Written assignment

Technology Life Cycle

Terry J Freeman 

Thomas Edison State University

27 August 2017

Technology Life Cycle

Introduction

The technology life cycle (TLC) depicts the expenses and benefits of an item from mechanical improvement stage to market development to possible decline. Innovative work or Research and Development (R&D) costs must be counterbalanced by benefits once an item comes to the market. Changing item life expectancies imply that organizations must comprehend and precisely extend returns on their R&D speculations in light of potential item life span in the market. Because of the level at which technology is increasing, items, for example, the Fitbit remains essential when it comes to improving people’s body shape and watching weight (Bayus, 2008). Fitbit is the technology that I chose to describe its life cycle in this paper.

Fitbit Aria Wi-Fi Smart Scale

As more current innovation has helped move weight administration intercessions out of the facility and research focus and into the home (e.g. through Internet, cell phone and other innovation based projects), it is progressively essential to recognize substantial methods for results estimation that can be directed without expecting members to go to face to face appraisal visits. The cost of developing the Fitbit is a bit high because it is likely to take time however, its advantages outweigh its cons. Fit bit is accurate, easy to use, simply integrated with smartphone to improve its functionality and it also looks great (McNeill, 2015).

Looking at the Fitbit Aria in-situ, one would basically understand that it is a typical measuring scale, and an entirely beautiful one for that matter. It comes in either a white or dark complete and its best is a solid section of 0.3inches thick glass, giving it a smooth look and feel that a person barely gets with most lavatory scales (McNeill, 2015). At first we expected the glass was there to help the muscle to fat ratio ratios estimation, however it is entirely to give enhance quality. Notwithstanding, we envision the scale will look like it in most any lavatory – to generalization we may propose dark for exercise center fixated “fellows” and white for those who would rather let the Fitbit Aria liquefy into lavatory lino (McNeill, 2015).

Adding to the stylized approach, the Fitbit Aria utilizes a splendidly round opening style display of fresh, brilliant LEDs. Practically it functions admirably, giving great clearness – and in a moderately cutting edge item it carries with it a somewhat retro kitschy feel. The underside of the Fitbit Aria has an emblazoned circles design, while four feet support its base. In the focal point of this back is the place where the battery cover sits. The battery is likely to last for over 6 months. It is astounding to discover that the Aria needs only four AA batteries to work, given its moderately propelled remote network or wireless connectivity.

The TLC is worried about the time and cost of building up the innovation, the course of events of recuperating expense and methods of making the innovation return benefits (McNeill, 2015). The innovation life cycle demonstrates the trip your innovation takes. The process must follow the below procedure:

· Research and Development - During this stage, dangers are taken to put resources into mechanical advancements (McNeill, 2015).

· Ascent Phase - This stage covers the time span from item development to the time when out-of-take costs are completely recuperated (Trancossi, 2015).

· Maturity Stage - As the new development winds up noticeably acknowledged by the all-inclusive community and contenders enter the market, supply starts to exceed request.

· Failure (or Dwindling) Phase - The last stage is the point at which the utility and potential incentive to be caught in delivering and offering the item starts plunging (Trancossi, 2015).

Conclusion

It is evident that the success of technology life cycle is determined by a number of factors. Fitbit is another technology that is designed using the best approach ever to address these factors. It is expensive very easy to use, simply integrated with smartphone to improve its functionality and it also looks great. However, regardless of the hard work that most companies employ, a technology such as this may reach a point when it becomes obsolete. Luckily there is dependably a chance to improve the Fitbit body scale one has developed and create something new and superior products to one’s initial technological accomplishments (McNeill, 2015). For instance, considering the above model, a department entity with another item must consider the size of interest in R&D, the anticipated life cycle the innovation will probably improve, and the path in which clients will receive the Fitbit body scale will also improve. The innovation life cycle speaks to the business side of things here. In any case, customers ought not to be disregarded either. All things considered, it is a person’s readiness to receive new innovation that will determine the success of the life cycle of any given technology.

References

Bayus, B. (2008). An Analysis of Product Lifetimes in a Technologically Dynamic Industry. Management Science, 44(6), pp.763-775.

Trancossi, M. (2015). A response to industrial maturity and energetic issues: a possible solution based on constructor law. European Transport Research Review, 7(1), 1-14.

McNeill, D. (2015). Using person-centered health analytics to live longer: Leveraging engagement, behavior change, and technology for a healthy life. Upper Saddle River, New Jersey: Pearson Education.