What happened during the early 1900s within the power industry presents an excellent lesson for firms today about the adoption of emerging technologies. It also reveals how existing IT strategies may be inefficient, expensive and difficult to leverage into the future.As a firm leader, you don’t have to know how to build the watch, but you should at least know how to tell time. Timing is critical when considering any trend, and each always has its early adopters, late adopters and resisters. The Gartner Group refers to this as the “hype cycle,” with five distinct steps:

1. Technology trigger: A new technology generates the interest of the press.

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