0000005263 00000 n [PP��ĭ&Ǩ��l�с+F�,��M�>@\6K�\�� �3�b�a�eg�dpc�����`ǒ����ü�y)�Y��|"J\�>���Q��c�0��CC ��C4�� Ơ� ʰH� �& ��@!����������� 99 0 obj <> endobj xref 0000034162 00000 n 0000013177 00000 n Source: McKinsey Global Institute. Select topics and stay current with our latest insights, Disruptive technologies: Advances that will transform life, business, and the global economy. This value comes from four main sources: a 1 to 3 percent revenue uplift from cross-selling, upselling, and new business models; a 3 to 10 percent increase in service revenue from smarter pricing of aftermarket parts and services; and a 20 to 30 percent reduction in field-service … The potential benefits of the technologies discussed in the report are tremendous—but so are the challenges of preparing for their impact. Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. The McKinsey Global Institute assesses the impact of these technologies in a new report and an article that explores the IT-enabled business trends that loom large on the top-management agenda. McKinsey Global Institute Technology is moving so quickly, and in so many directions, that it becomes challenging to even pay attention—we are victims of “next new thing” fatigue. 0000051380 00000 n McKinsey Global Institute Technology is moving so quickly, and in so many directions, that it becomes challenging to even pay attention—we are victims of “next new thing” fatigue. Ultimately, given the pace of change and the complexity of the Please use UP and DOWN arrow keys to review autocomplete results. 5. (Technology Transforming Society and Economies, 1) ARTIFICIAL INTELLIGENCE (Technology Transforming Society and Economies, 1) ATMOSPHERE WATER GENERATION (Water, 5) AUTONOMOUS VEHICLES (Transport, 4) BATTERY TECHNOLOGIES (Transport, 4) BIOMETRICS (Digital Identification, 16) BLOCKCHAIN AND SELF-MANAGED IDENTITY (Digital Identification, 16) Organizations will also need to keep their employees' skills up-to-date and balance the potential benefits of emerging technologies with the risks they sometimes pose. 0000019323 00000 n To develop a more nuanced and useful view of technology’s impact, governments may also want to consider new metrics that capture more than GDP effects. While the appropriate responses will vary by stakeholder and technology, we find that certain guiding principles can help businesses and governments as they plan for the effects of disruptive technologies. 0000033002 00000 n 0000006568 00000 n 11. 4. As U.S. dairy farmers grapple with low prices and decreasing demand for milk, producers and allied industry members are setting their sights on a … How can technology reduce the risk to job security? University of Alberta. Disruptive technologies like digital agriculture can accelerate implementation and adoption of solutions across the global food ... pdf.., World Economic Forum, 91 93. 12. Next-generation genomics will offer similar advances in our understanding of plants and animals, potentially creating opportunities to improve the performance of agriculture and to create high-value substances—for instance, ethanol and biodiesel—from ordinary organisms, such as E. coli bacteria. FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. We strive to provide individuals with disabilities equal access to our website. What Mckinsey Disruptive Technologies 2019 will change the way you approach hiring? 0000009110 00000 n hereLearn more about cookies, Opens in new tab. Staking out a position in ecosystems is 5. Unleash their potential. Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. Texas Integrated Services is here to help you. 0000033736 00000 n Study Resources. Texas Integrated Services is here to help you. We'll email you when new articles are published on this topic. 0000033366 00000 n Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Economically disruptive technologies—like We estimate that, together, applications of the 12 technologies discussed in the report could have a potential economic impact between $14 trillion and $33 trillion a year in 2025. h�b```b``������T� �� l@Q�) ... McKinsey & Company 35 The AI good news: 2019 ≠ 1980. Some of the examples that McKinsey cite in the study are quite incredible, and make the report a very fascinating read. 0000033413 00000 n This is an approach tried and tested by McKinsey, emanating from an accepted sense of urgency – even where the company still appears to be in the best of health – and it describes a clear approach for operating successfully in a disruptive world (Exhibit 1). Research on IoT. To address challenges that the new technologies themselves will bring, policy makers can use some of those very technologies—for example, by creating new educational and training systems with the mobile Internet, which can also help address an ever-increasing productivity imperative to deliver public services more efficiently and effectively. If business and government leaders wait until these technologies are exerting their full influence on the economy, it will be too late to capture the benefits or react to the consequences. 0000028862 00000 n Asian Century 2. Disruptive Technologies, Public Perceptions & Implications for Pork Ellen Goddard. Disruptive technologies can change the game for businesses, creating entirely new products and services, as well as shifting pools of value between producers or from producers to consumers. 0000015252 00000 n 10. Policy makers can use advanced technology to address their own operational challenges (for example, by deploying the Internet of Things to improve infrastructure management). 0000000016 00000 n 0000033057 00000 n It is therefore critical that business and policy leaders understand which technologies will matter to them and prepare accordingly. Innovation Multi-local innovation in Asia and technology 9. Asian Century 2. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. 0000034585 00000 n In Digital India: Technology to transform a connected nation (PDF–3MB), the McKinsey Global Institute highlights the rapid spread of digital technologies and their potential value to the Indian economy by 2025 if government and the private sector work together to create new digital ecosystems. Digital upends old models. Low estimate. 0000002762 00000 n Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. 10. 0000007962 00000 n 3. The report also looks at exactly how these technologies could change our world, as well as their benefits and challenges, and offers guidelines to help leaders from businesses and other institutions respond. 0000032241 00000 n If you would like information about this content we will be happy to work with you. 2. 0000015956 00000 n In the agriculture and food sector, the 0000032316 00000 n McKinsey & Company 2 Topics for discussion The global center of gravity is shifting towards Asia 1. High estimate. 0000034745 00000 n 0000051912 00000 n The nature of work will continue to change, and that will require strong education and retraining programs. Disruptive technologies: Advances that will transform life, business, and the global economy, a report from the McKinsey Global Institute, cuts through the noise and identifies 12 technologies that could drive truly massive economic transformations and disruptions in the coming years. McKinsey Global Institute Perspectives on manufacturing, disruptive technologies, and Industry 4.0 Brussels, November 14, 2014 CONFIDENTIAL AND PROPRIETARY Any use of this material without specific permission of McKinsey & Company is strictly prohibited Consultative Commission on Industrial Change (CCMI) Eric Labaye 0000041130 00000 n 0000033173 00000 n People create and sustain change. 0000006039 00000 n Disruptive technologies: Advances that will transform life, business, and the global economy, a report from the McKinsey Global Institute, cuts through the noise and identifies 12 technologies that could drive truly massive economic transformations and disruptions in the coming years. 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