Gartner, a Market research firm, has released its annual hype cycle report, detailing the life stages of emerging technologies, including artificial intelligence (AI). Since the introduction of ChatGPT in November 2022, AI has moved into a more mature phase. Gartner predicts that AI will transition out of the disillusionment stage around 2025-2026, leading to more practical business applications. John Barber, a Gartner Vice President, highlighted AI agents as key players in generating business value. In the U.S., companies like Medtronic are already using AI to significantly reduce cancer misdiagnoses. Barber urges Korean firms to collaborate with global companies instead of trying to develop large-scale AI models independently, emphasizing the need for strong partnerships to succeed in the evolving AI landscape.
Gartner’s 2023 Hype Cycle Report Highlights AI Technology Maturation
Gartner, a well-known Market research firm, has been publishing its ‘hype cycle report’ annually since 1995. This report breaks down the journey of new technologies into five phases, from initial arrival to full Market acceptance. According to their recent findings, artificial intelligence (AI), particularly after the launch of ChatGPT in November 2022, is now entering a more mature stage.
In an interview, John Barber, a Vice President at Gartner, shared that AI technology is likely to move past the “disillusion stage” between 2025 and 2026. This means that we can expect to see viable business applications for AI emerging soon. The hype cycle illustrates a journey that begins with the rise of a new technology, peaks with high expectations, dips into disappointment, and eventually leads to a productive stage where the technology really starts to deliver.
Barber explained that “AI Agent” software, which can autonomously gather data and accomplish set tasks, is among the technologies most capable of driving business value in the near future. While he acknowledged that developing AI agents will take time, he believes they will eventually enhance productivity by acting independently.
In the U.S., where AI adoption is advancing rapidly, many companies are already realizing the benefits of these technologies. For instance, Medtronic has successfully utilized generative AI to analyze CT scans, significantly lowering cancer misdiagnosis rates.
For South Korean businesses to thrive in AI development, Barber suggests forming partnerships with global tech companies. He cautioned against rushing into creating large language models on their own, as they require substantial investment. Instead, he highlighted successful collaborations, like Kakao’s partnership with OpenAI, as a smarter path forward.
In summary, AI technology is on the cusp of major breakthroughs, and the future looks bright for its practical applications within various industries.
Keywords: AI technology, Hype cycle report, AI Agent, Gartner
Secondary keywords: artificial intelligence, business applications, partnerships
What is a hype cycle report?
A hype cycle report is a tool that shows how new technologies or trends evolve over time. It helps businesses understand where a technology stands in terms of popularity and maturity.
Why is the hype cycle report important?
The hype cycle report is important because it highlights potential risks and opportunities in the tech Market. It helps companies make informed decisions about which technologies to adopt or invest in.
How often is the hype cycle report published?
Gartner publishes the hype cycle report every year. This annual update allows businesses to keep track of changes and trends in the technology landscape.
What are the stages of the hype cycle?
The hype cycle has five stages:
1. Innovation Trigger
2. Peak of Inflated Expectations
3. Trough of Disillusionment
4. Slope of Enlightenment
5. Plateau of Productivity
These stages show how interest and understanding of a technology change over time.
How can I access the hype cycle report?
You can access the hype cycle report through Gartner’s website. Some parts of the report may be free, while others might require a subscription or membership.
