Technology Watch

A process that empowers an organisation to conduct an organized, selective, and ongoing procedure for gathering, selecting, analysing, and disseminating information.

According to the Observatory for Industrial Technology Foresight, technology watch is a structured system for searching, detecting, and analysing the environment to transmit information and knowledge continuously to be aware of the main activities in their sector. It led to the systematic identification of opportunities for modernisation and technology transfer as an activity to be incorporated within the management model of all EU companies.

The implementation of a technology watch system in an organization can yield numerous benefits, including:

  • Anticipation of changes and expectations in the analysed environment.
  • Encouragement of the creation of new ideas, proposals, and R&D+i
    projects.
  • Compliance with norms and regulations.
  • Identification of potential collaborators.
  • Enhancement of decision-making processes.

Technology Watch process

The Technology Watch process is developed through the following cyclical and ‘self-feeding’ steps:

1. Identifying needs and sources of information

2. Planning the implementation of surveillance and intelligence

3. Searching and processing information

4. Valorisation of the information

5. Communication and storage

6. Results and decision-making

Tech Grow Project
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