What A Waste of Time!

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A few days ago, Gartner released the 2023 Hype Cycle for emerging technologies, and alas, there’s nothing new in there. It looks like the report is going through its own Trough of Disillusionment. “Just a friendly reminder that the Gartner Hype Cycle is a complete waste of time,” said marketing expert Tom Goodwin, elaborating that the hype cycle is an ineffective and misleading representation of technology adoption. “Most Technologies are labelled in such a vague way that they become useless. Having "robotics" or "iOT" or "3D web" or "GenAI" as a blob on a curve,” he added, saying it's a flawed concept. “So please let's accept that all models are wrong, and some are helpful, but the hype cycle isn't that. It's just a really really useless, wrong and unhelpful representation that needs to be removed from the face of the planet,” added Goodwin.  He believes that transformative technologies often emerge gradually and unpredictably, rendering vague labels and marketing terms useless, while the true evaluation should focus on problem-solving, feasibility, and potential impact.  Michael Mullany, a seasoned venture capitalist, said that 20% of all technologies that were tracked for multiple years on the hype cycle became obsolete before researching any kind of mainstream success. Another user from HN said, “Why do people think the Gartner Hype Cycle is a law of physics?” irked at how it has been backed by crypto folks for more than a decade now.  What do you think of the Gartner Hype cycle? Read the full story here.  Friend or Fraud?  When Faridabad resident Karan received a call from one of his friends, who had just met with an accident, asking him to transfer INR 30,000 for treatment, he had little reason to raise a doubt. The man calling Karan sounded exactly like his friend and said he was using someone else’s phone as his phone got damaged in the accident. Karan frantically transferred the money. Later, when he contacted the friend, he realised that he had been a victim of a fraud AI voice call. He filed a complaint with the NIT Cyber police station, which revealed that a fraudster used an AI voice impersonator to fake his friend’s voice and duped him of his money.  Such cases are only rising in the country.  Read the full story here. Your Personal AI Shopping Buddy Myntra recently launched a first-of-its-kind e-commerce solution in India and possibly globally, called MyFashionGPT. It’s nothing like you’ve seen before.  This new tool enables users to search using natural language, alongside giving relevant suggestions based on customer queries. In an exclusive interaction with AIM, Raghu Krishnananda, shared details about how they have simplified the shopping experience for customers.  Read more here.  Lost in Logic  A week ago, Google researchers released a study titled, ‘Teaching language models to reason algorithmically’ to teach models like ChatGPT to reason better. The method takes the in-context learning approach and introduces an algorithm better at reasoning. These discoveries suggest that exploring longer contexts, and prompting more informative explanations could provide valuable research. Earlier this year, researchers from Amazon won an outstanding-paper award for showing that knowledge distillation using contrastive decoding in the teacher model and counterfactual reasoning in the student model improves the consistency of CoT reasoning. While the Big Tech are trying really hard to make their AI models reason better, they are yet to strike gold. Read more here. TAUSIF ALAM & AMIT RAJA NAIK Tuesday, Sep 5, 2023 | Was this email forwarded to you? Sign up here DOWNLOAD OUR MOBILE APP Stay Connected info@analyticsindiamag.com © 2023 Analytics India Magazine

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