#GARTNER HYPE CYCLE 2017 SOFTWARE#
The recent insights from Boston Consulting Group market regarding the future of Internet of Things (IoT) adoption and spending reveals that ‘The IoT platform market is projected to grow at a Compound Annual Growth Rate (CAGR) of 40% through 2020 and around 40% of today’s IoT customers prefer to use traditional and well-established software companies for their IoT solutions’. Forrester predicts a 300% increase in AI investments in 2017 compared to 2016 and IDC believes AI will be a $47 billion market by 2020 creating a huge market potential for the AI service providers. It will take the businesses to the next level of operational excellence, customer experience and more ROI with efficient utilization of the data collected and analytics applied on it. With the evolution of technology in the coming years, we can expect that AI will soon be acquiring the capabilities of the human brain and will address complex business challenges which traditional IT cannot handle. Some of the breakthrough technologies associated with AI are Natural Language Processing, Robotic Process Automation, Machine Learning, Deep Learning, Cognitive Computing and Chatbots which are widely getting adopted in industrial sectors including Retail, Travel, CPG, Education, BFSI, and CPG. The Gartner report says “AI technologies will be the most disruptive class of technologies over the next ten years due to radical computational power, near-endless amounts of data and unprecedented advances in deep neural networks”. Artificial Intelligence Everywhere with Cognitive Computing, Machine Learning and Deep Learning in the Center Stageīeyond the hypes and heightened discussions, Artificial Intelligence is marking its strong presence in almost all the business sectors. Let us explore the major technology trends which are poised to create a transformative impact in the next 2 to 5 years with increased mainstream adoption. Digital Platforms which cover 5G, Digital Twin, Edge Computing, Blockchain, IoT Platform, Quantum Computing, Server less PaaS and Software-Defined Security.Immersive experiences which cover 4D Printing, Augmented Reality (AR), Connected Home, Human Augmentation, Virtual Reality (VR), etc.
Artificial intelligence which covers Deep Learning, Machine learning, Cognitive computing, etc.The hype cycle buckets the three mega trends in technology into Compared to last year’s hype cycle, Gartner added eight new technologies into the hype cycle, which includes Artificial General Intelligence (AGI), 5G, Edge computing, Deep Learning, and Server less PaaS. The research firm tracked and evaluated more than 2000 technologies and has come up with a list which shows promise in delivering a high degree of competitive advantage over the next five to 10 years. Categories Innovation & Trends, Technology Share: Gartner Hype cycle 2017: AI, ML, VR, IoT Platforms and SDS- Impact in 2 to 5 yearsĪccording to Gartner Hype Cycle 2017, Artificial Intelligence, Machine Learning, Virtual Reality, IoT Platforms, Software defined security are the key mainstream technologies to create transformative impact in the next 2 to 5 years.
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