Strategic Analysis of the Commercialization Potential of a Novel Algorithm

An evaluation of the commercialization potential of a novel algorithm with applications in many industries was conducted. The results of the evaluation indicate that the medical imaging industry offers the best opportunity for the algorithm based on the algorithm’s performance attributes and the needs of the medical imaging market. The Computed Tomography (CT) and the hybrid Computed Tomography-Positron Emission Tomography (CT-PET) market segments are the optimal market alternatives for pursuing commercialization. A partnership with a major medical imaging equipment OEM is the most attractive commercialization path available to the algorithm as it offers an opportunity for long-term success.