Journal of Research and Development
Open Access

Editorial Note on Technology Life Cycle

Ashish Raj^{* *}Correspondence: Ashish Raj, Department of Educational Research, University of Delhi, New Delhi, India, Email:

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Editorial

The Technology life-cycle (TLC) portrays the business gain of an item through the cost of innovative work stage, and the monetary return during its "indispensable life". A few advances, like steel, paper or concrete assembling, have a long life expectancy (with minor varieties in innovation fused with time) while in different cases, like electronic or drug items, the life expectancy might be very short. The TLC related with an item or innovative help is not the same as item life-cycle (PLC) managed in item life-cycle the executives. The last option is worried about the existence of an item in the commercial center regarding timing of presentation, advertising measures, and business costs. The innovation fundamental the item might be very minor however the most common way of making and dealing with its life as a marked item will be altogether different.

The innovation life cycle is worried about the time and cost of fostering the innovation, the timetable of recuperating cost, and methods of making the innovation return a benefit proportionate to the expenses and dangers implied. The TLC may, further, be secured during its cycle with licenses and brand names looking to extend the cycle and to augment the benefit from it.

The Technology Life Cycle is very not the same as the item life cycle as the existence pattern of item manages the presentation of the item at the commercial centre, though the existence pattern of the innovation centres on the different phases of the innovation in the improvement of the item and use of innovation in the business processes. It additionally bothers the part of the business gains of the innovation utilized in the business cycle or an item. The life expectancy of the innovations relies upon the idea of the items and the business processes. Like the advancements like steel, concrete assembling or paper have the bigger life expectancy though the innovations of electronic machines or drug have the generally short life expectancy.

The Technology Life Cycle is for the most part worried about the time and cost of fostering the creative style of innovation that gives another edge to the business with the variable of upper hand. It nags the parts of the time needed for recuperating the expenses brought about and on the off chance that the approaches of making the innovation are creating the benefits required and proportionate to the expenses and dangers implied in making it.

Phases

The 4 periods of the technology life cycle are:

1) Research and development phase

2) Ascent phase

3) Maturity phase

4) Decline phase

The advancement of a serious item can significantly affect the whole lifecycle of the innovation making it bigger or more limited. Additionally, the deficiency of protected innovation privileges through spillages, loss of mystery components or case can make the Technology life cycle more limited lessening its life expectancy.

The administration of the Technology life cycle is one of the most vital and basic business processes and a significant part of the innovation improvement. The reception of innovation is perhaps the most widely recognized facet that drives the development of ventures alongside the existence pattern of the different businesses.

Stages

The 4 phases of Technology life cycle are:

1) Innovation stage

2) Syndication stage

3) Diffusion stage

4) Substitution stage