That the Internet of Things is posed to fall into the depths of the trough of disillusionment according to Gartner’s latest Hype Cycle should come as no surprise to those following the industry.
For the industry, such a fall might not be a bad thing. During the upswing to the Peak of Heightened Expectations technologies attract the hot, dumb money along with the motley collection of shysters and opportunists a gold rush always lured in by the prospect of easy returns.
When a product, technology or industry falls into what Gartner calls the trough of disillusionment it’s usually the time when its real value is discovered. Without the distractions of hype or dumb money distorting the market, the industry finds a way of using a product that’s become somewhat passe.
For the Internet of Things, it won’t be a bad thing if the sector tumbles into the abyss. The sooner it happens, the faster industry will figure out where the real value and benefits lie.
The only damage might be to some of the more prominent boosters’ egos and the hip pockets of some of the more over eager investors. That may not be a bad thing.