In 2018 it's still hanging around but realizing a 20% speedup on certain classes of problems. Maybe.
I was part of a group that developed signal processing algorithms and my boss's boss pulled me aside and asked me what we ought to do about this stuff. I told him that there are a few applications where this works very well, but it's pretty niche overall and we shouldn't do more than what we'd already done. He was a bit surprised because he thought I'd be one of the kool-aid drinkers given how much I knew about and liked playing with the tech. But he deferred to my judgement.
It turned out to be one of the most significant conversations I've had. I was still a junior engineer fresh out of college, but my bosses realized that I could be trusted put aside naive enthusiasm about the tech and make cool-headed decisions about what was strategically important. And I learned to trust my intuition about what was useful and what was just hype.
> it's still hanging around but realizing a 20% speedup on certain classes of problems
It really varies though. In grad school I felt like god when some molecular dynamics simulations running on my pair of GTX 760s finished faster than the same thing running on my advisor's 96-core CPU cluster.
Point taken, though, that it was over-hyped. There were lots of conference presentations with GPU-acceleration in the title (kind of like deep learning is now).
I'm definitely not an expert so I'm maybe missing something here.
I'm sure there are other disciplines that have seen a larger benefit.
"IT" has for long been this back-office area where specialists get to dictate business policies because they know computers. (A classic on this genre is the Bastard Operator from Hell [0]) -- but now lusers bring their own computers and phones to work, and hell if they don't have technological ideas of their own. IT has been commoditized, cloudified, outsourced.
If "digital transformation" sounds bogus is because management consultants are bogus. But in practice it can be a real thing that's not as much about new sexy tech (in the sense of blockchains, RISC chips and so on) as about putting what's already available into operation using business knowledge.
[0] https://en.wikipedia.org/wiki/Bastard_Operator_From_Hell
Not being left behind if you're wrong.
I'm in a tech-adjacent industry and see it all the time. Competitor A comes out with "shiny new technology" and markets the hell out of it. My company panics because we're suddenly lagging behind and rushes a competing project into development. Competitor B sees all of this and hops in too. All of a sudden it's the new direction of the industry and dominating trade shows, despite the origin being a mediocre product with some clever marketing. 5 years later it's never spoken of again.
I'm not familiar enough to say for sure this is what happened with "blockchain", but from a distance it has a lot of familiar markers.