Abstract: It is important job of every government to inject the proper amount of research and development investment regarding the economical situation and develop strategies to enhance the efficiency of the budget. However, in investing such budget, there is a lack of concrete measures and objective grounds that allows each country’s characteristic to assess and reflect. Therefore, in terms of smart services and information security technologies, this study will first examine whether the four objective evaluation indicators (patent activity, patent citation, paper activity and paper citation) which are based on patents and statistics from academic literature have a significant effect on the technology level that is based on the subjective answers of experts. The study then aims to suggest a practical model for evaluating a level of technology based on patent and paper evaluation indicators which has a significant effect on the technology level in the Delphi Survey. Many countrie’s technology level is greatly influenced by patent and paper citations, that is, the product of R&D which is related to the quality of patents and papers. In addition, it was found that Delphi Survey’s values given by experts do have a significant effect on the number of patent applications, patent citations and paper citations but does not present any significant effect on the number of papers. It is believed that this is because the exclusive rights to a patent have a greater direct effect on the market than those of a paper. In other words, a patent application is the ultimate consequence of the products of a technology to exercise exclusive rights in the market. Therefore, all technologies are racing against time for patent applications and filings to secure exclusive rights and win the upper hand. Due to such activities, patents cause a greater effect on the Delphi Survey’s values compared to papers. It is expected that future research will develop a more holistic model of the technology level evaluation of each country that integrates patent and paper indicators through a further comparative analysis of a variety of industries.