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Technical Competitive Intelligence System: An Innovation and Technology Management Tool
Abstract
The recent skyrocketing costs of innovation have become a severe limiting factor for companies’ internal development of innovation. Open innovation comes as a sounding solution to investments ensuring type, variety, and needed pace in innovation. Open innovation, however, implies the efficiency of a supporting framework to search, gather, and mobilize external technical information into a company. In this chapter, the author proposes and describes the processes and functionalities of a TCI system, conceived to support open innovation processes. The proposed TCI system follows the classical logic of intelligence systems and takes into account the nuances inherent to a technical information intelligence system. The system is also contextually linked to open innovation to show functionality and play a critical role in the implementation of an effective innovation strategy whether of product or service companies.
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