According to Gartner's Hype Cycle for Emerging Technologies, generative AI (GenAI) has reached the "Peak of Inflated Expectations." What does this mean in simple terms? Essentially, right now people's expectations of what the technology can do doesn't align with reality. As such, companies can make costly mistakes if they let hype or FOMO lead their GenAI strategy and investment. That said, even as GenAI is generating a lot of hype, it can also generate tremendous value if businesses do it right.
Posted March 19, 2024