When to Ignore — and Believe — the AI Hype Cycle
In the rapidly evolving landscape of technology, few phenomena have captured the collective imagination and investment like artificial intelligence (AI). Promising to revolutionize industries ranging from healthcare to finance, AI has sparked a wave of innovation and speculation. However, amidst the excitement, distinguishing between genuine opportunities and fleeting trends is crucial for stakeholders navigating the AI hype cycle. This article explores the nuances of when to embrace AI hype and when to approach with caution, drawing insights from historical precedents and current market dynamics. Understanding the Hype Cycle The Gartner Hype Cycle provides a structured framework to understand the evolution of new technologies from inception to mainstream adoption. It consists of several phases: Innovation Trigger: A breakthrough or significant advancement that sparks initial excitement and interest. Peak of Inflated Expectations : Heightened expectations and hype around the technology, o…
