Document Type : Research Paper
Authors
Abstract
A Hype Cycle is a graphic representation of the maturity, adoption and business application of specific technologies. Hype Cycles also show how and when technologies move beyond the hype, offer practical benefits and become widely accepted.
In other words, the hype cycle is one tool for technology assessment. It captures the observation of the technologies, no matter how different they are; generally follow a certain pattern with respect to hype and time over enthusiasm, followed by disillusionment, and a gradual improvement in the technology that potentially leads to maturity. The periods of over enthusiasm and disillusionment typically originate from unrealistic expectations and are reinforced by media effects.
In this article, we have introduced different dimensions of Hype Cycle and its applications, and have compared main adoption indicators of Hype Cycle between Iran and USA. Moreover, we have shown that, this tool can be used from investors, who want to invest in High-Tech Industries.
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