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Author:

Daim, T. (Daim, T..) | Bukhari, E. (Bukhari, E..) | Bakry, D. (Bakry, D..) | Vanhuis, J. (Vanhuis, J..) | Yalcin, H. (Yalcin, H..) | Wang, X. (Wang, X..)

Indexed by:

Scopus

Abstract:

Identifying technology trends can be a key success factor for companies to be competitive and take advantage of technological trends before they occur. The companies always work to plan for future products and services. For that, it is important to turn to methods that are used for technology forecasting. These tools help the companies to define potential markets for innovative new products and services. This paper uses text mining techniques along with expert judgment to detect and analyze the near-term technology evolution trends in a Software as a Service (SaaS) case study. The longer-term technology development trend in this case is forecasted by analyzing the gaps between science and technology. This paper contributes to the technology forecasting methodology and will be of interest to those working with SaaS technology. Our findings reveal five trends in the technology: 1) virtual networking, 2) the hybrid cloud, 3) modeling methodologies, 4) mobile applications, and 5) web applications. Among the results achieved, we can summarize the interesting ones as follows: it is possible to say that traditional information systems are now evolving into online information systems. On the other hand, the use of a licensing model based on subscriptions triggers the change in perpetual licensing models. The product range that has evolved toward mobile technologies has put pressure on information storage technologies and has led to the search for new methods especially in the development of database systems. © 2021 by the authors.

Keyword:

Software as a service Technological trajectory Technology trends Text mining SaaS Patent citation Technology forecasting E-commerce

Author Community:

  • [ 1 ] [Daim T.]Portland State University, 1900 SW 4th, Portland, 97201, OR, United States
  • [ 2 ] [Daim T.]Institute for Statistical Studies and Economics of Knowledge (ISSEK), National Research University Higher School of Economics, 11, Myasnitskaya str, Moscow, 101000, Russian Federation
  • [ 3 ] [Bukhari E.]Portland State University, 1900 SW 4th, Portland, 97201, OR, United States
  • [ 4 ] [Bakry D.]Portland State University, 1900 SW 4th, Portland, 97201, OR, United States
  • [ 5 ] [Vanhuis J.]Portland State University, 1900 SW 4th, Portland, 97201, OR, United States
  • [ 6 ] [Yalcin H.]Division of Management Information Systems, Department of Business Administration Faculty of Economics and Administrative Sciences, Ege University, Erzene Mahallesi Ege Üniversitesi Merkez Yerleşkesi, Bornova, İzmir, 35040, Turkey
  • [ 7 ] [Wang X.]Beijing University of Technology, NO.100, Pingle Garden,Chaoyang District, Beijing City, China

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Source :

Foresight and STI Governance

ISSN: 2500-2597

Year: 2021

Issue: 2

Volume: 15

Page: 12-24

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count: 4

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 2

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