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6.3Technology Strategy and Business Industry
Learn MOT (management of technology), which leverages technology as a management resource, innovation that brings disruptive change, the technology roadmap that lays out future technology development, and practical AI applications including IoT, machine learning, deep learning, CNN (convolutional neural network), and generative AI, plus business systems such as POS and EDI, e-business such as e-commerce and fintech, and JIT, which eliminates waste in production.
In technology strategy and business industry, it helps to first grasp the big picture of how to leverage technology in management (MOT, innovation, roadmaps), then broaden out to the concrete AI technologies that have grown more prominent in recent exams, and finally to the business systems (POS, EDI, etc.) specific to each industry.
6.3.1MOT and innovation
- MOT (Management of Technology) is a management philosophy for connecting technical strength to business results and corporate value. It refers to managing through the barriers in commercializing technology—often described as the "devil's river," the "valley of death," and "Darwin's sea"—where strong technology can still fail to become a successful business.
- Innovation is creating unprecedented value through the reform of technology or mechanisms. Distinguish sustaining innovation, which merely improves existing products, from disruptive innovation, which disrupts and replaces existing markets and products. A technology roadmap is a plan diagram, laid out along a time axis, showing the technologies a company should hold or acquire and when and into which product/business they will be deployed—it connects technology strategy to the business plan.
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