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Use this template to discuss any topic concerning early adoption—the acceptance of new technology or new way of doing something. Early adopters generally experience higher costs and higher risks but may also gain bigger payoffs such as becoming the leader in their field. This template could be used to make an internal company pitch for taking chance on new technology as way to get ahead of competitor or enter new market. It could also be part of product or service pitch from company offering customers chance at first crack at getting into new technology. Or this could be cautionary or evaluation topic warning about the risks of being an early adopter and recommending waiting for the next version or iteration. Note that Proposal Pack contains the following templates you can use to round out your discussion of early adoption. State of the Art Evolution Future Potential and Next Generation topics. Provide description here of the new technology or methodology under consideration. Describe potential benefits and risks of early adoption. Be as specific as possible and account for all costs involved in switching to the new technology or method. These could include equipment costs costs of down time and training and much more. Also be sure to account for all risks involved. Make your recommendations here.