The nascent tech enters Hype Cycle’s downward slope, says Gartner
Tech analysts have forecast 9.8 percent year-over-year growth in worldwide IT spending in 2025, reaching $5.61 trillion and driven by continuing AI investments, despite “moonshot” projects seeing a high failure rate.Global research firm Gartner stated that overall IT spending growth is expected to accelerate from 7.7 percent in 2024, driven by steady economic expansion and growing interest in AI.
However, despite the experimental deployment of AI in business during 2024, businesses remain uncertain about the true benefits of the much-hyped technology, according to Lovelock. Famous for its Hype Cycle, which tracks how emerging technologies progress through the peak of inflated expectations, the trough of disillusionment, and ultimately to the plateau of productivity, Gartner now sees GenAI on a downward slope.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oodie Black Puffer Boots Review: Are They Worth the Hype?A review of Oodie's Black Puffer Boots, exploring their comfort, style, and practicality for both indoor and outdoor wear.
Read more »
Kieran Tierney Celtic transfer return hype has Callum McGregor buzzingParkhead skipper has been through plenty with Tierney for club and country and knows the quality former Hoops pal would bring.
Read more »
Victoria Beckham Beauty: Is It Worth the Hype?This article reviews Victoria Beckham Beauty, a premium makeup brand known for its luxurious eyeshadow palettes, balms, and eyeliners. The reviewer focuses on the Lid Lustre Shimmering Eyeshadow Pot in shade Mink, praising its blendability, shimmering finish, and long-lasting wear.
Read more »
Are Air Fryers Worth the Hype?This article investigates the popularity and effectiveness of air fryers, comparing them to traditional cooking methods and exploring their potential health and financial benefits.
Read more »
Jeremy Clarkson's girlfriend Lisa Hogan is flooded with messages of support as she shares an...Jeremy Clarkson's new £1M pub in the Cotswolds has built-up a lot of hype. With queues that can stretch waits out to over two hours and £6 pint - is the hype worth it? Here's is how long it took to get a pint, and whether the food is worth the hype.
Read more »
Jeremy Clarkson's girlfriend Lisa Hogan is flooded with messages of support as she shares an...Jeremy Clarkson's new £1M pub in the Cotswolds has built-up a lot of hype. With queues that can stretch waits out to over two hours and £6 pint - is the hype worth it? Here's is how long it took to get a pint, and whether the food is worth the hype.
Read more »