Rogers Innovation Adoption Model: Blockchain, IoT, Healthcare Report
VerifiedAdded on 2022/10/31
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AI Summary
This report examines the Rogers Innovation Adoption Model, a framework developed by Everett Rogers to understand how new ideas and products are accepted by users. The model outlines five stages: innovators, early adopters, early majority, late majority, and laggards. The report applies this model to various technological advancements, including blockchain, the Internet of Things (IoT), and healthcare innovations. It analyzes how each technology aligns with the different stages of the adoption cycle, highlighting the characteristics of users at each stage. For instance, blockchain is discussed in terms of its position in the cycle, with the report noting its evolution from innovators to early majority. The application of the model to IoT and healthcare innovations, such as e-appointment scheduling, is also explored, demonstrating how the model can be used to understand and predict user behavior. The report concludes by emphasizing the model's utility in providing insights into customer behavior and aiding in strategic decision-making for companies introducing new technologies. The report also includes a bibliography of relevant sources.
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