Gartner® Report: Hype Cycle™ for Revenue and Sales Technology, 2024
June 17, 2024 – iTAC Software was named as Sample Vendor for Composite Applications in the Hype Cycle for Revenue and Sales Technology 2024. “Gartner Hype Cycles are graphic representations of the maturity, relevancy and adoption rate of emerging and mainstream innovations. CIOs and IT leaders can use Hype Cycles and associated Priority Matrices to strategize roadmaps for investing in the right innovations at the right time.”
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Understanding the Hype Cycle
"An innovation typically transitions through five stages on its path to productivity:
- Innovation Trigger: A breakthrough, public demonstration, product launch or other event sparks media and industry interest in a technology or other type of innovation.
- Peak of Inflated Expectations: The excitement about, and expectations for, the innovation exceeding the reality of its current capabilities. In some cases, a financial bubble may form around the innovation.
- Trough of Disillusionment: The original overexcitement about the innovation dissipates, and disillusionment sets in due to performance issues, slower-than-expected adoption or a failure to deliver timely financial returns.
- Slope of Enlightenment: Some early adopters overcome the initial hurdles and begin seeing the benefits of the innovation. By learning from the experiences of early adopters, organizations gain a better understanding of where and how the innovation will deliver significant value (and where it will not).
- Plateau of Productivity: The innovation has demonstrated real-world productivity and benefits, and more organizations feel comfortable with the greatly reduced level of risk. A sharp uptick in adoption begins until the innovation becomes mainstream.*
Composite applications
Composite applications (also: composable applications) are systems that are built from modular, reusable and independent components. These components can include different types of software modules, microservices, containers or applications, and they may be developed using diverse technologies and platforms. The main goal of composite applications is to combine the strengths of these individual components to deliver a more robust, flexible, and feature-rich solution.
In a continuously changing business environment, it is important to react quickly to new market requirements and prove a certain adaptability. A modular software architecture with different but coherent applications therefore enables a fast and safe change of components that grants higher flexibility and adaptability.
iTAC.MOM.Suite
These trends and an ongoing digitalization and automation in the manufacturing industry are driving the development of MES/MOM systems with a focus on modularity, flexibility and user-friendliness. With its microservice architecture, the iTAC.MOM.Suite contains flexible and modular building blocks that go in line with the “composite applications approach”. This allows companies to create customized solutions that meet their specific requirements. Find out more about our MES/MOM solution here.
Disclaimer
Gartner, Hype Cycle for Revenue and Sales Technology, Guy Wood, Adnan Zijadic, Melissa Hilbert, Ilona Hansen, Varun Agarwal, 17 June, 2024
*Gartner, Understanding Gartner's Hype Cycle, Philip Dawson, Mandi Bishop, Donna Medeiros, 14 May, 2024 This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from iTAC Software.
GARTNER is a registered trademark and service mark of Gartner, Inc. and Hype Cycle is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.
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