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Forecasting New Features and Market Adoption of Wearable Devices Using TRIZ and Growth Curves: Case of Fitness Tracking Products

Author

Listed:
  • Sowmini Sengupta

    (Intel Corporation, Oregon, USA)

  • Jisun Kim

    (Department Engineering of Technology Management, Portland State University, Oregon, USA)

  • Seong Dae Kim

    (Department Engineering and Science Project Management, University of Alaska Anchorage, Alaska, USA)

Abstract

This paper describes the application of a combination of TRIZ and Bass modeling to forecast the technology growth projections for one of the wearable devices, fitness trackers. For the TRIZ modeling, the fitness tracking system was divided into three subsystems and each was analyzed as per the technology trends from current literature. The subsystems’ combined assessment was then visualized via a radar plot. The analysis showed the technology to be in an emergent state with primary growth in the hardware and software subsystem areas. The Bass model showed the market peaking at eight and saturating in 15 years.

Suggested Citation

  • Sowmini Sengupta & Jisun Kim & Seong Dae Kim, 2018. "Forecasting New Features and Market Adoption of Wearable Devices Using TRIZ and Growth Curves: Case of Fitness Tracking Products," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 15(01), pages 1-19, February.
    • Handle: RePEc:wsi:ijitmx:v:15:y:2018:i:01:n:s0219877018500098
    DOI: 10.1142/S0219877018500098
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    References listed on IDEAS

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    1. Frank M. Bass, 1969. "A New Product Growth for Model Consumer Durables," Management Science, INFORMS, vol. 15(5), pages 215-227, January.
    2. Jianguang Sun & Runhua Tan, 2012. "Method For Forecasting Di Based On Triz Technology System Evolution Theory," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 1-20.
    3. C. M. Chang, 2013. "Solving The Us Healthcare Problems: The Action Strategy," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 1-25.
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