Spotting weak signals considering new technological innovations: An empirical search for appropriate sources Saku Mäkinen Professor of technology management and vice-head of the Institute of Industrial Management, Tampere University of Technology (TUT), Finland. Heini M. Järvenpää Researcher and a Ph.D. student at the Center for Innovation and Technology Research (CITER) in Tampere University of Technology (TUT), Finland. Turo Uskali a visiting scholar at the Innovation Journalism Program at Stanford and a senior research scholar at the department of communication at the University of Jyväskylä in Finland. Jari Ojala Ph.D. professor of history at University of Jyväskylä, Finland. 1 Updated May 11th 2007 1 INTRODUCTION………. ...................................................................... 3 2 THEORETICAL BACKGROUND…...................................................... 4 3 EMPIRICAL STUDY……….. ................................................................ 9 4 RESULTS AND DISCUSSION ........................................................... 10 5 CONCLUSIONS……………………………………………………………..12 REFERENCES 2 Spotting weak signals considering new technological innovations: An empirical search for appropriate sources Innovation journalism is interested in detecting “weak signals”, early indicators of about coming events. This paper considers the problem of searching sources for weak signals when new technological innovations are popularized in the early phases of technological life cycle. This paper reports results of a bibliometric study searching for indicators at the applied research and application phases of technological innovation process. We studied the occurrence of the DVD (digital video disc) in trade publications and general press in the USA. Our results show that popularization of DVD technology in general press follows closely with cumulative adoption figures. However, the study shows that the trade publication sources can be used to obtain early signals on the future of technological innovations. 1 Introduction Innovation journalism is interested in detecting weak signals (Nordfors 2004; Uskali 2005). This paper considers the problem of searching sources for weak signals when new technological innovations are popularized in the early phases of technological life cycle. Traditionally, the search for weak signals has been expert evaluation with cognitive combination of information from multiple sources. But, recent research has suggested that there are predictable patterns in how new technologies and innovations are popularized and how the writing about new technologies proceeds after inventions have been made. For example, bibliometric measures can be used in determining indicators for different technological innovation process phases (Watts & Porter, 1997). They separated the technology life cycle indicators, innovation context indicators, and product value chain indicators. The technology life cycle indicators are widely recognized in current research (Daim, Rueda, Martin, & Gerdsri, 2006; Martino, 2003). This paper reports results of a bibliometric study searching for indicators at the applied research/development and application/societal impact phases of technological innovation process, following Watts and Porter (1997) division of innovation process. We studied the occurrence of the DVD (digital video disc) in trade publications and general press in the USA. The occurrences represent both the technology and the media content, therefore, giving us a view on the whole technology system and its representation of the popularization in the innovation 3 process. We used Lexis-Nexis for searching the sources between 1995 and 2006 and measured trends for both absolute and relative amounts of occurrences. In addition, we compared the popularization of the innovation in the press to the actual adoption of the technological innovation in the marketplace since its inception. Our results show that popularization of DVD technology in general press follows closely with adoption figures growing steadily from the start. However, our study also confirms that trade publication sources can be used to obtain early signals on the future of technological innovations. In this paper we show the existence of sharp rise of popularization and discussion on new technology before it is commercialized and launched to the marketplace. This sharp increase in occurrences also declines rapidly and in the early phases of the adoption dynamics. The paper discusses further the crucial role of selecting the sources for monitoring technological development and innovations. In addition we discuss the possibility of detecting weak signals in technological area specific professional sources like trade publications and how to identify possibly successful future innovations. 2 Theoretical Background Today, there is a growing amount of literature analysing weak signals. After the pioneering work done by Igor Ansoff in business economics, many other disciplines have also become interested in using weak signals as a tool to understand the future. Ansoff wrote his first article about weak signals in the aftermath of oil crisis 1975. He predicted that “discontinuities and surprises will occur with increasing frequency” (Ansoff 1975, 21). April 2007 already over 22 000 academic papers used the very same concept according to Google Scholar (Search done 04.26.2007). Almost all possible disciplines from natural sciences to social sciences and humanities were represented. However, analyse of weak signals in journalistic texts has just only begun. In general, “weak signals” are considered to be early indicators of, “symptoms” of, or “a soft form of information” about coming events. (Ansoff 1975, Ansoff and McDonnell 1990 [1984], Nikander 2002, 24). They are minor events that may have major consequences. The main problem with weak signals is that they are easily missed because they are uncertain and irrational. (Nikander 2002, 23–24). In fact, weak signals can be best analysed only post factum, when we know what “really” happened. As Mika Mannermaa (2004) has noted, “The real wisdom about the weak signals can be acquired only afterwards.” Historical analysis can, therefore, contribute a lot to an understanding of the role played by weak signals. Weak signals are especially considered in the context of technology foresight in this paper. Bibliometric measures can be used in determining indicators for and therefore detecting different technological innovation process phases (Watts & Porter, 1997). Therefore, we should be able to spot signals considering technological advancements with bibliometric means since the technology life 4 cycle indicators can be observed in distinct sources (Daim, Rueda, Martin, & Gerdsri, 2006; Martino, 2003). Earlier research has identified multiple, coherent, repeatable patterns in technological evolution (e.g. Mahajan, Muller, & Bass, 1990; Rogers, 2003). Technological value is being created during the innovation process. This process is not always visible to the end-users of the technology, but has high impact on how the end-product turns out to be and how it proceeds in the marketplace The innovation process is traditionally seen being linear and going through stages of scientific research, development, production, and marketing. The process described like this is true in some cases where there first is the invention itself, like a certain drug or pharmaceutical compound. The other extreme way to see the innovation process is to think of it as a single, market-driven, integrated process (Jolly, 1997). These two approaches can be incorporated into one that sees the innovation process as “a segmented process, where each segment requires an integrated approach to come up with a valuable outcome” (Jolly, 1997). In this segmented view of commercialization of technologies the leading thought is the need to sell the idea to the stakeholders of the next subprocess. Subprocess here means the next process in the process of bringing new technologies to market. Jolly’s incorporated view sees that between the subprocesses there are commercial outcomes rather than research milestones. The stakeholders of each subprocess are the thing that interests us since the stakeholders are important when considering the possible sources in the business environment. Finding the sources that reach the target stakeholders at each phase of the innovation and commercialization process is essential in order to discover where to look for the weak signals at each stage of the process. The stakeholders in each stage of the innovation process can be divided into supply and demand side stakeholders. The supply side includes, for example, colleagues, research partners, providers of venture capital, and suppliers of complimentary technologies. The demand side stakeholders include, among others, customers, end-users, and opinion leaders. The demand side and thus the adoption of the technology/product/innovation is the thing that interests managers. Behind the technology adoption is partly the technology itself and its characteristics. This includes, among others, the usability and reliability of the technology. But the technology itself is not the only thing that affects the speed of adoption. “Diffusion is the process in which an innovation is communicated through certain channels over time among the members of a social system.” (Rogers, 2003) Diffusion describes how the adoption of the innovation increases over time as the communication of the innovation changes. The Bass diffusion model shows that potential adopters of an innovation are influenced by two means of communication – mass media and word of mouth (interpersonal channels) (Mahajan, Muller, & Bass, 1990). The model divides the adopters of an innovation into ‘innovators’ and ‘imitators’ and that the external influence is relatively more important to the innovators (early adopters), and the internal influence to the imitators (later adopters). The need for different kind of influence – internal or external, can be derived from the different characteristics of 5 the categorized adopter groups. Depending on when the person first starts to use the idea or technology, the adopters are classified into five different categories: the innovators, early adopters, early majority, late majority, and laggards (Rogers, 2003). These adopter groups and their relative amount are presented in Figure 1. Figure 1. Adopter Categorization on the Basis of Innovativeness (Adapted from Rogers, 2003) The adopter groups’ names are descriptive but the characteristics of these groups might need a bit more explaining. For the innovators, technology is a particular interest in life and they cope with high level of uncertainty. The early adopters are the opinion leaders and role models when adopting a new innovation. They find it easy to imagine, understand and appreciate the benefits of the technology. The early majority, on the other hand, is seldom the leader in adopting new ideas, but follow with deliberate willingness. They need well-established references before investing substantially. The late majority is the other big category of adopters. They are skeptical and wait till something has become an established standard and prefers to buy from large, well established companies. The laggards, the last group to adopt the technology, are as they sound: they will not have anything to do with the technology unless it is hidden so that it can not be perceived as technology. (Moore, 1999; Rogers, 2003) The different groups act and react differently to the newly introduced technology or innovation. Thus, the different groups need to be approached differently in order to make the adoption of the technology possible (Rogers, 2003). The meaning of external influence is important at the beginning, especially to provide knowledge about the innovation. And according to the innovation-decision model, knowledge is necessary before any adoption can happen. Journalism are perceived as having higher credibility than advertising and company sponsored announcements (Wind & Mahajan, 1987). Thus, media coverage and support is important in spreading the knowledge about the innovation to the future adopters. Pre-launch activities are one way to get media coverage. The timing and ways of preannouncements differ but overall, prelaunch activities target to create a favorable atmosphere for the product launch which would then lead to more rapid adoption of the technology (Wind & Mahajan, 1987). Media coverage and support is assessed critical in reducing the perceived social, psychological, and economic risk (Wind & Mahajan, 1987). It can also be argued that innovation journalists should be interested in the work of innovators and early adopters in order to find new topics for their news stories. 6 Based on above discussion the business environment can be observed through media. The external influence to the demand side, and the “selling the idea” to the supply side can be both observed in proper media sources as journalism is seen to be influential and credible source to communicate the idea. But the sources of media where to observe the business environment are yet to be differentiated. Journalism as a general term covers various sources and levels of information. The sources that are used to communicate the varied information content change according to purpose of the share of information. Different sources have different target groups and thus reach different stakeholders of the technological commercialization process. Watts and Porter (1997) determined the indicators for different technological innovation process concepts that they believe bibliometric measures can obtain. These life-cycle indicators are presented as non-linear, and are widely recognized (e.g. Daim, Rueda, Martin, & Gerdsri, 2006; e.g. Martino, 2003) in current literature. The indicators are often recognized as handy to locate development maturation. Table 1 shows these indicators. Table 1 Technology Life Cycle Indicators (Watts & Porter, 1997) Factor Indicator R&D Profile Fundamental research No. of items in databases such as Science Citation Index Applied research No. of items in databases such as Engineering Index Development No. of items in databases such as U.S. Patents Application No. of items in databases such as Newspapers Abstracts Daily Societal impacts Issues raised in the Business and Popular Press abstracts Growth rate Trends over time in number of items Technological issues Technological needs noted Maturation Types of topics receiving attention Offshoots Spin-off technologies linked Martino continues by explaining how bibliometric methods can be used to determine the technology’s position in its life cycle (Martino, 2003). Martino changed the idea of the life cycle indicators being linear. Figure 2 shows how the hits on relevant sources move from one stage to another forming an identifiable pattern. 7 Figure 2. Bibliometrics estimate of stage of innovation (Martino, 2003) In addition to recognizing the stage of the life cycle, the amount of activity the technology generates in the source can be interpreted as an indicator of success. Based on the models described, early high visibility is necessary in order to sell the idea to the stakeholders in each stage. These life cycle indicators differentiate the proper sources at each stage of the technology commercialization. In the early stages of the technology development the stakeholders are mainly supply-side stakeholders and later, as the development continues towards a ready product, the stakeholders are formed mainly from the demand side. The division of sources according to the life cycle indicators is justified also based on the innovation diffusion model (Rogers, 2003). The professional press source is selected to represent the visibility to the early markets that consists of innovators and early adopters, and the general press is targeted more to the latter innovation adopter groups, the mainstream markets. On the basis of Jolly’s idea of selling the idea of technological innovation to the stakeholders of the next subprocess, the target group for the professional press can also be said to be the developers of the technology. Martino stated that “by observing technological innovation at an early stage in this sequence, it may be possible to anticipate when it will reach later stages in the sequence, or at least provide warning that further developments may follow” (Martino, 2003). In this study, we measure the activity of the writing on the technology in sources pointed out by the technology life cycle indicators. The technology life cycle indicators act not only as indicators but point out the proper sources for the activity measurement at different stages of the technology development. These different sources can also be derived from the idea that different stakeholders are reached at different stage of the innovation commercialization idea. 8 3 Empirical Study The method chosen for the measurement of communication activity was bibliometrics, defined as a general means for measuring texts and information (Borgman & Furner, 2002; Norton, 2000). Bibliometrics is an effecting way to explore, organize and analyze large amounts of historical data, and identify “hidden patterns” (Daim, Rueda, Martin, & Gerdsri, 2006). Nevertheless, bibliometrics have its limitations. Watts and Porter, for example, note that counts do not distinguish quality, and much technological development work is not reflected in publications (Watts & Porter, 1997). Martino (2003), on the other hand, emphasizes that bibliometrics does not eliminate the need for expert analysis although it does ease the task. These limitations, however, can be evaded by employing the method to seek general trends as opposed to specific events. In this study, we are looking for the weak signals to observe the overall development of the technology. In this sense, the method is appropriate for this study although its limitations must be taken into consideration. The bibliometrical study was carried out using the monthly number of articles quoting the DVD (digital video/versatile disc) technology in sources indicated by the life cycle indicators. We selected the applied research and application phases for the target of our study. These are interesting targets, as the indicators suggested for these phases are professional and general press through which the business environment is often observed. The target country for the study was the USA. The technology life cycle indicators gave Engineering Index as an example of the applied research phase so we chose Electronic Engineering Times to represent the applied research phase. Application phase was represented by The New York Times for the indicator list gave newspaper abstracts as a proper indicator for application phase. The names of the technologies were searched from the body text and the search was carried out from material between 1995 and 2006. Only one source was selected from both phases to represent the situation. This was mainly due limited accessibility. Although the statistical value of this study remains therefore limited, these measurements give some guidelines how to measure the activity and detect the weak signals in the future. The selection for the sources was based on best fit. What was meant by best fitting was that the newspaper or magazine should have relatively wide circulation, meaningful content, and suitable target group for the purpose. Also the accessibility formed part of the fitting, meaning that only sources that were accessible for a time period that covered the time just after the launch were considered suitable. The results were assessed by levelling the curves with moving average trend line with the period of five. This made the trend more visible. The trends were compared between different methods, absolute and relative values; and different sources. 9 4 Results and Discussion The abbreviation DVD stands for “digital video disc” or “digital versatile disc”. DVD is a technology for optical disc storage and the standard has widespread support from all major electronics companies, all major computer hardware companies and all major music and movies studios (Taylor, 2006). Some of the early proposals for "high-density CD" were made in 1993, and from those efforts two competing formats emerged: The MMCD format whose strongest back up were Sony and Philips, and the SD format which was backed, for example, by Toshiba, Matsushita and Time Warner. To avoid the confusing and costly repeat of the VHS vs. Betamax videotape battle, a group led by IBM insisted that a single standard should be agreed on. The combined DVD format was announced in September of 1995. (Taylor, 2006) The DVD video player was launched November 1996 in Japan, and soon after in the USA and Europe (Taylor, 2006). Since that, the DVD technology has evolved a lot and so has the market. According to sales figures released by NPDTechworld in 2002, DVD was the fastest-selling product in the history of the consumerelectronics market (Shim, 2002). The sales figures in USA can be seen in Figure 3. The meaning of the agreed standard can not be underestimated. The openness of the product launch aided public awareness of the DVD before it was released. (Sedman, 1998). The present DVD technology has already reached a fairly mature stage in the USA and the sales are declining. But new generation is about to come to the markets. HD-DVD and Blu-Ray are competing to become the next generation optical standard. 25000 Vol (1000s) 20000 15000 *** 10000 5000 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 *** Jan-Sep. 2006 Figure 3. Yearly sales volumes of DVD video players in USA (Adapted from "Consumer Electronics Association: CEA DVD Player Sales", 2006) 10 The results from measuring the activity of writing quoting DVD gave good results in the way that several things can be spotted. The results from the US sources can be seen in Figure 4 and Figure 5. In Figure 4, the first thing to notice is the overall number of hits that reaches much higher numbers in The New York Times (NYT) than in Electronic Engineering Times (EET). But before the end of 1999 there are more hits in EET than in NYT. The curves for the activity of mentioning the technology behave very differently in different sources. The indicator for the applied research, EET, behaves as it was presumed to be behaving: first a rise in activity before any sales was done, and then a falling pattern. The application phase indicator, NYT, also acts similarly to the assumed behavior: a rising trend that follows the sales figures. The noteworthy thing is though that The New York Times can also be thought to represent the social impact phase as the paper can also be classified as popular and business press. In that sense, the rising pattern without a fall is justified. New York Times 140 25 120 100 No. of articles 20 15 10 80 60 n05 n04 n06 Ja Ja Ja n02 n01 n00 n99 n03 Ja Ja Ja Ja n97 n98 Ja Ja Ja Ja n95 Ja n05 n06 Ja Ja n04 n03 Ja Ja n01 n02 Ja n00 Ja Ja n99 n98 Ja Ja Ja Ja Ja n96 0 n97 20 0 n96 40 5 n95 No. of articles Electronic Engineering Times 30 Figure 4. The number of articles quoting DVD in Electronic Engineering Times (left) and New York Times (right). The relative values for the appearance of DVD in NYT and EET can be seen in Figure 5. The relative value means that the number of hits each month has been calculated as a percentage of all articles published in the paper that month. This gives a better perspective to the visibility aspect since the effect of varying absolute number of articles published in the outlet is eliminated. Electronic Engineering Times New York Times 9 1,8 8 1,6 7 1,4 6 1,2 5 11 Ja n05 Ja n06 Ja n03 Ja n04 Ja n01 Ja n02 Ja n99 Ja n00 Ja n95 Ja n96 Ja n05 Ja n06 0 Ja n03 Ja n04 0,2 0 Ja n01 Ja n02 0,4 1 Ja n99 Ja n00 0,6 2 Ja n97 Ja n98 3 Ja n95 Ja n96 0,8 Ja n97 Ja n98 % % 1 4 Figure 5. The relative (percentages of all articles) frequency of articles quoting DVD in Electronic Engineering Times (left) and New York Times (right). From Figure 5 it can be noted that although the number of articles quoting DVD was notably higher in NYT the relative frequency of hits is more than tenfold in EET compared to NYT before the year 2000. After that the relative appearance increases but reaches the maximum of less than 1.6 % while the maximum in EET was almost 8% of all articles. The shapes of the graphs remain similar to the absolute frequency graph (Figure 4.) although the clear descend noted in the EET graph has turned into only slight descend and remains close to the same level with the early peak in 1997-1998. When considering the sales figures and professional electronic source together, we note that the professional EET publishes significant amounts of articles considering DVD years before the commercial success is exhibited in the sales figures. Significant rise in DVD sales figures i.e. the entry into the growth phase of innovation adoption takes place during the 1999. However, EET number of articles considering DVD technology rise rapidly during 1996-1997 period and stabilizes during 1998 to its highest level. In contrast, in NYT we do not see similar patterns, rather the number of articles relates closely to the cumulative sales of DVD players. 5 Conclusions The paper reports study of occurrences of DVD technology in general and trade publication representing both the technology itself and the media content to be used with the technology. Therefore, the study gives us a view on the whole technology system and its representation of the popularization in the innovation process. The results show that popularization of DVD technology in general press, e.g. NYT, follows closely with adoption figures growing steadily from the start. However, our study also confirms that trade publications can be used to obtain early signals on the future of technological innovations. In this paper we show the existence of sharp rise of popularization and discussion on new technology before it is commercialized and launched to the marketplace. This sharp increase in occurrences also declines rapidly and in the early phases of the adoption dynamics. In conclusion, based on our limited empirical basis, we conclude that trade publications, e.g. EET, are appropriate sources for seeking weak signals considering new technological innovations. Limitations of this type of exploratory are of course numerous and provide fruitful avenues for future research. These include widening the data and sources under scrutiny. Also, it might fruitful to study actual content of the news i.e. what type popularization is taking place, what are the thematic trends and in which sources. In summary, trade publications sources may prove to be appropriate in technology forecasting in search of weak signals of future successful technologies, and 12 therefore also useful sources for innovation journalists in popular press. It may also reveal patterns that distinguish successful from or unsuccessful technologies. Saku Mäkinen, PhD, is a professor of technology management and vice-head of the Institute of Industrial Management, Tampere University of Technology (TUT), Finland. Dr. Mäkinen has been previously a Fellow at the Department of Marketing, Faculty of Business Administration, National University of Singapore (NUS). He has also previously been with the Australian Graduate School of Management (AGSM) at the University of New South Wales, Australia. He received his Master of Science degree in Electrical Engineering and PhD in Technology Strategy from TUT. Dr. Mäkinen has been active both in academic and practising roles. His recent academic research has appeared in leading international forums. His professional experience in the industry has included leadership positions in the high-tech sector in addition to consulting a number of international enterprises. His research interests include technology and innovation strategy and management, technology evolution and society, international business, and industry evolution. He has taught under-graduate, graduate and doctoral courses in various subjects in marketing, strategy, technology management, innovation management, and R&D. currently he is also the Director of the Center for Innovation and Technology Research (CITER, http://www.tut.fi/citer) at TUT. Heini M. Järvenpää is a researcher and a Ph.D. student at the Center for Innovation and Technology Research (CITER) in Tampere University of Technology (TUT), Finland. She earned her M.Sc. (Eng.) from TUT in 2006 majoring in Industrial Management. Her research interests include technology and innovation foresight and strategy. Turo Uskali is a visiting scholar at the Innovation Journalism Program at Stanford and a senior research scholar at the department of communication at the University of Jyväskylä in Finland. He has worked with the first Finnish innovation journalism education and research program. He is specialized on foreign news and financial news practices and wrote his doctoral dissertation in 2003 about the work of Finnish correspondents in Moscow 1957-75. He has worked for five years as a national, foreign, business and law reporter for various leading Finnish media outlets such as Yleisradio´s Tv-news (Finnish Broadcasting company), Taloussanomat (the second largest daily business newspaper) and Helsingin Sanomat (the leading Finnish daily newspaper). He has also published, edited and co-edited all together four books about journalism in Finland. Latest one, 2007, tells about the new world of global foreign affairs news. Jari Ojala, Ph.D. professor of history at University of Jyväskylä, Finland. He is also Editorin-Chief in Scandinavian Journal of History. 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