Explore the hidden costs of AI that businesses often overlook, as we delve into the implications of the hype cycle and the financial burdens that come with embracing new technology.
Global research and advisory firm Gartner talks about the “hype cycle”, where people with a brand-new technology move from the peak of inflated expectations to the trough of disillusionment to the slope of enlightenment.
Sounds very familiar to dating back at university, if you ask me?
But isn’t it a great analogy? With the US “tech bros” superheating the market globally with their mad claims about people having the option of not working at all in the future and one person in their bedroom launching the next $1-billion company. They would, wouldn't they? After all, hype is good for multiples when you are a shareholder in the US right now.
No doubt the technology boom will be transformative for most businesses on the planet, but there is something everyone seems to be missing (or refusing) to accept when it comes to the miraculous makeover we are all going to be receiving: The hidden costs of this new technology.
