Abstract
The awareness of emerging trends is essential for strategic decision making because technological trends can affect a firm’s competitiveness and market position. The rise of artificial intelligence methods allows gathering new insights and may support these decision-making processes. However, it is essential to keep the human in the loop of these complex analytical tasks, which, often lack an appropriate interaction design. Including special interactive designs for technology and innovation management is therefore essential for successfully analyzing emerging trends and using this information for strategic decision making. A combination of information visualization, trend mining and interaction design can support human users to explore, detect, and identify such trends. This paper enhances and extends a previously published first approach for integrating, enriching, mining, analyzing, identifying, and visualizing emerging trends for technology and innovation management. We introduce a novel interaction design by investigating the main ideas from technology and innovation management and enable a more appropriate interaction approach for technology foresight and innovation detection.
Highlights
Technological developments have an essential impact on strategic decision making in companies [16]
We introduce the related work in trend mining and trend and text visualization and try to correlate technology and innovation aspects to bridge the areas of analytics, visualization and technology management to gather a more appropriate picture of the interaction design in this context
If innovation-driven companies ignored emerging technological developments, they may not tap the full potentials of their own products or technologies
Summary
Technological developments have an essential impact on strategic decision making in companies [16]. We start our paper with a literature review investigating the works in the areas of trend mining from text and visualization of trends These aspects are crucial to understand the background of the introduced analytics system for technology management and foresight. Thereafter, based on our previous work [36], we introduce the transformation process of raw data to interactive visualizations that enables the process of decision making through detection of unknown patterns that is the main foundation of this work Introducing this approach is crucial to understand the interaction design that is a dedicated approach for gathering innovations and technologies in early stages. The interaction design approach is our main contribution and is a dedicated analytical interaction design approach for technology and innovation management
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