Every technology before maturing can appeal to many people because of its unique perspectives and newer opportunities but we all know many of them can't survive in the long run so how we can detect these good ideas and can analyze the hype itself? Let's talk about the Gartner Hype cycle.
Understanding how technology is created and transmitted across society is critical to our species' survival. New technology interacts with our physical health, emotional well-being, and ability to earn a living in dramatic, and sometimes frustrating ways.
It’s unavoidable, technologies are coming at us hard and fast, and no one can afford to ignore them.
New technologies are traumatic. There are many field people can stress about like privacy and how new technologies affect human health, mass-people management nobody wants their life to become one of the dystopia worlds so knowing how technology evolves is a big step to protect it from this development. (The Gartner Hype Cycle-Drea Burbank)
Gartner Hype Cycle
When new technologies make bold promises, how do you discern the hype from what’s commercially viable? And when will such claims pay off, if at all? Gartner Hype Cycles provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities.
How do Hype Cycles work?
Each Hype Cycle drills down into the five key phases of a technology’s life cycle.
Innovation Trigger: A potential technology breakthrough kicks things off. Early proof-of-concept stories and media interest trigger significant publicity. Often no usable products exist and commercial viability is unproven.
The peak of Inflated Expectations: Early publicity produces a number of success stories — often accompanied by scores of failures. Some companies take action; many do not.
Trough of Disillusionment: Interest wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.
The slope of Enlightenment: More instances of how technology can benefit the enterprise start to crystallize and become more widely understood. Second- and third-generation products appear from technology providers. More enterprises fund pilots; conservative companies remain cautious.
Plateau of Productivity: Mainstream adoption starts to take off. Criteria for assessing provider viability are more clearly defined. The technology's broad market applicability and relevance are clearly paying off.
Hype Cycles help you:
Separate hype from the real drivers of a technology’s commercial promise
Reduce the risk of your technology investment decisions
Compare your understanding of a technology’s business value with the objectivity of experienced IT analysts (Gartner)