Tuesday 23 August 2016 | Category: App Development Digital marketing Technology
The latest Gartner Hype Cycle for Emerging Technologies illustrates how quickly technology innovations have the potential to redefine buyer, supplier and customer relationships for any business. Gartner added 16 new technologies to the Hype Cycle this year, including block chain, machine learning, general purpose machine intelligence, smart workspace in addition to many others.
The yearly update to the diagram often presents a reminder to the tech world how focused and consumed the sector is why hype. Many technologies are quoted as life changing years or a decade before they actually are usable and in the mainstream. An example are drones. Amazon are creating the idea that they can do drone deliveries but the curve shows drones as not even at the Peak of Inflated Expectations. Drones won’t be delivering your Amazon order any time soon.
There are some key information within the 2016 diagram:
The most interesting addition is the Enterprise Taxonomy and Ontology Management – essentially the categorisation of things. With content search being the issue it is when dealing with big data this potentially has the most B2B impact.
There is a lot of media attention around the AR scene with the success of Pokemon GO and the new VR headsets such as the Vibe and Oculus Rift. The odd one on the list is Affective Computing – encompassing speech and facial recognition (old tech right?) but now adding emotion into the mix.
Driverless cars and drone deliveries are in the news already – although both are suffering to grab the mainstream. Robotics is probably the next transformational technology group to change human existence, the last being the internet. Watch out for the term SmartDust. As a collective term for many new and emerging technologies it hasn’t really had its moment in the sunshine, but it’s only a matter of time.
The Blockchain technology is undoubtedly about to change the financial world. The hyper-secure method of managing and tracking financial transactions should go a long way toward negating financial fraud within the banking and public sector.
Many of these removals are a reflection of some expected trends and technologies just not emerging or becoming consolidated within other tech terms and categories. Wearables is the interesting one, now not seen as new, exciting or having the kind of impact it was imagined a few years ago.
The conclusion we can draw is clear. The tech industry will continue to thrive on hype and the promise of change on the largest magnitude. The man in the street will continue to struggle and identify those technologies that really do have the power to improve their lives. Investors will continue to chase the unicorn start-ups – hoping that it will survive the full Gartner curve and become big exit for them. Next year’s Gartner diagram will arrive and the whole technology debate will begin another cycle.
© Koios Technology Limited. Registered in England and Wales No. 11284873