Understanding technology convergence became crucial for pursuing innovation and economic growth. This paper attempts to predict the pattern of technology convergence by jointly applying the Association Rule and Link Prediction to entire IPCs related to triadic patents filed during the period from 1955 to 2011. We further use a topic model to discover emerging areas of the predicted technology convergence. The results show that the medical area is in the center of convergence, and we predict that technologies for treating respiratory system/blood/sense disorders are associated with the technologies of genetic engineering/peptide/heterocyclic compounds. After eliminating the majority of convergence, we found the convergence pattern among activating catalysts, printing, advanced networking, controlling devices, secured communication with in-memory system, television system with pattern recognition, and image processing and analyzing technologies. The results of our study are expected to contribute to firms that seek new innovative technological domain.
Bibliographical noteFunding Information:
This work was supported by the National Research Foundation of Korea (NRF) grant funded by the Korea government (MSIP) ( 2013R1A2A1A09004699 ). This manuscript is a modified and extended version of a Korean paper ( Lee, 2013 ) presented at the Korean Institute for Industrial Engineering Conference in November of 2013. It received an award from the Korea National Industrial Convergence Center.
All Science Journal Classification (ASJC) codes
- Business and International Management
- Applied Psychology
- Management of Technology and Innovation