Identifying potentially disruptive trends by means of keyword network analysis

Fefie Dotsika and Andrew Watkins

Technological Forecasting and Social Change, 2017, vol. 119, issue C, 114-127

Abstract: Identifying potentially disruptive technologies is crucial to safeguarding competitive advantage by enabling stakeholders to assign resources in a manner that increases the chances of exploiting the disruption and/or mitigating the ensuing risks. However, disruptive technologies and emergent trends within known disruptive domains are mostly identified ex-post. This paper contributes to the ex-ante prediction of emergent technologies within disruptive domains by proposing a literature-driven method for the forecasting of potentially disruptive technological trends. It adopts a keyword network analysis and visualisation approach for uncovering emergent thematic, structural and temporal developments within publications and applies it as a forecasting tool to an empirical study of seven disruptive domains: 3D Printing, Big Data, Bitcoin, Cloud Technologies, Internet of Things, MOOCs and Social Media. Maturing trends were found to share influential common topics identified by high degree, betweenness and closeness centrality scores. Niche and potentially emerging trends within groups were detected by means of eccentricity and farness metrics. Visualisation techniques were found effective for further clarification and trend identification. Finally, potentially disruptive trends within domains were found to be associated with high closeness paired with low degree centrality. The findings were distilled into a framework for assisting the forecasting of potentially disruptive trends.

Keywords: Disruptive technologies; Emerging technologies forecasting; Keyword network analysis; Trend forecasting (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:119:y:2017:i:c:p:114-127

DOI: 10.1016/j.techfore.2017.03.020

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