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Managing the Technology Life Cycle - a Contextual Approach to Analysis

Blair, Garry and Grant, Venetia and Woodcock, Helen (2020) Managing the Technology Life Cycle - a Contextual Approach to Analysis. Journal of Advanced Research In Engineering & Technology, 04 (01). pp. 1-5. ISSN 2456-7841

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Abstract

Organisations need to understand and manage the technology life cycle in order to deliver their business objectives. Technology and systems have an increased role in all organisational forms. Failure to realise the benefits here can have severe impact on these entities and, in the case of the emergence of disruptive technologies in the sector, the business can be destroyed and customers move to competitors, who have embraced these technologies - for example the UK travel industry, evidenced by recent high profile failure [1]. The critical role of IS and IT in the value chain has increased the importance of good management of this area. This paper considers the main factors for managing the life cycle, in terms of the implementation, support, renewal and disposal of technology. This is based on analysis of key literatures and an empirical study of technology leadership in energy sector projects. The aim is to improve understanding and awareness of this critical area, providing insights into these factors, which are categorised as 'evolutionary' and 'revolutionary'. These factors are viewed as 'drivers' of the technology life cycle, creating its character and duration also embracing the 'triggers for change', promoting the replacement of the technology and recommencement of the cycle. The critical stages are discussed with the contextual influences, in order to analyse this area, discerning the relevant rationale, as summarised in a conceptual model. Recommendations for good practice are elicited from this study in terms of identifying the key decisions and thus analysing and managing technological change.

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