Technology Lifecycle Management

Technology Lifecycle Management (TLM) is the process of overseeing a technology's journey from its initial development through its growth, maturity, and eventual decline. In the context of innovation and technological strategy, TLM helps organizations maximize the value of their technologies by planning for upgrades, ensuring they stay competitive, and determining when to phase out outdated tools. By effectively managing this lifecycle, companies can improve efficiency, reduce costs, and foster innovation, ultimately aligning their technological capabilities with their business goals and market needs.