Using factor analysis to develop verification process of IT emerging technologies

Wan Ki Kim, Kyong Joo Oh

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

For advancement of emerging technologies, financial and human resources have been invested for a few decades as the technologies become more important to ensure a nation to stay competitive in the world market. However, if emerging technologies do not develop despite huge investment, it would cause a huge national loss. Therefore, it is necessary to predict future of the emerging technology for reduction of the loss. Furthermore, it is more important that the growth potential of the predicted technologies and the appropriateness of the prediction method are evaluated. This study proposes to develop a verification process to evaluate the technology against prioritizing of the technology predicted in past using factor analysis because decision making related to investment for the technology is demanded. The prioritizing is the result obtained through AHP analysis as a part of the 2003 Prioritization and Selection project that was carried out in South Korea in 2003. In the verification process, clustering method is also used to consider the change of technology after time flow. We focused only on the field of electronic device technology in order to enhance the immediate and practical applicability of our study.

Original languageEnglish
Title of host publicationNISS2010 - 4th International Conference on New Trends in Information Science and Service Science
Pages696-702
Number of pages7
Publication statusPublished - 2010
Event4th International Conference on New Trends in Information Science and Service Science, NISS2010 - Gyeongju, Korea, Republic of
Duration: 2010 May 112010 May 13

Publication series

NameNISS2010 - 4th International Conference on New Trends in Information Science and Service Science

Other

Other4th International Conference on New Trends in Information Science and Service Science, NISS2010
CountryKorea, Republic of
CityGyeongju
Period10/5/1110/5/13

All Science Journal Classification (ASJC) codes

  • Information Systems and Management

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  • Cite this

    Kim, W. K., & Oh, K. J. (2010). Using factor analysis to develop verification process of IT emerging technologies. In NISS2010 - 4th International Conference on New Trends in Information Science and Service Science (pp. 696-702). [5488527] (NISS2010 - 4th International Conference on New Trends in Information Science and Service Science).