Uses of Technology Lifecycles
A technology lifecycle maps out the stages of a product, from when it’s developed to when it’s discontinued, to help companies understand the time and cost to develop a product, when it will recover that cost and become profitable, and when to develop new products for long-term success.
How to create your Technology Lifecycle template
Open the technology lifecycle template in Cacoo.
Before filling in the diagram, make sure you have key information including technologies, products and services, and what user needs you’re solving for.
Fill in the sections for each phase of the lifecycle (develop, grow, maintain, discontinue). Note that the graph at the top of the diagram can’t be edited.
Review the finalized diagram to understand the key stages in your product timeline and inform decisions about strategy, licensing, marketing, and further development.