Technology Hype or Trend?   Leave a comment


In the world of technology there are many fascinating developments. Think about Google Glass, 3D printing, driverless cars and graphene.

But what causes these developments to move out of hype and inflated expectations into something disruptive. What causes a potential disruption to become an actual disruption?

Think about cloud computing. Several years ago it was pie in the sky. That there was the possibility that enterprises could offload all of their computing infrastructure to a third party. That organisations of all sizes could stick to their knitting and not worry about their IT.

And what happened? Delivery costs came down, governance questions were answered satisfactorily, provider choice blossomed. To the point that that hype has become a trend to the point that the technology is becoming embedded into how organizations run their IT.

Now, think about Bitcoin. About crypto-currency. Its all the hype now. There’s some inflated expectations that it will replace our standard commercial and retail transactions. That in the wake of recent financial matters that this industry is ripe for disruption.

So, what will happen? Well, the stages are:

  1. the framing of technology and its uses will iteratively improve over time
  2. some key people, institutions and organisations will take the lead and become a change agent with this technology
  3. issues around how the technology will be used in the mainstream will be resolved as it becomes more widespread

Thus, with respect to Bitcoin, watch to see if there are some key backers of the technology. It’ll tell you that this financial instrument is headed to mainstream.

For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my strategy and futures-centric blog.

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Posted July 22, 2014 by terop in Futures, ICT Strategy, Innovation, Technologies

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