With the increasing demand for renewable materials both in construction, consumables and energy sectors, the technology options are evolving rapidly. Identifying and selecting the ones which best fit your existing or future business can be extremely challenging. Incorporating a new technology to your business requires a multi angle evaluation process to ensure the best possible transformation can be achieved.
A quick look into the process
To ensure the best possible fit and outcome for your future business, a systematic evaluation process is needed. Looking at technology, economic or market feasibility in isolation can often lead to unexpected failures in business implementation and success of the case. For this reason the process will typically contain three key steps 1. Evaluation of the existing business and operations (Inside view) 2. Identification & Evaluation of potential technologies for the future business case (Outside in view) 3. Selection and recommendations for best fit options.
Understanding the current business (Internal view)
Deep dive into the existing business eco-system and operations including Market & Customer Demands, Raw Materials, Competences, Regulations, Economic Drivers, Technologies, Sustainability and other key existing business influences
Identifying and Evaluating future (External view)
A detailed review of existing and emerging technologies which could have a potential strategic fit with the business. A multi criteria evaluation and ranking process to determine the optimal solutions. Not re-inventing the wheel but picking up best in class and adapting it to the business needs.
Selecting and Recommendations (Combining Internal & External)
Having built a deep understanding of the current business, market position and a detailed evaluation of potential new external opportunities the findings are combined to create the path forward. This path includes road mapping, network building and feasibility studies and support in implementation of the chosen solution.
Lignutech’s approach to the service
Lignutech can help its clients with a variety of different approaches to technology reviews and mapping. Some clients may have a clear view of the technology path they wish to follow while others maybe seeking to move into new production and market areas not typically within their current business strategy. The service and approach can be tailored to the specific needs of the client. It is very important to have structured approach with regular review meetings and engagement with the key stakeholders in the client company. Engagement with other external experts who can provide new and additional insights is encouraged during the projects. Utilisation of online meeting platforms and document sharing tools are used during the projects.
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