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Blog Article: Emerging Technologies of the Future You Should Know About
Innovation Strategy | Environmental Scanning

Emerging Technologies of the Future You Should Know About

Emerging Technologies of the Future You Should Know About

The Gartner® Hype Cycle for Emerging Technologies, 2022 provides an extensive list of technologies that we feel have the potential to disrupt business and society over the next two to ten years. The research provides ideas for how to employ these emerging technologies to promote competitive distinctiveness and efficiency for early adopters, as well as a detailed review of the business impact of each.

Rapid technological advancements demand companies, big and small, to rethink their operations and strategic efforts. In order to remain competitive, businesses must have a system in place where they constantly update themselves with the emerging technologies in the market.

With new technologies entering and retiring from the market in a fast-paced manner, technology innovation leaders in companies must keep themselves abreast of these developments and transitions to gain a competitive advantage.

The Gartner® Hype Cycle™ is an annual publication for a comprehensive representation of the maturity, adoption, and social application of trends and technologies. Carefully selected after a detailed study of various sources, the Hype Cycle tends to provide the newest, potentially disruptive technologies each year.

This article provides an overview of the key insights, highlighting how you can effectively use the Gartner® Hype Cycle™ to select the most relevant emerging technologies that have the potential to benefit your organization.

Key findings from the Gartner Hype Cycle for Emerging Technologies, 2022

The Gartner Hype Cycle for Emerging Technologies, 2022 highlights technological innovations that can impact your businesses in the foreseeable future.

According to Gartner: “The innovations highlighted in this research provide guidance on the business impact of emerging technologies and recommendations for how to use them to drive competitive differentiation and efficiency.”

2022 Gartner Hype Cycle for Emerging Technologies

Gartner sees three distinct themes that these emerging technologies fall under:

1. Evolving/expanding immersive experiences

The technologies under this theme provide new models for user engagement along with a dynamic, virtual representation of customers. For customers, these technologies allow them to control their identities and data, while for businesses, they offer novel ways to reach out to their customer base. The following are the technologies that fall under this theme:

  • Decentralized identity
  • Digital humans
  • Digital twin of the customer
  • Internal talent marketplaces
  • Metaverse
  • Non-fungible token (NFT)
  • Superapps
  • Web3

2. Accelerated AI automation

With the rapid expansion of AI adoption, there is an accelerated creation of specialized AI models in the market. Trained AI models can deliver more accurate predictions, hastening the benefits. The technologies that fall under Accelerated AI automation are:

  • Autonomic systems
  • Causal AI
  • Foundation models
  • Generative design AI
  • Machine learning code generation

3. Optimized technologist delivery

These technologies focus on the product, service, or solution builder communities (like fusion teams) and the platforms they use. They help to optimize and accelerate product, service, and solution delivery while increasing sustainability in companies. The technologies are:

  • Augmented FinOps
  • Cloud data ecosystems
  • Cloud sustainability
  • Computational storage
  • Cybersecurity mesh architecture
  • Data observability
  • Dynamic risk governance
  • Industry cloud platforms
  • Minimum viable architecture
  • Observability-driven development
  • OpenTelemetry
  • Platform engineering

While all of these technologies are at their early stages, some of them are still at an embryonic stage, posing greater risks for deployment on the one hand but potentially greater benefits for early adopters.

How to use the Gartner Hype Cycle for your business context

As per our understanding, executives can get an overview of the relative market promotion and perceived worth of technologies and/or techniques using Gartner Hype Cycle reports and Priority Matrices. Each Hype Cycle graph is divided into five key phases:  

  1. Innovation Trigger
  2. Peak of Inflated Expectations
  3. Trough of Disillusionment
  4. Slope of Enlightenment
  5. Plateau of Productivity

These five phases, and the analysis of the technologies therein, guide technological innovation leaders by establishing the expectation that these emerging technologies will journey through a pattern of over-enthusiasm and disillusionment, followed by eventual productivity. In Gartner Hype Cycle report, in addition to the five phases, a full perspective of each respective area of interest includes:

  • A clear definition of each technology or technique
  • Analysis of the technology or techniques' relative importance to the market,
  • The potential business impact it holds
  • Drivers of adoption
  • Obstacles that need to be overcome, and
  • User recommendations

How to identify and evaluate the most relevant technologies for your organization

Now that you know which emerging technologies are going to impact the market in the short and long term, how can you identify the most promising ones for your business?

Bring them on a technology radar! The ITONICS Radar tool helps you to visualize current and future emerging technologies that can impact your business and enable teams to rate technologies collaboratively. It allows specific views, filtering, linking, and relating of different data to each other to provide a helpful perspective on opportunities. Technology radars are among the most powerful tools in foresight. They are easy to digest, make foresight work tangible, and improve collective decision-making and reporting to management.

Use ITONICS to evaluate the technologies with your internal experts based on criteria relevant to your organization, such as potential impact, internal know-how, and need for action. The radar visualization will reflect their aggregated opinions and helps you to understand which technologies you should focus on.

We feel, by combining insights from the Gartner® Hype Cycle™ for Emerging Technologies, 2022 with the tools of the ITONICS Innovation OS, your team will be equipped with the necessary skills to identify the most promising opportunities in the next two to ten years.

Get started today with a 30-day free trial

The Gartner Hype Cycle for Emerging Technologies, 2022 equips business executives with a detailed comprehension of technologies that have transformational potential for their businesses. By analyzing and assessing their benefits and impact on your business, decision-makers can make an informed decision regarding their investment and operational strategies.

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Disclaimers

Gartner, Hype Cycle for Emerging Technologies, 2022, Melissa Davis, Gary Olliffe,25 July 2022

Gartner and Hype Cycle are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from ITONICS.