Gartner, a U.S. Market research firm, has been releasing a yearly hype cycle report since 1995, which tracks the maturity of new technologies. Following the rise of ChatGPT in November 2022, AI technology is now entering a mature phase. Gartner’s Vice President, John Barber, predicts that AI will likely move past the disillusion stage by 2025-2026, leading to practical business applications. He highlights AI agents, which autonomously collect data and achieve set goals, as key to creating business value. Companies like Medtronic are already using AI to significantly reduce cancer misdiagnosis rates. Barber advises Korean firms to partner with global companies for AI transformation instead of developing large-scale models on their own, as collaboration will be crucial in this evolving sector.
Gartner’s Hype Cycle Reveals AI Technology Maturing
Gartner, a well-known Market research firm, releases a ‘hype cycle report’ every year, analyzing the maturity of new technologies. Established in 1995, this report breaks down the Market acceptance of new innovations into five distinct stages. Recent insights highlight that artificial intelligence (AI) technology, notably since the rise of ChatGPT in November 2022, is now reaching a mature stage.
In a recent interview, Gartner Vice President John Barber explained that AI is expected to move beyond the ‘disillusionment stage’ between 2025 and 2026. He anticipates the emergence of practical business applications leveraging AI in various sectors.
The hype cycle identifies five stages of technology development:
1. Triggering Technology
2. Peak of Expectations
3. Stage of Disillusionment
4. Stage of Enlightenment
5. Stabilization of Productivity
Currently, expectations for AI’s transformative potential are at their peak. While there may be skepticism around AI’s capabilities, there are signs of genuine business value beginning to surface. Notably, AI agents—software that autonomously gathers data and meets predefined goals—are projected to become key players in driving productivity and business growth.
In the fast-evolving U.S. Market, successful AI applications are already making significant impacts. For example, Medtronic is using Generative AI to analyze CT scans, reducing the rate of cancer misdiagnosis by 50 percent. These examples highlight how AI can lead to better outcomes in critical fields like healthcare.
For countries like South Korea, Barber encourages forming partnerships with leading global firms to successfully integrate AI technologies. He recommends against trying to develop large-scale language models independently due to the immense financial resources required. Collaborations, such as the partnership between Kakao and OpenAI, are seen as more effective strategies in navigating the complexities of the AI landscape.
As the AI sector continues to grow, identifying and investing in resilient companies will be crucial. The future of AI looks promising, with many opportunities for innovation and collaboration on the horizon.
Tags: Artificial Intelligence, Hype Cycle, Gartner, AI Development, Technology Trends, Business Applications, Generative AI, Healthcare Technology.
What is Gartner’s hype cycle report?
Gartner’s hype cycle report is an annual update that shows the maturity and adoption of various technologies. It helps businesses understand how a technology moves through different phases, including excitement and disillusionment, before becoming widely used.
Why is the hype cycle important?
The hype cycle is important because it provides insight into which technologies are worth investing in and when. By knowing where a technology stands, companies can make better decisions about adopting new tools and trends.
How often is the hype cycle updated?
Gartner updates its hype cycle report every year. This ensures that the information is current and reflects the latest trends in technology and innovation.
Who should use the hype cycle report?
The hype cycle report is useful for a variety of people, including business leaders, IT professionals, and investors. Anyone involved in technology planning or investment can benefit from understanding the potential of new trends.
How can I access Gartner’s hype cycle report?
You can access Gartner’s hype cycle report through their official website. Some reports may require a subscription, but summary insights and key findings are often available for free.
