Pros of Bleeding Edge

Bleeding edge refers to new products, services and concepts introduced in the market by some firms but have not yet undergone performance testing. Despite the improvements and returns these new technologies offer, they risk performing poorly and unexpectedly for the general public. One example of bleeding edge technology is the use of holograms for presentations and in advertising.
  1. Improved Technology

    • The introduction of bleeding edge technology to the market, in most cases, means improved product functionality and efficiency. In the IT world, for example, the release of software into the market as a cutting edge product offers the promise of new functions and applications. An example of this was the introduction of grid computing, which improved computing power at reduced costs by combining a number of computers working toward a common goal.

    Competitive Advantage

    • An enterprise that has just released samples of bleeding edge technology and products tends to gain a competitive advantage in the market. However, this is only true if the product indeed proves useful to the users and is successfully introduced and integrated into the market.

    Consumer Advantages

    • Some organizations, especially software developers, present to the public bleeding edge technology in the form of open source software for free. The fact that these products are free to the public attracts people who benefit by sampling the new products and comparing them to previous offerings. Users have the opportunity to examine the improvements in the new products or decide whether these upgrades are necessary or not.

    Enterprise Advantages

    • The public that samples free bleeding edge products also benefits the entrepreneurial company. These benefits are in the form of information regarding flaws and irrelevant features of the product launched into the market. From this information, the company can know what to change in the product before its official launch.

Learnify Hub © www.0685.com All Rights Reserved