Connect with us

Technology

The Most Hyped Technology of Every Year From 2000-2018

Published

on

Visual Capitalist header

Visualizing Technology Hype Cycles (2000-2018)

Nothing captures our collective imagination quite like emerging technology.

In a short amount of time, technological innovations such as wireless internet and social networking have become a ubiquitous part of our everyday lives, quietly transforming the way we live, work, and communicate. Other promising technologies have their moment in the sun, only to fade into obscurity.

Gartner’s Hype Cycle charts the roller coaster ride of emerging tech, from the first stirrings of public awareness to the point of wider adoption and economic viability. Today’s graphic is a retrospective look at which trends scaled the summit of the Hype Cycle each year since 2000.

Reaching the Peak

As the media searches for the next big thing, certain technologies tend to dominate the headlines. Meanwhile, venture capital flows into the companies racing to bring the tech to market, valuations swell, marketing departments generate excitement, and the expectations of the general public begin to grow as well.

One example of this phenomenon at work is the adoption of microblogging. Today, we don’t think twice about posting a tweet or updating our status on Facebook, but a decade ago, the act of posting a short public message was major shift in the way people used technology to communicate with one another. The intense buzz that sent microblogging towards the top of the Hype Cycle is corroborated by Google Search data.

microblogging trend

Living Up to the Hype

A few technologies transcend the hype to transform entire industries. Here are some examples that lived up to their time in the spotlight.

Cloud Computing
Right from the beginning, the analogy of data breaking the shackles of folders and clunky external drives – instead zipping efficiently into the invisible cloud – generated a lot of excitement. It felt like the future of computing, and enterprises and individuals eagerly adopted the technology.

Today, Microsoft and Amazon’s cloud computing divisions each make $6-7 billion in revenue per quarter, and that number is still growing at a brisk pace.

NFC Payments
Near Field Communication – the technology that enables contactless payments – is transforming the way people pay for purchases around the world.

The global contactless payments market is expected to reach $138.4 billion by 2023. Here’s a look at where NFC payments are making the greatest in-roads:

NFC payment by country

The Ones That Underwhelmed

During the Christmas season of 2009, Kindle became the most gifted item in Amazon’s history. This watershed moment looked like the end of physical books as the public embraced the e-reader as the new way of consuming text.

Fast-forward to today, and only 19% of adults in the U.S. own an e-reader.

Of course, not every technology that grabs the headlines is going to become the next iPhone. Here are some others that didn’t immediately meet expectations after topping the Hype Cycle.

m-Commerce
Some concepts fail primarily because they’re ahead of their time. Such is the case with mobile commerce.

By 2001, more than half of Americans owned mobile phones, and this represented a huge opportunity. Unfortunately, early m-commerce was restricted by the limitations of mobile phones of that time period. It wasn’t until the introduction of smartphones that the concept really took off. Today, nearly half of all online transactions are made via mobile devices.

3D Printing
Few technologies reach the fever pitch that 3D printing did in 2012. From the $1.4 billion merger of the largest players in the sector to the reports of firearm blueprints circulating the web, you could forgive people for believing that the 3D printer was destined to become the next microwave. In the end, interest in 3D printing leveled off.

While it is getting used for prototyping in many different industries, it remains to be seen whether the technology will ever achieve the wide consumer-level adoption that was promised.

What’s Next?

When 2019’s Hype Cycle is released later this year, it remains to be seen which technology will rise to the top. Based on the trajectory from last year, search volume, and current news reports, 5G is a strong competitor.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Comments

Technology

Visualizing Moore’s Law in Action (1971-2019)

Can the predictions from Moore’s Law keep up with technological innovation spanning almost 50 years? Watch this stunning animation to find out.

Published

on

Animation: Visualizing Moore’s Law in Action (1971-2019)

The pace of technological progress keeps accelerating.

There are many ways to show this, but perhaps the simplest way is to create a visual representation of Moore’s Law in action.

Today’s animation comes to us from DataGrapha, and it compares the predictions of Moore’s Law with data from actual computer chip innovations occurring between 1971 to 2019.

Defining Moore’s Law

Moore’s Law was originally derived from an observation by Gordon Moore, the co-founder of Fairchild Semiconductor and later the co-founder and CEO of Intel.

In 1965, Moore wrote that the number of components in a dense integrated circuit (i.e., transistors, resistors, diodes, or capacitors) had been doubling with every year of research, and he predicted that this would continue for another decade.

Later on in 1975, he revised his prediction to the doubling occurring every two years.

Like the animation, the following chart from Our World in Data helps plot out the predictions of Moore’s Law versus real world data ⁠— note that the Y Axis is logarithmic:

Moore's Law in Action

View full size image

The prophetic prediction of Moore’s Law has led to exponential progress in computing — as well as for everything else touched by computers.

It’s no surprise then, especially given that the modern information age is largely driven by increasingly efficient computing, that this law has had a trickle down effect on nearly every significant aspect of global innovation.

An Accelerated Pace of Change

Moore’s Law has translated into a faster rate of change for society as a whole.

A new idea, like the smartphone, can get immediate traction because of instantaneous communication, increased global connectivity, and the ubiquity of information. New tech advancements can now change business or culture in a heartbeat:

The accelerating rate of technology adoption

Further, since software is a “layer” built upon the foundation of computing, it means that digital products can be replicated at almost no marginal cost. This is why a phenomenon like Pokémon Go was able to captivate 50 million users in just 19 days.

Imagine this kind of scalability, when applied to things like artificial intelligence or virtual reality.

Is Moore’s Law Dead or Alive?

As with any enduring prediction, there are always naysayers out there that will boldly forecast an imminent end to the trend.

Since the 2000s, there has been an ongoing debate within the semiconductor community on whether Moore’s Law will continue its reign, or if progress will ultimately sputter out as certain physical limitations catch up with the process of miniaturization.

Earlier in 2019, Nvidia CEO Jensen Huang declared that Moore’s Law is no longer possible. For what it’s worth, Intel still says technology in chipmaking always finds a way to advance — while TSMC has recently said the law is actually alive and well.

Regardless of who is right, Moore’s Law has held true for close to 50 years, and its repercussions will continue to be felt in almost every aspect of life and society going forward.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading

Maps

Wired World: 35 Years of Submarine Cables in One Map

Watch the explosive growth of the global submarine cable network, and learn who’s funding the next generation of cables.

Published

on

submarine cable network

You could be reading this article from nearly anywhere in the world and there’s a good chance it loaded in mere seconds.

Long gone are the days when images would load pixel row by pixel row. Now, even high-quality video is instantly accessible from almost everywhere. How did the internet get so fast? Because it’s moving at the speed of light.

The Information Superhighway

The miracle of modern fiber optics can be traced to a single man, Narinder Singh Kapany. The young physicist was skeptical when his professors asserted that light ‘always travels in a straight line’. His explorations into the behavior of light eventually led to the creation of fiber optics—essentially, beaming light through a thin glass tube.

The next step to using fiber optics as a means of communication was lowering the cable’s attenuation rate. Throughout the 1960-70s, companies made gains in manufacturing, reducing the number of impurities and allowing light to cross great distances without a dramatic decrease in signal intensity.

By the mid-1980s, long distance fiber optic cables had finally reached the feasibility stage.

Crossing the Pond

The first intercontinental fiber optic cable was strung across the floor of the Atlantic Ocean in 1988. The cable—known as TAT-8*—was spearheaded by three companies; AT&T, France Télécom, and British Telecom. The cable was able to carry the equivalent of 40,000 telephone channels, a ten-fold increase over its galvanic predecessor, TAT-7.

Once the kinks of the new cable were worked out, the floodgates were open. During the course of the 1990s, many more cables hit the ocean floor. By the dawn of the new millennium, every populated continent on Earth was connected by fiber optic cables. The physical network of the internet was beginning to take shape.

As today’s video from ESRI shows, the early 2000s saw a boom in undersea cable development, reflecting the uptick in internet usage around globe. In 2001 alone, eight new cables connected North America and Europe.

From 2016-2020, over 100 new cables were laid with an estimated value of $14 billion. Now, even the most remote Polynesian islands have access to high-speed internet thanks to undersea cables.

*TAT-8 does not appear in the video above as it was retired in 2002.

The Shifting Nature of Cable Construction

Even though nearly every corner of the globe is now physically connected, the rate of cable construction is not slowing down.

This is due to the increasing capacity of new cables and our appetite for high-quality video content. New cables are so efficient that the majority of potential capacity along major cable routes will come from cables that are less than five years old.

Traditionally, a consortium of telecom companies or governments would fund cable construction, but tech companies are increasingly funding their own submarine cable networks.

tech company submarine cables

Source

Amazon, Microsoft and Google own close to 65% market share in cloud data storage, so it’s understandable that they’d want to control the physical means of transporting that data as well.

These three companies now own 63,605 miles of submarine cable. While laying cable is a costly endeavor, it’s necessary to meet surging demand—content providers’ share of data transmission skyrocketed from around 8% to nearly 40% over the past decade.

A Bright Future for Dark Fiber

At the same time, more aging cables will be taken offline. Even though signals are no longer traveling through this network of “dark fiber”, it’s still being put to productive use. It turns out that undersea telecom cables make a very effective seismic network, helping researchers study offshore earthquakes and the geologic structures on the ocean floor.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Standard Lithium Company Spotlight

Subscribe

Join the 130,000+ subscribers who receive our daily email

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Popular