Virtual Reality Tops Gartner’s Emerging Tech Report

Virtual Reality Tops Gartner’s Emerging Tech Report

Gartner’s emerging tech trends report looks at industry developments decision makers should be paying attention to. This year, virtual reality came out on top.

Virtual reality’s penetration of the market could mean big things for the multifamily developer, as virtual and augmented tours of developments is an excellent marketing tool to boost your bottom line.

RELATED: Virtual Tours Enhance Multifamily Selling

Gartner’s Hype Cycle for Emerging Technologies 2016 compiled thousands of prominent technologies, both in development and available today, into a timeline-graph that shows levels of consumer “hype” or excitement over a fixed period of time.

The graph works in five distinct stages that are used to measure the development of a certain technology and its corresponding consumer excitement level. The five stages begin with an Innovation Trigger, when a concept enters development, and continues through stages of expectations, failures and insights until the final product is ready for the mass market.

The bell curve demonstrates shifts in excitement and developments.
The bell curve demonstrates shifts in excitement and developments.

Each technology is then placed on a bell curved graph depending on its level of development and excitement from consumers (see above graph).

Some of these prominent, emerging technologies include machine-learning, smart robots, gesture control technologies and the connected home concept.

Gartner completes the report by marking each technology with an icon that determines how many years until it reaches mainstream adoption.

RELATED: VR Series: Using Tech to Sell Tech

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According to Gartner, virtual and augmented reality, the connected home and smart robots will hit the mainstream market in the next five to ten years. Machine learning and major software developments will arrive in two to five years, and concepts such as 4D printing are more than ten years away.

“It distills insights from more than 2,000 technologies into a succinct set of must-know emerging technologies and trends that will have the single greatest impact on an organization’s strategic planning,” says Gartner research director Mike Wallace.

Builders, integrators and decision makers should watch these emerging trends before they become an industry standard.

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About The Author

Michael Black is a staff writer and content coordinator at TecHome Builder. He has a particular interest in new solar developments and smart energy systems and is always looking for the next smart home trend to cover. As the youngest member of the TecHome team, Michael brings a passion that keeps the team energized. He also is instrumental in leading our social media efforts.

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