Wednesday, February 15, 2023

Diffusion Theory

 What is the The Diffusion of Innovation model? | Smart Insights

When looking at a key innovation that truly played an important role in American society, it is important to realize the essential idea behind the innovation diffusion theory. The innovation I focused on was the personal computer. The first personal computer, the Altair 8800, was released in 1974 and provided people with the means of using a computer at a more affordable cost. It was much smaller than the computers at the time which also made it appealing to people.

Microsoft co-founders Bill Gates and Paul Allen then purchased the rights to the computer and created Microsoft's first product, the Altair BASIC. It was the only personal computer on the market for all of the year 1975. It was then dethroned by the TRS-80 in 1977 and from then to 1995, the IBM PC Compatible was the main personal computer, completely dominating the market.

Time went on and more and more companies build their own personal computers, companies as Dell, Apple, Acer, HP, Lenovo, and Asus. And today there are so many options to fulfill any technological need you have. Whether it's a full computer, a laptop, a tablet, or a phone. They all have infinite capabilities.

As a result of the invention of the Altair personal computer, life itself took a leap forward. The personal computer contributed heavily to the creation of businesses, and millions upon millions of jobs. While that's an incredibly positive effect, there is a big negative side-effect, which is that once that invention was made, our obsession with technology was truly born.

Now, today we can't get enough of our technology, our lives practically revolve around it. It's absolutely a problem, so bad that it's a growing possibility that artificial intelligence and technology will run the world, leaving us in the dust.

Benefits of having tech watch for competitive intelligence | Netscribes


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