Technology life cycle

The Technology Life Cycle (TLC) describes the

commercial gain of a product through the expense
of research and development phase, and the
financial return during its "vital life".
It is concerned with
1.Time and cost of developing the technology
2.Timeline of recovering cost
3. Modes of making the technology yield a profit
proportionate to the costs and risks involved
 Technology Life Cycle
Early Majority =
Pragmatists

Market
Growth
Innovators = Laggards =
Technology Resisters
Enthusiasts The
Chasm

Early Adopters Late Majority =

= Visionaries Followers
Time

Total Product
Expectations

2
 Stages of technological maturity
1. Bleeding edge - shows high potential but hasn't
demonstrated its value
2. Leading edge - proven itself in the marketplace but
still new to find knowledgeable personnel support
it.
3. State of the art - everyone agrees that a particular
technology is the right solution.
4. Dated - still useful but a replacement leading edge
technology is readily available.
5. Obsolete - superseded by state-of-the-art
technology, maintained but no longer implemented.