A note from Daniel

Another way of looking at the course of tech innovation is through the "hype cycle," a management framework the consulting firm Gartner made popular starting in 1995. Gartner's model builds on the work of other thinkers, like the economist Joseph Schumpeter, known for his theory of creative destruction. The model illustrates how when a new technology arrives, the excitement it generates can catalyze a financial bubble (the peak of inflated expectations). A crash usually follows (the trough of disillusionment). Then there's a long period of productive growth as the technology gets broadly deployed (the slope of enlightenment).

Daniel Read Write Own, page 150 · March 12, 2024 Save to shelf
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