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Advanced Methods: Identification of Promising High-Tech Solutions with Semantic Technologies: Energy, Pharma, and Other Industries

In: Innovation Discovery Network Analysis of Research and Invention Activity for Technology Management

Author

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  • Irina V. Efimenko
  • Vladimir F. Khoroshevsky

Abstract

A novel approach to trend monitoring and the identification of promising high-tech solutions is presented in the chapter. It is based on the ontology of a technology/market trend, Hype Cycles methodology, and semantic indicators which provide evidence of a maturity level of a technology as well as of emerging user needs (customer pains) in high-tech industries. This approach forms the basis for text mining software tools implemented in Semantic Hub platform. The algorithms behind these tools allow users to escape from getting too general or garbage results which make it impossible to identify promising technologies at early stages (early detection, weak signals). Besides, these algorithms provide high-quality results in the extraction of complex multiword terms which correspond to technological concepts and user pains forming a trend. The methodology and software developed as a result of this study are applicable to various industries with minor adjustments.

Suggested Citation

  • Irina V. Efimenko & Vladimir F. Khoroshevsky, 2018. "Advanced Methods: Identification of Promising High-Tech Solutions with Semantic Technologies: Energy, Pharma, and Other Industries," World Scientific Book Chapters, in: Tugrul Daim & Alan Pilkington (ed.), Innovation Discovery Network Analysis of Research and Invention Activity for Technology Management, chapter 16, pages 431-469, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781786344069_0016
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    More about this item

    Keywords

    Bibliometrics; Technology Management; Patents; Innovation; Scientometric; Network Analysis; Network Tools;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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