Technology Roadmap: Smart Apartments

Abstract

Companies all over the world are facing the pressures of dealing with competition and an endless need to improve on cost-efficiency and cost-effectiveness. Technology companies are particularly facing the challenge of maintaining their competitiveness given the speed of technological advancements. As such, tech companies need to create strategic plans for technology advancement to enable them to deal with the market challenges. A technology roadmap is a tool that companies can use in planning short-term and long-term goals and aligning them with technology adoption and advancement. This chapter is a technology roadmap for ABC Inc. ABC is a technology startup in Portland, Oregon, that provides smart apartment solutions in Oregon and in the US market. In developing this technology roadmap, industry experts were asked to identify the key market drivers in the smart apartment market, the product features, technologies, and resources. The study also identified the gaps in product features, technologies, and resources that need to be addressed. We then used Quality Function Development (QFD) method in mapping the four components using a 4-scale scoring model. Finally, a timeline plan for each of the drivers, product features, technology, and resources is done to indicate the appropriate market timing for deployment.