In: Operations Management
According to the Gartner Hype Cycle for emerging Technologies, 2019. If you are to introduce a Flying Autonomous Vehicles , when would be the "right" time to debut your product. Provide reasons to support your decision.
Answer 1) Well in every industry there is a product technology life cycle where the first stage is innovators and last is laggards so as of now the current trend in vehicles that is going the self driving and electric cars. Electric cars are now moved to early majority where companies like Tesla, Toyota, Hyundai etc are brining electric cars in big number and in sector of self driving cars Tesla is the only company having self driving cars under their name and is still in innovator stage and looking from prospect of Flying Autonomous Vehicles from analysis of Gartner Hype Cycle for emerging Technologies, 2019. According to the report hype cycle is further divided into 5 sectors Sensing and mobility, augmented human, postclassical compute and comms, digital ecosystems, and advanced AI and analytics. Which means there are the 5 areas which are developing as a futuristic way of living and with the help of advanced AI and digital ecosystems flying cars can be made but it is very difficult as of now to tell the exact date and from theories prospect as well these 5 areas will not be able to manufacture flying cars. I still believe there is a lot of time for flying cars to be a part of product life cycle.