1. How to assess future markets for new technologies?

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Business Finance

Description

WAR quiz 6:

1. How to assess future markets for new technologies?

2. Write a note on technology exploration.

This part of the quiz asks you to create two essay questions and associated answers derived from the assigned chapter of the WAR textbook. You have from assignment open date/time to close date/time to complete this part of the Quiz.

This Quiz needs to reference, specifically, the materials in Chapter 5 of the assigned WAR textbook (Emerging Technologies and Public Policy: Lessons from the Internet). The Q/A content needs to be scholarly (with citations) and must not be plagiarized in any form (zero grade).

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Explanation & Answer

Attached.

Running head: FUTURE TECHNOLOGY MARKETS

Future Technology Markets
Student’s name
University
Year

1

FUTURE TECHNOLOGY MARKETS

2

1. How to assess future markets for new technologies?
Technology is one of the major factors that promote competitive advantage for
companies, thus increasing the productivity of a country. However, yesterday’s technology is not
today’s technology. The factor has become a dynamic and new technologies are emerging day
after another. It is therefore crucial for the companies designing new technological
advancements, to thoroughly assess markets where they are going to supply their products. The
assessment of future markets aims at establishing potential customers of a certain technology
(Marcus, 2015). The assessment can be done through statistical tools such as forecasting. The

method involves the prediction of future outcomes using the current markets results. A company
can be able to predict the number of technological products to sell and where to sell using its
current information.
A company can also assess the demographic trends of a country for it to determine the
potential customers in the future. Demographic trends are ver...


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