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Analyst firm Gartner Inc. today published an updated Hype Cycle for Emerging Technologies that focuses on three key trends: the evolution and expansion of immersive experiences, the acceleration of automation with artificial intelligence, and the optimized supply of technologists.
The new technologies differ significantly from Gartner’s previous 2021 hype cycle. Analysts who compiled the list say these new technology boom cycles are inherently volatile. As such, many differentiating technologies will only be identified for a year or two at most, after which they will give way to other innovations.
However, Gartner says technologies introduced in the hip cycle have the potential to deliver significant competitive advantage to early adopters over the next two to 10 years.
“New technologies offer the potential for business transformation, but CIOs and technology innovation leaders are scaling and expanding digital capabilities to improve sustainability within resource constraints,” said Gartner VP Analyst Melissa Davis. “It’s important for organizations to cut through the noise around new technologies to accelerate change using innovations that drive competitive differentiation and efficiency.”
Regarding the trend towards developing and expanding immersive experiences, Gartner explained that the future of digital experience is becoming more immersive. It will be supported by a suite of new technologies that enable more flexible virtual representations, environments and ecosystems of people and customers, and new ways of engagement, Gartner said.
These new technologies are mostly focused on innovations from blockchain and cryptocurrency, and include metaverse, intangible tokens, super apps, Web3, decentralized identity, digital people, customer digital twins, and internal talent marketplaces.
According to Gartner, those technologies will allow individuals to control their identity and data, while also experiencing virtual environments integrated with digital currencies. They can help companies find customers in new ways and strengthen or open up entirely new revenue streams, he added.
Accelerated AI automation is an integral part of the proliferation of AI as part of new and existing products, services and solutions, Gartner said. It is a trend leading to the creation of entirely new specialized AI models that can be used to automate model development, training, and deployment. This allows people’s roles to be refocused, Gartner said, resulting in more accurate predictions and decisions, and faster time to benefits.
Technologies enabling this trend include autonomous systems, causal AI, foundational models, generative design AI, and machine learning code generation.
As for the availability of optimized technology expertise, this suggests a way for successful digital businesses to build rather than buy. Gartner identifies emerging technologies focused on product, service and solution development communities and the platforms they use.
It’s a long list, including improved FinOps, cloud data ecosystem, cloud sustainability, compute storage, cybersecurity mesh, data observability, dynamic risk management, industrial cloud platforms, lean architecture, observability-driven development, open telemetry and platform engineering. . These technologies help gain feedback and insight to optimize and accelerate product, service and solution delivery, while helping to make business operations more sustainable, Gartner said.
The 2022 Hype Cycle includes more than 2,000 new technologies and functional frameworks revealed by Gartner last year. The analyst pointed out that the company is currently all in the early stages of their life cycle and there is much uncertainty as to how they will evolve. In other words, they can be useful but they can carry some risk.
“Such technologies present significant risks in deployment, but can be of greater benefit to early adopters who are able to evaluate and exploit them in line with their organization’s ability to manage unproven technologies,” said Gartner Distinguished VP Analyst Gary Oliff.
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