I love Gartner’s Hype Cycle analysis reports! For AI in 2023, it’s probably no surprise that Generative AI is at the Peak of Inflated Expectations!
According to this article by Snorkel AI, Generative AI is at peak hype and poised to dive into the Trough of Disillusionment, according to the 2023 Gartner® Hype Cycle™ for Artificial Intelligence, which was released in July, while computer vision and data labeling and annotation services are entering the Plateau of Productivity.
Here’s the Hype Cycle Chart for Artificial Intelligence, 2023 – from Gartner (provided by Snorkel AI):
As you can see, Generative AI is at the Peak of Inflated Expectations just about at the top of the curve, which descends into the Trough of Disillusionment before ascending into the Slope of Enlightenment and on to the (alliterative) Plateau of Productivity. While computer vision and data labeling and annotation services are entering the Plateau of Productivity, they’re not there yet – in fact, no AI technology is currently shown as having reached that level on the Hype Cycle for AI yet.
One positive to the current status for Generative AI: While it is currently at the Peak of Inflated Expectations, Gartner has indicated a 2-to-5-year time frame for it to reach plateau. Most of the other AI technologies at the Peak of Inflated Expectations – Smart Robots, Responsible AI and Neuromorphic Computing – have a 5-to-10-year plateau time frame associated with them.
According to Snorkel AI, Gartner also said that “Generative AI has had an impact like no other technology in the past decade”. No argument there.
You can see more commentary from Snorkel AI about the Gartner report here or get a full report (if you’re a Gartner client) here.
So, what do you think? Are you surprised that Generative AI is at the Peak of Inflated Expectations? Do you agree it will be at the Plateau of Productivity in 2 to 5 years? Please share any comments you might have or if you’d like to know more about a particular topic.
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