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Journal of Business Management and Technology Advancement
2024, Volume 2, Issue 1 : 1-8
Research Article
Technology Roadmapping for Future Business Growth
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1
Department of Strategic Technology Management, Global Business Research Institute, New York, USA
2
School of Innovation and Entrepreneurship, University of Melbourne, Australia
3
Center for Digital Transformation and Business Strategy, London Institute of Management Studies, United Kingdom
Abstract

In an era characterized by rapid technological advancements, market disruptions, and increasing global competition, organizations must proactively align technological investments with long-term strategic objectives. Technology roadmapping (TRM) has emerged as a powerful strategic planning tool that enables organizations to identify future technological opportunities, manage innovation, allocate resources effectively, and sustain competitive advantage. This study examines the role of technology roadmapping in facilitating future business growth by integrating market trends, technology developments, organizational capabilities, and strategic goals into a structured framework. Through a comprehensive review of literature and industry practices, the paper explores technology roadmapping methodologies, applications, benefits, challenges, and future trends. Findings indicate that technology roadmapping enhances innovation management, strategic alignment, risk mitigation, and organizational agility. Emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), blockchain, cloud computing, and digital twins are increasingly influencing roadmap development. The study concludes that organizations adopting systematic technology roadmapping are better positioned to anticipate change, foster innovation, and achieve sustainable growth in dynamic business environments.

 

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