Technology Adoption

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Technology Adoption

By: Somya Agrawal

Technology Adoption
Innovation is a constant in technology as well as business. But all the new technologies and innovations are not accepted or adopted by the people. Technology adoption as a consistent process is the key to enabling hesitant users to successfully adopt and use technology.

Technology Adoption Process

Usage Learning Acceptability Assessment Awareness

Factors Affecting Technology Adoption

Usage Barriers

Infrastructure support Learning Perceived issues with technology

Technology

Perceived benefits Direct Cost Indirect Cost

Cont

Customers

Renewal rate of substituted product Reluctant to change Past experience with similar product

Other Factors

Competing Technologies Suppliers Competitors

Technology Adoption Life Cycle


The original technology adoption life cycle model was developed in 1957 by Joe M. Bohlen, George M. Beal and Everett M. Rogers. Every new technology goes through an adoption life cycle in which certain audience segments adopt the product before others are willing to do so.

Technology Adoption Life Cycle

Technology Adoption in India


A research was conducted by Intuit in collaboration with government of India on MSMEs. About 748 MSMEs of 12 cities were surveyed.

Key Benefits of Technology Adoption

A Survey Report by IAMAI


An all-India survey across 8 cities was conducted among 1,000 B2B sell-side suppliers to see how MSMEs are adopting online B2B marketplaces. The study showed:
All B2B suppliers today use Internet for communication purposes. 73% of the B2B suppliers surveyed use the Internet to run their own website. 55% of B2B suppliers use the Internet to promote their products/ services online. The penetration rates for online B2B marketplaces is 45 50% among MSMEs in India; this will further increase to around 80% in the next 45 years.

Top Barriers to Technology Adoption

Cost

Poor Indias Micro Lack of Infrastructu and Small Awareness re Business

Skilled Manpower

Thank You

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