FD Insights Issue 13 | Page 13

The Rapid Rise of the Early Adopters O ne of the main inhibitors to technology acceptance, and the moving of it from an idea to mainstream, has always been the rate of technology adoption. This has been categorised into 5 main customer types: Innovators, Early Adopters, Early Majority, Late Majority and Laggards. This theory has been in place since 1962 when E.M Rogers defined his “Diffusion of Innovation” theory. However, perhaps it’s time to question whether this theory still holds true in today’s rapidly advancing technological world. Not so long ago, if you were an IT manager in a company and you wanted to investigate some new technology, the process was complex. One needed to do research and find out what options were available in the market. Then you would engage with either a partner or with a vendor in a typical sales process that became a major part of each vendor’s modus operandi. It’s a world where this linear sales process no longer exists. Customers are informed and educated. They are reading or hearing about your company and solution long before they even engage with you. Their sources are no longer your website, but rather blogs, analyst reviews, tweets, peer reviews, user groups and a myriad of other sources where the information finds them, rather than the other way round. In the cloud-first world, the customer also has the ability to try out your solution, usually without even engaging with your business from a sales process. This offers the benefit of many customers experiencing your solution. However, the down side is it does not leave much room for customisation and the nuances of a typical solution sales process. By the time a potential customer decides to actively engage with you, they have probably already made their decision. The ultimate aim of this method of ‘try before you buy’ is to provide the customer with a taste and the ease of experiencing the solution. IN MY OPINION... Kevin Derman These had various names - IBM called theirs SSM or Signature Sales Methodology, Microsoft has the MSSP or Microsoft Solution Selling Technique, etc. What these had in common was a very linear approach to sales and the process that the customer was going through. If you were lucky you would be offered a POC or Proof of Concept, where the vendor or reseller would actually do a mini-implementation in your environment so you could test it out, but even these would take months to implement and required the installation of hardware and software into your environment and weeks of configuration and testing. Most sellers would discount the cost of the POC into the sale if it went through, or charge the customer if it didn’t. Fast forward to the world we live in today. Old This ease of experiencing the technology, coupled with the myriad of information available, in my opinion has to accomplish two things. Firstly, there is an acceleration of the sales cycle. Information, coupled with an ability to trial, puts an individual in a powerful position to make an informed decision. Secondly, the ease of experiencing the solution can only shift the adoption curve in favour of early adoption. If something new comes out, there is very little that stands in the way of experiencing if this is a better feature or product. In summary, I think it’s time for an adoption curve revision. We have moved into the era of ‘ease of experience’. It’s time for the late majority and laggards to shift aside. Let the early adopters lead the way on this accelerated journey towards our digital future. New 5% Innovators Early Adopters 20% Early Majority 40% Late Majority 20% Laggards 15% 11 | www.firstdistribution.co.za