Special Issue Article
A Review on Recent Developments in Technology Forecasting
Technology forecasting (TF) is essential for responding to the emerging needs of private and public sector organizations in the highly competitive global environment.TF is an important research and development (R&D) policy issue for both companies and government. Vacant TF is one of the key technological planning methods for improving the competitive power of firms and governments. A number of models and techniques have been developed to deal with technology forecasting. In general, a forecasting process is facilitated subjectively based on the researcher’s knowledge, resulting in unstable TF performance. This paper reflects the importance of technology forecasting, techniques employed for TF and recent developments in TF especially using patent analysis by investigating the various work carried out by different authors that progressed in this area.