gartner curve of technology adoption 2021

Gartner curve of technology adoption 2021 how to#

Nonfungible Tokens (NFT): Unique Digital Assets.In this model, Gartner identified six key emerging technologies to watch. The most recent Hype Cycle for Emerging Technologies is the 2021 model. Determining investment priorities by considering the potential advantages of each innovation.When you should be quick and embrace new ideas that might substantially alter your organization’s prospects early on, and when you should hold off on innovations. How long you should wait before adopting disruptive technologies that have the potential to be a game-changer for your business.When to invest in technology and not just because everyone is doing it.

Gartner curve of technology adoption 2021 how to#

What will shift the technology from early to mainstream adoption? How to best leverage it now and in the future depending on where it is on the Hype Cycle.

Where the technology is on its development journey.

Over time, the Gartner Hype Cycle has provided critical insights into how new technologies will develop and has, more importantly, given decision-makers essential information such as: This is where it becomes a utility, and the price goes down.

Consumers have figured out how to best leverage its strengths while minimizing weaknesses for most use cases. The Plateau of Productivity: The technology stabilizes when it becomes mainstream and reaches peak market adoption/usage rates.Adoption picks up speed here until everyone who wants one has a device or service. The Slope of Enlightenment: As more realistic expectations are set about what is possible with real-world applications and as more forward-thinking companies find actual use cases, users start to see the benefits of using it in their day-to-day lives, which leads to further growth as potential customers become aware there isn’t any other way to do things now (due to various reasons).A few more people might join the party at this point, but not many. However, forward thinkers continue pushing through by looking for ways around current obstacles. Trough of Disillusionment: The realization sets in that what was promised may not be what exists at this point, with many early adopters turning away from it because they feel like they were misled.The Peak of Inflated Expectations: As the market begins to understand and scale this new product or service, there is high interest from both investors as well as consumers, but eventually, that excitement reaches an apex and then turns into disappointment as expectations are hard to meet for some reason (e.g., too expensive, difficult to use, etc.).Innovation Trigger: This is where a new technology first emerges.The Hype Cycle attempts to show the development of technology in terms of several phases described as follows:

If you aren’t very familiar with the Hype Cycle, here is a quick primer. Companies need to know where they are on this curve as it will offer insight into what opportunities exist now and what challenges may arise if they wait too long before implementing changes.īelow are six emerging technologies from the current hype cycle. The cycle includes five phases: Innovation Trigger, Peak of Inflated Expectations, Trough of Disillusionment, Slope of Enlightenment, and Plateau of Productivity. Gartner has used it since 1995 to help clients understand how new developments in IT affect their business. The Gartner Hype Cycle is a visual representation of the maturity and adoption of emerging technologies.