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The relationship between technology, business model, and market in autonomous car and intelligent robot industries

Title
The relationship between technology, business model, and market in autonomous car and intelligent robot industries
Authors
Yun, J.J.[Yun, Jinhyo Joseph]Won, D.[Won, Dong Kyu]Jeong, E.[Jeong, Eui Seob]Park, K.[Park, Kyung Bae]Yang, J.[Yang, Jeong Ho]Park, J.[Park, Ji Young]
DGIST Authors
Yun, J.J.[Yun, Jinhyo Joseph]; Yang, J.[Yang, Jeong Ho]
Issue Date
2016
Citation
Technological Forecasting and Social Change, 103, 142-155
Type
Article
Article Type
Article
Keywords
Artificial IntelligenceAutomobileAutonomous CarBusiness DevelopmentBusiness ModelingCausal Loop DiagramsCitation NetworksCommerceIn-Depth InterviewsInformation ManagementInnovationIntelligent RobotIntelligent RobotsKnowledge Based EconomyKnowledge Based SystemsModelingOpen InnovationPatent StatisticsPatents and InventionsRoboticsRobotsScience and TechnologyStandardizationTechnological DevelopmentTechnology-Bm-Market Causal Loop Diagram
ISSN
0040-1625
Abstract
This study develops a new innovation diagram based on three elements - technology-business model (BM)- market - for characterizing the knowledge-based economy and open innovation. It identifies the relationship between technology, business model, and market through analysis of in-depth interviews with Korean firms that belong to the autonomous car and intelligent robot industries at first. It develops the Casual Loop Diagrambased on the dynamic relationships between technology-BM-market. In developing this diagram, regulations, standards, and leading firm effects were consideredwhichwere caught at the interviews. The technology-BM-market systemcausal loop diagramwas proven through the analysis of technology, and business model patent statistics, and the reference and citation networks among these patents from worldwide in 2 industries. It identifies the importance of the business model in addition to 3 factors identified in this research, the leading firm effect, standardization, and regulation. The research suggests new market increase strategies and policies which are based on technology-BM-market diagram in technology intensive industries such as autonomous car and intelligent robot industries. This study develops a new innovation diagram based on three elements - technology-business model (BM)- market - for characterizing the knowledge-based economy and open innovation. It identifies the relationship between technology, business model, and market through analysis of in-depth interviews with Korean firms that belong to the autonomous car and intelligent robot industries at first. It develops the Casual Loop Diagrambased on the dynamic relationships between technology-BM-market. In developing this diagram, regulations, standards, and leading firm effects were consideredwhichwere caught at the interviews. The technology-BM-market systemcausal loop diagramwas proven through the analysis of technology, and business model patent statistics, and the reference and citation networks among these patents from worldwide in 2 industries. It identifies the importance of the business model in addition to 3 factors identified in this research, the leading firm effect, standardization, and regulation. The research suggests new market increase strategies and policies which are based on technology-BM-market diagram in technology intensive industries such as autonomous car and intelligent robot industries. © 2015 Elsevier Inc.
URI
http://hdl.handle.net/20.500.11750/2305
DOI
10.1016/j.techfore.2015.11.016
Publisher
Elsevier Inc.
Related Researcher
Files:
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Collection:
Division of IoT∙Robotics Convergence Research1. Journal Articles


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