LOS ANGELES—"Many of us have heard of the internet of things, machine learning, and artificial intelligence, but when new technologies make bold promises, it is important to discern the hype from what is commercially viable." So said panelists during a closing session at the recent GlobeSt. Multifamily national conference here in Los Angeles at the JW Marriott LA LIVE.
"As tech matures, we start to really understand the benefits they bring to our business," said Robert Lee, chief operating officer at Hyly.AI. One way to do so, he explained is to use the Gartner Hype Cycle, which helps provide a graphic representation of the maturity and adoption of technologies and applications. It also shows how they are potentially relevant to solving real business problems and exploiting new opportunities.
That methodology, he explained, gives you a view of how a technology or application will evolve over time and provides a source of insight to help manage its deployment within the context of whatever your specific business goals are.
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