Technology intelligence (TI) aims to identify technological opportunities and threats that could impact a company's future growth and survival. It involves capturing and disseminating technological information for strategic planning and decision making. As technology lifecycles shorten and businesses globalize, effective TI capabilities are important for understanding changes in the external environment, facilitating strategic thinking, and enhancing a company's ability to respond to changes. TI can be internal, through a technology audit of a company's assets and capabilities, or external, through technology mapping. The purpose of a technology audit is to collect information on a company's technological level, understand its needs and capabilities, and prepare recommendations and an action plan to offer relevant services to help the company.