What is industry/technology trends analysis?
Industry sectors consist of related organisations, and over time, these organisations will show various trends in their behaviour and in their reactions to external environments. Various segmentations are available for industry sectors, such as the Classification of Economic Activities in the European Community and Standard Industrial Classification (or SIC codes). Technologies relate generally to scientific and engineering activities and products, and their use and impact will be different in different industries, and one technology many be used in many ways within one industry sector. Analysis of the trends brings together historical information, expert opinion on the different subject areas and forecasts of future scenarios. It can be used for background information prior to technology roadmap exercises, input into strategic planning exercises or product portfolio decisions.
