What is a Technology Assessment?

What is a Technology Assessment?

GUEST POST from Art Inteligencia

A technology assessment is a formal evaluation of a technology’s current capabilities and potential for the future. It is commonly used to determine the viability of a technology for a particular purpose, such as to determine whether a certain technology is suitable for a given project or application. It is also used to assess the potential of a technology to solve existing problems or to create new opportunities.

The technology assessment process typically involves a review of the existing technology, an analysis of its current capabilities and its potential for development, and the identification of potential risks and benefits associated with the technology. This process is often conducted by a team of experts from a variety of disciplines, including technology, engineering, business, and finance.

The technology assessment process can involve both quantitative and qualitative analyses. Quantitative analyses involve the collection and analysis of data related to the technology, such as its performance, cost effectiveness, and security. Qualitative analyses involve the analysis of the technology’s potential to solve problems, as well as its potential to create new opportunities.

The results of the technology assessment are used to make decisions about whether or not to invest in the technology. In many cases, this decision is based on a cost-benefit analysis that takes into account the cost of the technology, the expected return on investment, and the potential risks associated with the technology.

Technology assessments are an important part of the decision-making process for any organization. They help organizations make informed decisions about the technologies they use and the direction they should take in order to remain competitive and successful.

Image credit: Pixabay

Subscribe to Human-Centered Change & Innovation WeeklySign up here to get Human-Centered Change & Innovation Weekly delivered to your inbox every week.

One thought on “What is a Technology Assessment?

  1. Pingback: How to Perform a Technology Assessment | Human-Centered Change and Innovation

Leave a Reply

Your email address will not be published. Required fields are marked *