Technology Cycle (Essay Sample)
The focus on the third part of this project is to write a 2-3 page (350 words per page) paper in APA format addressing the following topics below for the new technology or application selected in the previous written assignments. You should also include as part of this paper any acknowledgements and resources used (e.g., websites, textbooks, articles). Each written assignment should include four or more references.
•Develop and describe a technology lifecycle model (including the time and cost of development, the amount of time to recover the cost, and return on investment (profit) based on the development costs and risks) and/or product lifecycle model (including timing, marketing measures, and costs associated with the life of a product) for the new technology or application
•The acceptance process as it relates to the technology or product lifecycle
Date of Submission
It is important to note that teleportation is a new technology that has not been introduced to the market. It follows that innovators of the project should understand the technology life cycle for the technology because it will hint to the innovators how the product will perform in the market. The same innovators should also understand the product life cycle for teleportation owing to the reality the product life cycle defines the future of a product. The term technology life cycle could be elucidated as the significant gain of a product from the expenses incurred in research and development to the return on investment from the product (Stark 2015). From the definition, it is clear that the technology life cycle for teleportation should include the acceptance process of the technology. It follows that this paper discusses the technology and product lifecycle for teleportation in addition to the acceptance process of the technology.
Technology Life Cycle
The technology life cycle begins with the research and development stage, proceeds to the ascent phase, then the maturity stage, and ends up in the decline phase (Stark 2015). However, the teleportation is still under the research and development phase of the technology lifecycle. This owes to the reality that recent development in teleportation reveals that scientists teleported information up to a distance of 143 km. It is notable researchers have been studying teleportation with an aim of transferring information from one point to another without physically moving the information. Specifically, researchers have been studying teleportation from 1998, but the latest development (on 143 km) occurred in 2012 (Ma et al., 2014). It follows that the entire cost for developing the product is not yet known because the technology is still in the research and development process. Nonetheless, it could be deduced that the time for research and development of teleportation is approximately seventeen years.
It is notable that the technology lifecycle stage of teleportation implies that the cost for research and development are unknown. However, Jin et al., (2014) argue that the progress for the research has consumed an estimated five hundred thousand dollars. It is also notable that the research is promising implying it will have a positive return on investment. As evidence, teleportation is expected to replace the current internet technology in transferring information from one point to another. This implies that the project will quickly replace the current internet technology because the technology is expected to be highly secure. In simple terms, the teleportation is a disruptive technology because it is expected to replace the current internet technology. It is also crucial to highlight that the project is expected to pay off in the first two years after implementation (Chau, H. F., and Lo, 1996). It is because exchanging information between people is integral in the current society, which translates to the fact that a large fraction of the glo...
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