Technology Adoption Rates

January 6, 2021

Today’s graph is messy at first glance.  After you read my comments, simply click on the larger version to review in-depth.  The colored lines show how fast different technologies have been adapted over time.

Here are a few of my thoughts:

–In general, we adopt technology pretty rapidly in the US.
–Look for the number of people and adoption percentages. In America, we have a supermajority of all people who have adopted and use all kinds of technology.
–The pace of adoption is speeding up.  Any new technology in the 2000s has had a meteoric adoption rate.

All this leads me to say: more to come.  Keep using new technology because the pace is going to get even faster—especially in commercial real estate.

Email me if you want to discuss this any further.

Craig
602.954.3762
ccoppola@leearizona.com




Source: Comin and Hobijn 2004 and others

Click here to view the graph larger.

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