Economic Factors Affecting Technology Adoption
Prior Technology Drag - A prior technology provides significant network benefits because of a large and mature installed base.
Irreversibility of Investments - Adoption of the technology requires irreversible investments in areas such as products, training, and accumulated project experience.
Sponsorship - A single entity (person, organization, consortium) exists to define the technology, set standards, subsidize early adopters, and otherwise promote adoption of the new technology.
Expectations - The technology benefits from an extended period of widespread expectations that it will be pervasively adopted in the future.