Industry Trend Tracking and Technological Advancements Template
More product-development templates
Keep your company ahead of the curve with this comprehensive template for tracking industry trends and technological advancements in the fast-paced engineering software industry. This template guides you through establishing a dedicated trend tracking team, setting up reliable sources of industry news, defining key technology focus areas, and much more.
By following the steps outlined in this template, you can ensure your company remains competitive and well-informed about the latest developments in the industry.
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Industry Trend Tracking and Technological Advancements in Priority Matrix
Stay competitive by tracking and analyzing industry trends and technological advancements in engineering software.
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Proposed Tasks
High Impact, Immediate
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Task 1: Establish a dedicated team for trend tracking due in 1 week
☐ Identify key members ☐ Define roles and responsibilities ☐ Provide necessary training -
Task 2: Set up a reliable source of industry news due in 2 weeks
☐ Identify relevant publications ☐ Set up Google alerts ☐ Subscribe to industry newsletters -
Task 9: Review and update the trend tracking process due in 3.5 months
☐ Evaluate the effectiveness of the process ☐ Make necessary updates
High Impact, Long Term
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Task 3: Define key technology areas for focus due in 3 weeks
☐ Identify core technologies ☐ Determine potential growth areas -
Task 4: Develop a process for reviewing and analyzing trends due in 1 month
☐ Create a trend analysis framework ☐ Establish a regular review schedule -
Task 10: Organize an industry trends workshop for the team due in 4 months
☐ Prepare workshop materials ☐ Organize a venue ☐ Conduct the workshop
Low Impact, Immediate
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Task 5: Establish a system for disseminating information internally due in 1.5 months
☐ Set up an internal newsletter ☐ Organize regular trend briefing meetings -
Task 6: Create a database for storing and accessing trend information due in 2 months
☐ Identify a suitable database system ☐ Set up the database ☐ Create a process for updating the database
Low Impact, Long Term
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Task 7: Develop a strategy for leveraging trends in product development due in 2.5 months
☐ Identify opportunities for product enhancements ☐ Develop a roadmap for implementing enhancements -
Task 8: Set up a system for monitoring competitor activity due in 3 months
☐ Identify key competitors ☐ Establish a process for tracking their activities ☐ Create a competitor database