Product analysis explained

Product analysis involves examining product features, costs, availability, quality, appearance and other aspects. Product analysis is conducted by potential buyers, by product managers attempting to understand competitors and by third party reviewers.[1] [2]

Product analysis can also be used as part of product design to convert a high-level product description into project deliverables and requirements. It involves all facts of the product, its purpose, its operation, and its characteristics.

Techniques

Related techniques include product breakdown, systems analysis, systems engineering, value engineering, value analysis and functional analysis.[3]

Technology analysis

See also: Strategic intelligence, Situational awareness and Innovation management. Technological analysis is sometimes applied in decision-making often related to investments, policy-decisions[4] and public spending. They can be done by a variety of organization-types such as for-profit companies,[5] non-profit think tanks, research institutes, public platforms and government agencies[6] and evaluate established, emerging and potential future technologies on a variety of measures and metrics – all of which are related to ideals and goals such as minimal global greenhouse gas emissions – such as life-cycle-sustainability, openness, performance, control,[7] financial costs, resource costs, health impacts and more. Results are sometimes published as public reports or as scientific peer-reviewed studies. Based on such reports standardization can enable interventions or efforts which balance competition and cooperation[8] and improve sustainability, reduce waste and redundancy,[9] or accelerate innovation. They can also be used for the creation of standardized system designs that integrate a variety of technologies as their components.[10] Other applications include risk assessment and research of defense applications.[11] They can also be used or created for determining the hypothetical or existing optimal solution/s[7] and to identify challenges, innovation directions and applications.[12] Technological analysis can encompass or overlap with analysis of infrastructures and non-technological products.

Standard-setting organizations can "spearhead convergence around standards".[13] A study found that, in many cases, greater variety of standards can lead to higher innovativeness only in administration.[14] Tools of technology analysis include analytical frameworks that describe the individual technological artefacts, chart technological limits, and determine the socio-technical preference profile.[15] Governments can coordinate or resolve conflicting interests in standardisation.[16]

Moreover, potentials-assessment studies, including potential analyses, can investigate potentials, trade-offs, requirements and complications of existing, hypothetical and novel variants of technologies and inform the development of design-criteria and -parameters and deployment-strategies.[17] [18] [19] [20]

See also

Notes and References

  1. Web site: Product Analysis.
  2. Web site: Product Analysis.
  3. Web site: Diploma in Project Management - How to Define a Product Analysis. lmit.edu.au. en-AU. 2017-05-08.
  4. Book: Future-Oriented Technology Analysis . 2008 . 10.1007/978-3-540-68811-2 . 978-3-540-68809-9 . en-gb. Cagnin . Keenan . Johnston . Scapolo . Barré . Cristiano . Michael . Ron . Fabiana . Rémi .
  5. News: Gigafactories: Europe tools up against US and Asia as a car battery force . 27 October 2021 . BBC News . 14 June 2021.
  6. Weinberger . Nora . Decker . Michael . Fleischer . Torsten . Schippl . Jens . A new monitoring process of future topics for innovation and technological analysis: informing Germanys' innovation policy . European Journal of Futures Research . December 2013 . 1 . 1 . 1–9 . 10.1007/s40309-013-0023-4 . 11912338 . en . 2195-2248. free .
  7. Jakubaszek . Anita . Stadnik . Artur . Technical and Technological Analysis of Individual Wastewater Treatment Systems . Civil and Environmental Engineering Reports . 1 March 2018 . 28 . 1 . 87–99 . 10.2478/ceer-2018-0008. 2018CEER...28a..87J . 54578649 . free .
  8. Van Wegberg . Marc . Standardization Process of Systems Technologies: Creating a Balance between Competition and Cooperation . Technology Analysis & Strategic Management . 1 December 2004 . 16 . 4 . 457–478 . 10.1080/0953732042000295784 . 219645198 . 0953-7325.
  9. Web site: One common charging solution for all . Internal Market, Industry, Entrepreneurship and SMEs - European Commission . 19 October 2021 . en . 5 July 2016.
  10. Book: Zhou . Hong . Liu . BingWu . Dong . PingPing . Computer and Computing Technologies in Agriculture V . The Technology System Framework of the Internet of Things and Its Application Research in Agriculture . IFIP Advances in Information and Communication Technology . 2012 . 368 . 293–300 . 10.1007/978-3-642-27281-3_35 . Springer . 978-3-642-27280-6 . en. free .
  11. Affan Ahmed . Syed . Mohsin . Mujahid . Zubair Ali . Syed Muhammad . Survey and technological analysis of laser and its defense applications . Defence Technology . 1 April 2021 . 17 . 2 . 583–592 . 10.1016/j.dt.2020.02.012 . 213597813 . en . 2214-9147. free .
  12. Monika . R. . Samiappan . Dhanalakshmi . Kumar . R. . Adaptive block compressed sensing - a technological analysis and survey on challenges, innovation directions and applications . Multimedia Tools and Applications . 1 January 2021 . 80 . 3 . 4751–4768 . 10.1007/s11042-020-09932-0 . 224993325 . en . 1573-7721.
  13. Book: Narayanan . Vadake . Baburaj . Yamuna . Oxford Research Encyclopedia of Business and Management . Technology Standardization in Innovation Management . 31 August 2021 . 10.1093/acrefore/9780190224851.013.340 . 978-0-19-022485-1 . en.
  14. Zhou . Xin . Shan . Miyuan . Li . Jian . R&D strategy and innovation performance: the role of standardization . Technology Analysis & Strategic Management . 3 July 2018 . 30 . 7 . 778–792 . 10.1080/09537325.2017.1378319 . 205638231 . 0953-7325.
  15. Wyk . Rias J. Van . Technology analysis and R&D management . R&D Management . 1990 . 20 . 3 . 257–261 . 10.1111/j.1467-9310.1990.tb00715.x . en . 1467-9310.
  16. Kwak . Jooyoung . Lee . Heejin . Fomin . Vladislav V. . Government coordination of conflicting interests in standardisation: case studies of indigenous ICT standards in China and South Korea . Technology Analysis & Strategic Management . 1 August 2011 . 23 . 7 . 789–806 . 10.1080/09537325.2011.592285 . 42482650 . 0953-7325.
  17. News: Yirka . Bob . Model suggests a billion people could get safe drinking water from hypothetical harvesting device . 15 November 2021 . Tech Xplore . en.
  18. Surinaidu . L. . Rahman . Abdur . Ahmed . Shakeel . Distributed groundwater recharge potentials assessment based on GIS model and its dynamics in the crystalline rocks of South India . Scientific Reports . 3 June 2021 . 11 . 1 . 11772 . 34083557. 10.1038/s41598-021-90898-w . 8175507 . 2021NatSR..1111772F . en . 2045-2322.
  19. Book: Brahmi . Nabiha . Chaabene . Maher . IREC2015 the Sixth International Renewable Energy Congress . Sizing optimization tool for wind/Photovoltaic/Battery plant considering potentials assessment and load profile . March 2015 . 1–6 . 10.1109/IREC.2015.7110962. 978-1-4799-7947-9 . 37130046 .
  20. Ermolenko . Boris V. . Ermolenko . Georgy V. . Fetisova . Yulia A. . Proskuryakova . Liliana N. . Wind and solar PV technical potentials: Measurement methodology and assessments for Russia . Energy . 15 October 2017 . 137 . 1001–1012 . 10.1016/j.energy.2017.02.050 . en . 0360-5442.

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