Key Business Trends From 2017 Garner's Hype Cycle for Emerging Technologies
While human augmentation is just at the beginning of the innovation trigger phase of the Gartner's Hype Cycle 2017, complementary emerging technologies such as machine learning, blockchain, drones (commercial UAVs), software-defined security and brain-computer interfaces have moved significantly along the Hype Cycle since 2016.
The Gartner Hype Cycle for Emerging Technologies, 2017 focuses on three emerging technology mega-trends: Artificial intelligence (AI) everywhere, transparently immersive experiences and digital platforms.
- Artificial Intelligence (AI) Everywhere: According to Gartner, AI technologies will be the most disruptive class of technologies over the next 10 years due to radical computational power, near-endless amounts of data and unprecedented advances in deep neural networks. These will enable organizations with AI technologies to harness data in order to adapt to new situations and solve problems that no one has ever encountered previously. Also in the realm of AI, machine learning, one of the hottest concepts in technology, has the potential to benefit industries from supply chain to drug research. It will soon become impossible for conventional engineering solutions to handle the increasing amounts of available data. Machine learning offers the ability to extract certain knowledge and patterns from a series of observations.
- Transparently Immersive Experiences: When it comes to transparently immersive experiences, technology is introducing transparency between people, businesses and things. As technology evolves to be more adaptive, contextual and fluid, it will become more human-centric. Besides AR, companies should look to digital workspaces, connected homes, virtual reality and 4D printing in this realm.
- Digital Platforms: As digital business moves away from siloed business ventures and toward interconnected ecosystems, technology is evolving from compartmentalized technical infrastructure to ecosystem enabling platforms. Businesses must think about how to create platform-based business models and what technology is needed to support that move. Apart from Blockchain, other key technologies in this area include 5G, digital twins, IoT platforms and quantum computing.
Some of the key technologies in each of these 3 areas are as follows:
Gartner's 2016 Hype Cycle special report distills insight from more than 2,000 technologies. The Hype Cycle for Emerging Technologies report is the longest-running annual Gartner Hype Cycle, providing a cross-industry perspective on the technologies and trends that business strategists, chief innovation officers, R&D leaders, entrepreneurs, global market developers and emerging-technology teams should consider in developing emerging-technology portfolios.
|Garner's Hype Cycle for Emerging Technologies, 2016 [Source]|
The technologies on Gartner Inc.'s Hype Cycle for Emerging Technologies, 2016 reveal three distinct trends that businesses must track to gain competitive advantage
- Transparently immersive experiences: Technology will continue to become more human-centric to the point where it will introduce transparency between people, businesses and things. This relationship will become much more entwined as the evolution of technology becomes more adaptive, contextual and fluid within the workplace, at home, and interacting with businesses and other people. Critical technologies to be considered include 4D Printing, Brain-Computer Interface, Human Augmentation, Volumetric Displays, Affective Computing, Connected Home, Nanotube Electronics, Augmented Reality, Virtual Reality and Gesture Control Devices.
- The perceptual smart machine age: Smart machine technologies will be the most disruptive class of technologies over the next 10 years due to radical computational power, near-endless amounts of data, and unprecedented advances in deep neural networks that will allow organizations with smart machine technologies to harness data in order to adapt to new situations and solve problems that no one has encountered previously. Enterprises that are seeking leverage in this theme should consider the following technologies: Smart Dust, Machine Learning, Virtual Personal Assistants, Cognitive Expert Advisors, Smart Data Discovery, Smart Workspace, Conversational User Interfaces, Smart Robots, Commercial UAVs (Drones), Autonomous Vehicles, Natural-Language Question Answering, Personal Analytics, Enterprise Taxonomy and Ontology Management, Data Broker PaaS (dbrPaaS), and Context Brokering.
- The platform revolution: Emerging technologies are revolutionizing the concepts of how platforms are defined and used. The shift from technical infrastructure to ecosystem-enabling platforms is laying the foundations for entirely new business models that are forming the bridge between humans and technology. Within these dynamic ecosystems, organizations must proactively understand and redefine their strategy to create platform-based business models, and to exploit internal and external algorithms in order to generate value. Key platform-enabling technologies to track include Neuromorphic Hardware, Quantum Computing, Blockchain, IoT Platform, Software-Defined Security and Software-Defined Anything (SDx).