The importance of complementary assets in the development of smart technology

M.R. Sheen, J.C. MacBryde

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

Smart technology covers a broad area of inquiry from complex devices utilizing optoelectronics and sensors for monitoring structural integrity to research into molecularly intelligent materials. Much smart technology is still embryonic, but promises considerable benefits in a wide range of industry sectors. Two years ago the first Smart Structures Research Institute was inaugurated at the University of Strathclyde, in Scotland, to stimulate the development of these new technologies in Europe. This paper explores the options for developing the technology within different industry sectors. The authors discuss the nature of 'demand' in innovation and demonstrate that an awareness of 'complementary assets' is important at a very early stage of the innovations process. The Institute's successes in bringing together partners in collaborative research, establishing a communication network and exploiting different public funding schemes at different stages of research are all important ways in which it has influenced the dynamics of innovation. The authors conclude that assessing the future prospects of a research institute must include a number of market and organisational issues as well as technical inputs, and that the process of assessment itself serves as a further influencing factor on future direction and focus.
LanguageEnglish
Pages99-109
Number of pages10
JournalTechnovation
Volume15
Issue number2
DOIs
Publication statusPublished - Mar 1995

Fingerprint

Innovation
Intelligent structures
Intelligent materials
Structural integrity
Optoelectronic devices
Telecommunication networks
Industry
Complementary assets
Monitoring
Sensors
Integrity
Sensor
Future directions
Organizational issues
Influencing factors
Public funding
Communication networks
Collaborative research
Scotland
Innovation process

Keywords

  • complementary assets
  • smart technology

Cite this

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The importance of complementary assets in the development of smart technology. / Sheen, M.R.; MacBryde, J.C.

In: Technovation, Vol. 15, No. 2, 03.1995, p. 99-109.

Research output: Contribution to journalArticle

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