“The Gartner Hype Cycle for Procurement and Sourcing Solutions helps companies understand the maturity and potential of different procurement technologies over time. First introduced to the procurement space around the early 2000s, it categorizes technologies into different phases of the hype cycle: “Innovation Trigger,” “Peak of Inflated Expectations,” “Trough of Disillusionment,” “Slope of Enlightenment,” and “Plateau of Productivity.” Each phase shows how technologies evolve from early adoption, through exaggerated expectations, and finally to widespread, practical use.” (Source: ChatGPT)
Besides context, the greatest advantage of being 65 and having been in the industry for more than forty years is that you are less reluctant to speak your mind. You say what you know without hesitation, even if the “hard truth” will almost always ruffle someone’s feathers. For example, if the barber gives me a bad haircut, I will:
- Let them know that I don’t like it
- No tip
- And if it happens a second time, I find a new barber
In situations like the above, I am an embarrassment to my teenage children, which is an added benefit.
Here is a screen grab of a recent post on LinkedIn by Everstream’s David Shillingford regarding the Gartner Hype Cycle:
In the context of the claim that Gartner’s Hype Cycle “helps companies understand the maturity and potential of different procurement technologies over time,” I couldn’t help but ask, how? How does it help companies beyond good intentions?
I decided to access ChatGPT once more to ask the following series of questions:
What percentage of procurement and sourcing solution implementations failed in 2000?
“The failure rate of procurement and sourcing solution implementations in the early 2000s was significant, though exact percentages are harder to determine. Estimates suggest that failure rates ranged from 50% to 80% across different industries during this period. Challenges like inadequate change management, poorly defined processes, and lack of data integration were common causes of failure.”
What percentage of procurement and sourcing solution implementations failed in 2005?
“In 2005, approximately 50% to 70% of procurement and sourcing solution implementations failed.”
What percentage of procurement and sourcing solution implementations failed in 2010?
“In 2010, the failure rate for procurement and sourcing solution implementations was notably high. Industry-wide, it was estimated that around 50% to 70% of enterprise software implementations, including procurement solutions, experienced significant challenges or outright failure.”
What percentage of procurement and sourcing solution implementations failed in 2015?
“In 2015, the failure rate of procurement and sourcing technology implementations was still quite high, with estimates suggesting that between 50% and 70% of such initiatives did not meet their intended goals.”
What percentage of procurement and sourcing solution implementations failed in 2020?
“In 2020, procurement and sourcing solution implementations faced notable challenges, with failure rates ranging between 30% to 50%.”
What percentage of procurement and sourcing solution implementations failed in 2024?
The failure rate of procurement and sourcing technology initiatives is notably high, with many reports indicating that over 50% of these projects fail to meet their intended goals.
I have only one question left to ask? If Gartner was your barber, would you keep going back to them for the same results as above?
30
Procurement Insights
How Useful Is The Gartner Hype Cycle for Procurement and Sourcing Solutions
Posted on September 10, 2024
0
“The Gartner Hype Cycle for Procurement and Sourcing Solutions helps companies understand the maturity and potential of different procurement technologies over time. First introduced to the procurement space around the early 2000s, it categorizes technologies into different phases of the hype cycle: “Innovation Trigger,” “Peak of Inflated Expectations,” “Trough of Disillusionment,” “Slope of Enlightenment,” and “Plateau of Productivity.” Each phase shows how technologies evolve from early adoption, through exaggerated expectations, and finally to widespread, practical use.” (Source: ChatGPT)
Besides context, the greatest advantage of being 65 and having been in the industry for more than forty years is that you are less reluctant to speak your mind. You say what you know without hesitation, even if the “hard truth” will almost always ruffle someone’s feathers. For example, if the barber gives me a bad haircut, I will:
In situations like the above, I am an embarrassment to my teenage children, which is an added benefit.
Here is a screen grab of a recent post on LinkedIn by Everstream’s David Shillingford regarding the Gartner Hype Cycle:
In the context of the claim that Gartner’s Hype Cycle “helps companies understand the maturity and potential of different procurement technologies over time,” I couldn’t help but ask, how? How does it help companies beyond good intentions?
I decided to access ChatGPT once more to ask the following series of questions:
What percentage of procurement and sourcing solution implementations failed in 2000?
“The failure rate of procurement and sourcing solution implementations in the early 2000s was significant, though exact percentages are harder to determine. Estimates suggest that failure rates ranged from 50% to 80% across different industries during this period. Challenges like inadequate change management, poorly defined processes, and lack of data integration were common causes of failure.”
What percentage of procurement and sourcing solution implementations failed in 2005?
“In 2005, approximately 50% to 70% of procurement and sourcing solution implementations failed.”
What percentage of procurement and sourcing solution implementations failed in 2010?
“In 2010, the failure rate for procurement and sourcing solution implementations was notably high. Industry-wide, it was estimated that around 50% to 70% of enterprise software implementations, including procurement solutions, experienced significant challenges or outright failure.”
What percentage of procurement and sourcing solution implementations failed in 2015?
“In 2015, the failure rate of procurement and sourcing technology implementations was still quite high, with estimates suggesting that between 50% and 70% of such initiatives did not meet their intended goals.”
What percentage of procurement and sourcing solution implementations failed in 2020?
“In 2020, procurement and sourcing solution implementations faced notable challenges, with failure rates ranging between 30% to 50%.”
What percentage of procurement and sourcing solution implementations failed in 2024?
The failure rate of procurement and sourcing technology initiatives is notably high, with many reports indicating that over 50% of these projects fail to meet their intended goals.
I have only one question left to ask? If Gartner was your barber, would you keep going back to them for the same results as above?
30
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