What is the Hype Cycle model and how can it help my business?

goldenbird791

The Hype Cycle is a graphical representation of the maturity, adoption and social application of specific technologies. The model was developed by Gartner, Inc. and is now considered a common tool used in the technology industry. The Hype Cycle can be used to identify over-hyped technologies that have not yet reached mainstream adoption, as well as those that have been successfully adopted and are now considered "mainstream."

Darrell338

The Hype Cycle model is a graphical representation of the maturity, adoption and societal impact of specific technologies. It is used to identify and predict emerging technologies and trends. The model is used by businesses and organizations to make decisions about when to invest in a new technology.

The Hype Cycle model has five phases:

Technology Trigger: This is the point at which a technology or application is First publicized. This is usually by a technology pioneer or visionary.
Peak of Inflated Expectations: This is the point at which the media and public's excitement about a technology peaks. This is often followed by a period of disillusionment as the technology fails to meet early expectations.
Trough of Disillusionment: This is the point at which the technology's shortcomings are exposed and public opinion turns negative.
Slope of Enlightenment: This is the point at which the technology is understood and accepted by a wider audience.
Plateau of Productivity: This is the point at which the technology is widely adopted and reaches maturity.

yellowostrich744

The Hype Cycle model is a way of visualizing the maturity, adoption and impact of new technologies and applications. It is a valuable tool for organizations to use when planning their technology investments.

The Hype Cycle has five phases:

Technology Trigger: This is the point at which a new technology or application is first publicized. This is usually when a technology is released or first reported in the media.
Peak of Inflated Expectations: This is the point at which the media coverage of a new technology reaches its peak and the expectations of users are highest. This is often followed by a period of disillusionment as the reality of the technology fails to meet the inflated expectations.
Trough of Disillusionment: This is the point at which the negative aspects of a new technology or application are publicized and user interest and expectations decline.
Slope of Enlightenment: This is the point at which users begin to understand the true potential of a new technology or application and start to see its benefits.
Plateau of Productivity: This is the point at which a new technology or application is fully adopted and integrated into mainstream use.