Assignment: Two loops of innovation and technology analysis
For each question from 1 to 10, please write an answer in not more than 3 lines. Please provide a reference(s) for each of your answers. It should be a secondary source with a link accessible to the reviewer like on a Wikipedia page. It is ok to guess the answer but please mention that it is a guess and whether it is an informed guess.
Marks: 20
Late submission penalty: TBD
Topics selection:
1. Pick an innovative product or service where technology plays an important role. Make sure it is not chosen by other students already. Let the product/service be such that it got launched in the last 10 years. Please don't choose a company or a technology, choose a product or a service. Update your choice in this Google sheet. Please select a unique topic, i.e. don't choose a topic already taken up by another student.
2. Pick an emerging technology (not chosen by other students in the class).
2-loops assumptions (total marks: 10)
1. Write the basic idea of this product/service. What was unique about it? (marks: 2)
2. Write one assumption for each type (need, feasibility, scale, profit) associated with this idea. (marks: 2)
3. For each assumption mentioned in (2), identify one activity performed by the innovator(s) to validate it. (marks: 2)
4. For each activity mentioned in (3), guestimate cost and speed as low, medium, or high. Write one line justification for each guestimate. (marks: 4)
Technology analysis (total marks: 10)
5. For the identified technology, identify 4 distinct use cases (marks: 2)
6. Identify at least 2 companies/people with patents or other intellectual property rights. (marks: 2)
7. Identify 2 key performance parameters of this technology. Mention how these performance parameters have improved in the last 3 to 5 years. (marks: 2)
8. What is the cost of this technology? how has it changed in the last 3 to 5 years? (marks: 2)
9. What is the adoption maturity of this technology currently? Mention the market assumed. Identify 2 factors impacting the adoption. (marks: 2)
