Question

Briefly explain how the hype cycle works.

Answer 1

Answer-

Hype Cycle is a diagrammatic analysis of life stages of technology from beginning to end and its extensive use.

In big business organizations it can be used for decision making related with technology. It is vital to resolve practical business problems and to grab upcoming opportunities.

It guides about using proper source of technology in relation with fulfilling business aims and objectives.

Following are the phases of Hype Cycle:

1. In first phase, it leads to activate new technological ideas to get quick exposure to outside world.

2. In second phase, in the beginning it will have good achievement and as well as failures.

3. In third phase, it leads to way of disappointment due to research failures. Products will continue to use if it is accepted by in the beginning stage.

4. In fourth stage, those companies outperformed using technological advantages and it continues to transition with new innovative products.

5. In fifth stage, it enhances to more normal product yield continuation of technological innovative product by widely getting accepted in market.