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Kicking off your semester project!

  1. Research: Innovation Today: Emerging Technologies Market Landscapes & Meta Trends

III. Goal today: Choose 2 Existing Broad Industries that interest you, next week define Emerging Technology Market Segment that you are interested in for your semester project, research emerging industry & technology trends and meta-trends

II. Background:

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Reflection & Gathering Data for industries & technologies

  • What broad industries defined by NAICS codes that I find interesting

  • What are the emerging technologies that interest me?

  • What technologies have affected this emerging industry?

  • Within an emerging industry, what product segments interest me?
  • How big is this segment and what is it growth rate?
  • What is the right problem to work on?
  • Where can I look for inspiration for my idea?

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Front-end of this approach looks like this!

Not knowing where your research is taking you is OK

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Where to begin?

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Key is follow your curiosity!

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DESIGN THINKING

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First consider high level industry

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Research: What is an “emerging technology market”?

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What are meta trends?

  1. Megatrends 2020-2030

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Cheat sheet: Mega Trends affecting student projects

Sharing Economy/Collaborative Consumption

AI/Chat GPT

Reuse/upcycle

Green tech

Skill sharing - Gig Economy

Internet of Things

DIY (Do-it-yourself) economy

Responsive

Hacker Mindset

Democratization of everything

Crowdsourcing

Customization

3D printing

Community-led

Local movement

Accessibility

Social connection

Immersive Media

3D Modeling

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AI is your friend (Chat GPT & Bing Co-pilot)!

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Where good ideas come from?

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DESIGN THINKING MINDSET

INNOVATION PROCESS

BEGINNERS MINDSET

CURIOUS MINDSET

CREATIVITY MINDSET

ENGINEER MINDSET

SOLUTION-FOCUSED MINDSET

MAKER MINDSET