investment they put into development, and when to plan for new projects. Technology Life Cycles roughly map to the market adoption curve so that the evolution of a given technology moves through the customer adoption phases of Early Adopters, Visionaries, Pragmatists, Conservatives and Laggards.
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2. Technology Life Cycle Model
Pragmatists
Incubate
Scale
Maturity
Discontinuity
New concepts or ideas being tested in the market
Hypergrowth, gaining consumer acceptance
Will established, widely used offerings with low growth
Declining sales, alternative offerings or competitors taking market share
Core Technology
Products, Services & Business Models
Customer Needs Addressed
Visionaries
Conservatives
Early Adopters
Laggards
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