The five stages are: 1. Innovation Trigger: A new technology emerges and generates initial interest. 2. Peak of Inflated Expectations: Enthusiasm for the technology reaches a peak, often exceeding its actual capabilities. 3. Trough of Disillusionment: Overblown expectations fade as the limitations of the technology become apparent. 4. Slope of Enlightenment: A more realistic understanding of the technology's potential develops. 5. Plateau of Productivity: The technology reaches mainstream adoption and delivers practical benefits.