Sunday 15 March 2009

Mastering the Hype Cycle

Most people working in the IT industry will have come across the Hype cycle in one form or another - if the "trough of disillusionment" rings a bell, then you have come across the Hype cycle.

The book is split into two parts: Part One provides an overview of the Hype cycle. It takes us through each phase of the Hype cycle describing the characteristics of each phase. The (particularly) up to date examples help add life to the narrative. For me, I spent some time trying to work out where I thought many current innovations were in their journey through the Hype cycle - this is not as easy a task as you might think! However, it can be crucial to the success implementation of any innovation.

Part Two describes a process (termed STREET by the authors) for identifying, tracking and then introducing innovations based on the Hype cycle and your organisation's drivers and appetite for risk. This part of the book takes us through the process, step by step.

I think this book will be particularly useful to those people who are working in organisations that are involved in decisions about introducing new innovations. While it is aimed primarily at external innovations, there is no reason why the same process could not be applied to innovations that are generated from WITHIN your organisation.

Well written (which is exactly what you would expect from two Gartner analysts!) and exceptionally useful. Practical and definitely not overly theoretical. It certainly made me stop and think a little more deeply about the innovations that I am involved with and how (and when) they should be pursued. Highly recommended reading.