technology-assessment

Vocabulary Word

Definition

'Technology assessment' is when you evaluate a new technology before making the decision to adopt it. This is crucial to understand its effects, benefits, costs, and possible risks involved.

Examples in Different Contexts

In investment analysis, 'technology assessment' helps investors evaluate the viability and potential return of tech startups. An investment analyst might say, 'Our technology assessment criteria include market potential, innovation level, and team expertise.'

Practice Scenarios

Sustainability

Scenario:

There's a buzz about this new waste management system. What considerations should we take before implementing it?

Response:

Yes, a technology assessment would help understand its cost, efficiency, carbon footprint, and waste byproducts before we proceed.

Tech

Scenario:

The overheating issue with our servers is affecting performance. Do we have options for a sustainable solution?

Response:

True, before implementing any solution, a technology assessment would help us understand the efficiency, cost-effectiveness, and safety of cooling technologies.