GenAI to create transformational business benefits within 2-5 yrs: Gartner

The four themes of emerging technology trends identified are Emergent AI, developer experience (DevX), pervasive cloud, and human-centric security and privacy

Generative artificial intelligence, or GenAI, is forecasted to bring about transformational business benefits within the next 2-5 years. It has reached the 'Peak of Inflated Expectations' on the Gartner Hype Cycle for Emerging Technologies, 2023. GenAI falls under the broader theme of emergent AI, a key trend in this hype cycle that is opening new avenues for innovation.

"The impact of many new AI techniques on business and society will be profound," observed Arun Chandrasekaran, Distinguished VP Analyst at Gartner. "The extensive pretraining and scaling of AI foundation models, the viral uptake of conversational agents, and the spread of generative