Gartner Identifies Key Emerging Technologies Spurring Innovation Through Trust, Growth and Change
Gartner's Hype Cycle for Emerging Technologies, 2021 identifies key trends reshaping industries, focusing on Engineering Trust, Accelerating Growth, and Sculpting Change. Organizations are urged to utilize technologies like generative AI and sovereign cloud to enhance competitive advantage amidst uncertainty. The report highlights the importance of adopting digital transformation strategies and emphasizes that breakthrough technologies will continue to challenge even pioneering firms. It outlines technologies that promise high competitive returns over the next five to ten years.
- Emerging technologies like generative AI predicted to transform drug discovery by 2025.
- Focus on trust and security to enhance competitive positions in the marketplace.
- Identification of specific technologies that organizations should monitor to maintain a competitive edge.
- The need for organizations to manage technology risk alongside business risk may hinder innovation.
Engineering trust, accelerating growth and sculpting change are the three overarching trends on the Gartner, Inc. Hype Cycle for Emerging Technologies, 2021 that will drive organizations to explore emerging technologies such as nonfungible tokens (NFT), sovereign cloud, data fabric, generative AI and composable networks to help secure competitive advantage.
Figure 1. Hype Cycle for Emerging Technologies, 2021. Source: Gartner (August 2021)
“Technology innovation is a key enabler of competitive differentiation and is the catalyst for transforming many industries. Breakthrough technologies are continually appearing, challenging even the most innovative organizations to keep up,” said Brian Burke, research vice president at Gartner. “Leading organizations will lean on the emerging technologies in this year’s Hype Cycle to build trust and new growth opportunities against a background of continued strategic change and economic uncertainty.”
The Hype Cycle for Emerging Technologies is unique among most Gartner Hype Cycles because it distils insights from more than 1,500 technologies into a succinct set of “must know” emerging technologies and trends that show promise in delivering a high degree of competitive advantage over the next five to 10 years (see Figure 1).
“As organizations continue their focus on digital business transformation, they must accelerate change and cut through the hype surrounding emerging technologies,” said Melissa Davis, research vice president at Gartner.
“This Hype Cycle provides a high-level view of important emerging trends that organizations must track, as well as the specific technologies that must be monitored through the themes of Trust, Growth and Change,” said Philip Dawson, research vice president at Gartner.
Three Themes of Emerging Technology Trends
Engineering Trust: Trust demands security and reliability. However, it can also extend to building innovations as a resilient core and foundation for IT to deliver business value. This foundation must consist of engineered, repeatable, trusted, proven and scalable working practices and innovations.
For example, the market for digital and cloud technology and services is currently dominated by U.S. and Asian providers. As a result, many European companies store their data in these regions, creating political uneasiness as well as concerns about retaining data control and complying with local regulations. Countries can engage a sovereign cloud to achieve digital and data sovereignty, which will in turn provide legal requirements to apply data protection controls, residency requirements, protectionism and intelligence gathering.
The technologies to watch to engineer trust are sovereign cloud, NFT, machine-readable legislation, decentralized identity, decentralized finance, homomorphic encryption, active metadata management, data fabric, real-time incident center and employee communications applications.
Accelerating Growth: After the trusted core business is established, recovery and growth can happen. Organizations should balance technology risk with the appetite for business risk to ensure near-term objectives are attainable. Once the innovation-led core is scaling, accelerated growth extends delivery and value.
For example, generative AI is an emerging technology that the pharmaceutical industry is using to help reduce costs and time in drug discovery. Gartner predicts that by 2025, more than
To accelerate growth, the following technologies should be explored: multiexperience, industry cloud, AI-driven innovation, quantum machine learning (ML), generative AI and digital humans.
Sculpting Change: Change is traditionally disruptive and often is tied to chaos, but organizations can use innovations to sculpt change and bring order to chaos. The art is to anticipate and auto-tune to the needs of change.
For example, composable business applications enable a better match of application experiences to a changing, operational business context. Composable business, founded on composable application technology and built with composable thinking, positions organizations to recognize and exploit business opportunities, respond to unexpected disruptions, and meet customers’ changing demands at their pace, retaining their loyalty.
Organizations looking to sculpt change should consider composable applications, composable networks, AI-augmented design, AI-augmented software engineering, physics-informed AI, influence engineering, digital platform conductor tools, named data networking and self-integrating applications.
The Hype Cycle for Emerging Technologies, 2021 is just one of over 90 Gartner Hype Cycles covering a wide range of innovations, technologies, business trends and key vertical industries. Additional information is also available in the free Gartner webinar “The Gartner Hype Cycle for Emerging Technologies, 2021.”
Additional analysis on emerging technology trends will be presented during Gartner IT Symposium/Xpo 2021, the world's most important conferences for CIOs and other IT executives. Follow news and updates from the conferences on Twitter using #GartnerSYM.
Upcoming dates and locations for Gartner IT Symposium/Xpo include:
October 18-21 | Americas | Virtual
October 25-27 | APAC | Virtual
November 8-11 | EMEA | Virtual
November 16-18 | Japan | Virtual
November 30-December 2 | India | Virtual
About the Gartner Information Technology Practice
The Gartner IT practice provides CIOs and IT leaders with the insights and tools to drive the organization through digital transformation to lead business growth. Additional information is available at www.gartner.com/en/information-technology. Follow news and updates from the Gartner IT practice on Twitter and LinkedIn using #GartnerIT.
About Gartner
Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow.
Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and an objective resource for more than 14,000 organizations in more than 100 countries — across all major functions, in every industry and organization size.
To learn more about how we help decision makers fuel the future of business, visit gartner.com.
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