Nick Graham, Chief Technology Officer at information security software business Hicomply discusses the recent surge in interest around artificial intelligence. He explains why his company is focused on developing AI tools that deliver benefits over media buzz.
There’s been a distinct pattern to the way that tech trends manifest over the last 20 years or so. Whether it’s The Internet of Things, blockchain, VR or indeed artificial intelligence, we’ve all witnessed that mix overexcitement and enthusiasm in a great new innovation – which is typically followed by a period of cynicism and disillusionment until the more considered long-term value of a technology becomes apparent.
This phenomenon is known as the Hype Cycle – a 5 stage process that models the rollercoaster of investment, attention and emotion associated with the journey of a particular technology.
In 2023, we saw artificial intelligence gain a foothold in the public consciousness like never before. At the start of the year, you could still be forgiven for thinking of AI as science fiction rather than science fact. However, by the end of that year there were few people who hadn’t been involved in conversations about ChatGPT, Midjourney, Dall-E or Google’s Bard.
With the hype around AI now reaching a crescendo, I’m often asked: Is AI overhyped? and Are you using AI at Hicomply?
The simple answers are “yes” and “yes”.
It’s not to demean the value of progress in the field of artificial intelligence to state that much of the conversation is overblown at this moment in time. It’s simply that we’ve seen this Hype Cycle many times before. AI won’t make everyone redundant, control ou ..
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