Since technology and product knowledge have become so globally distributed, companies have started to look outside their own R&D departments for sources of technology and innovation what is now known as “Open Innovation”. Many research oriented companies evaluate the trends across a technology landscape before venturing for R&D in any specific technological field. It makes it easier for these companies to identify the technology areas that have major competition and also those which are relatively free from any competition whatsoever.For any organisation that strives to achieve this, technology scouting has become an essential tool for them. Our tech scouting and open innovation solutions help our clients venture into new technology areas.

At SciSigma , we assist corporations in understanding the markets involved in a particular technology and the latest developments pertaining to the technology area. We carry out technology analysis to help such clients, take critical decisions and device strategies involving the R&D of a product.

In a world where every company wants to be on the forefront of innovation, the need to explore underserved markets or businesses that are outside their core becomes all the more important. A white space analysis helps to uncover these unmet and unarticulated needs to create innovation. This kind of analysis is done to find technology voids where competitive advantage can be gained by bending the R&D in a particular direction so as to block other competitors exploiting those spaces.

Our white-space analysis provides the charts showing the technology growth and white-gap areas where further R&D can be done to carry out incremental innovation for the development of a new product. Our team at SciSigma builds upon a Landscape analysis and determines where the gaps in patented and non-patented literature are.

It’s much easier to launch new products or design marketing campaigns if we know what our competitors’ plans are. To give our clients a competitive edge in the market, our team strategically monitors their competitors, within a specific marketplace and helps them find external intelligence, business information and internal intelligence.. Some of the solutions we provide are competitor profiling, business model analysis, competitor benchmarking, market opportunity analysis, monitoring and forecasting. Our analysis, recommendations and implications enable businesses to make the most of the market opportunities, counter competitive threats, maximize profits and increase market share.