Report on disruptive technologies for years 20202030. Fast rising aspirations and technology is changing the nature of work. As disruptive new technologies enter the vehicle prod uct mix and innovative, resourceful attackers invade the value chain, competitive intensity will grow. Meanwhile, three foundational forces make it possible for organizations to harness innovation while maintaining operational integrity. Sector trends and investment opportunities for firms in emerging markets. Pdf disruptive technology in human resource management. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. This chapter describes how pupils might develop the ability to critique through a consideration of disruptive technologies in their design and technology lessons. Adapted from world economic forum, 2017 technology reaches people faster 0 10 20 30 40 50 60 70 80 telephone 1878 mobile 1979 internet 1990 facebook. Mckinsey global institute report also offers quantitative data on how the outlined technologies can impact the economy, and what the risks could be.
Typically, products based on disruptive technology enter a market offering low performance compared to the established counterparts in mainstream markets christensen, 1997. This paper was inspired by a questionnaire from the millennium project, a wonderful think tank. This year, for the first time, we are including human capital in our measurement of the wealth of nations. Disruptive dozen selected for scope and scale over next 10 years. Processor logic could be totally different if materials like graphene, nanotube or. Disruptive technologies and their implications for economic. Download navigating a world of disruption, the briefing note on which this article is based pdf 271kb.
Mckinsey global institute coauthor of big data social technologies disruptive technologies internet matters 2. Advances that will transform life, business, and the global economy source. The digital transformation and disruptive technologies. Read on to discover how disruptive technologies is impacting the future of. 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. In the following, we will addre ss this need by presenting horizon. Impact of disruptive technologies summary of potential longterm impacts of disruptive technologies for hpc hardware potential longterm impacts of disruptive technologies could concern the processor logic, memory hierarchy, and future hardware accelerators. Today, for example, technology is delivering astounding advances, and more people are healthy, reading, and entering the global middle class. Gartners top 10 strategic technology trends for 2015. The disruptive technology tends to gain grounds among a new customer group typically in the lowend of the current market as the disruptive technologies. With the development of internet and mobile technologies, electronics, nano technology. Mckinsey recently released a report on the 12 technologies that are disrupting the global economy, from advanced robotics and nextgeneration genomics to selfdriving cars.
The 12 disruptive tech trends you need to know fortune. Us corporate average fuel economy cafe standards remained flat for nearly three decades, at 27. Digital technologies, taken as a broad generic category of technological inventions a nd applications, fall under a rare kind of disruptive technologies that can radical ly change existing economic sectors. Laser technology points a 4x increase in printing speeds for metal objects. Kpmgs publication series, the changing landscape of disruptive technologies, now in its sixth year, provides perspectives about tech.
Dec 23, 2014 12 disruptive technologies that are changing the world mckinsey s global institute discusses this in its latest report, disruptive technologies. While the prospect of completely autonomous, driverless cars continues to grab headlines globally, a quiet revolution is already fundamentally altering our vehicles. In the industrial age that humanity has entered long time ago with steam series has caused to primitive mechanization in production. Mckinsey disruptive technology report business insider. The chapter starts by arguing that the combination of disruptive drivers explored in.
According to the ceo of one such company, rocket lab, new zealand is the best place in the world to launch a satellite. The future of financial services world economic forum. Mckinsey special collections trends and global forces. This widely cited statistic dramatically depicts the power technology has to save labor and make way for the. Countries will not be able to compete unless they invest much more, and more effectively, in people. Information technology and the future of economic growth, nber working paper number 21547, september 2015. Curiously, the concepts behind those technologies have been around for a long time. Leveraging disruptive technologies in manufacturing.
It is difficult to predict with certainty when will 3d printing be mass adopted and become disruptive. Smoothing disruption, improving wellbeing mckinsey. It lists the features of disruption as developed by mckinsey. According to the mckinsey report disruptive technologies. At its core, a disruptive technology is an emerging system, product or process that displaces established ways of doing business. The future of financial services how disruptive innovations are reshaping the way financial services are structured, provisioned and consumed an industry project of the financial services community prepared in collaboration with deloitte final report june 2015. Advances that will transform life, business, and the global economy paperback may 23, 20 by mckinsey global institute author, james manyika author visit amazons. Populations not using at least basic drinking water services in 2015. This widely cited statistic dramatically depicts the power technology. In this article, we focus on disruptive technologies in contrast to e. These are the technologies that are coming to disrupt your industries. The publication highlights insights from over 800 leading technology industry visionaries ranging from serial startup entrepreneurs to fortune.
By limiting our focus to technologies in this article, we seek to anticipate disruption from the technology development perspective that originally was used to form the theory of disruption. Innovations in electric and electronic technologies are the main drivers of. These are the disruptive technologies that will affect. Migration flows linked to the environment are on the rise. Disruptive technologies a disruptive technology is a technology or innovation, which is initially a combination of niche technologies or innovative ideas to create a high end product or service, typically such which the existing market does not expect. The mckinsey global institute mgi, the business and economics research. 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. Advances that will transform life, business, and the global economymckinsey global institutecontentsexecutive summary 1introduction. Christensen by maria teplykh and tatyana mikhailova there is quite a common pattern following which many well established leading companies failed.
At the time, only one in 10 companies were performing any of the five digital business attributes well and companywide. Capturing the advanced driverassistance systems opportunity. The statistic shows a forecast of the economic impact of disruptive technologies in 2025 by technology type, with both a low and high estimate. Mckinsey global institute the china effect on global innovation 3 chinese cities by 2020, which will create a need for 10 million urban jobs every year, even as manufacturing employment drops. Mckinsey special collections trends and global forces selected articles from the strategy and. Disruptive digital technologies and implications for rail. Technology is moving so quickly, and in so many directions, that it becomes. The table consists of 100 potentially disruptive technologies, which we have defined as new technologies capable of significant social, economic or political upheaval. Economic impact of disruptive technologies 2025 statista.
Disruptive technologies mckinsey linkedin slideshare. Advances that will transform life, business, and the global economy. In a 20 research piece, the mckinsey global institute lists 12 such technologies. Advances that will transform life, business, and the global economy mckinsey global institute were our experts in mobile internet technology. More to come as more technologies mostly digital continue to. Guide to 12 disruptive technology examples intelligenthq. Twelve potentially economically disruptive technologies 4. Kpmgs annual technology innovation publication, the changing landscape of disruptive technologies, provides an outlook of emerging technology trends on a global scale. This chapter is part of that initiative, and although authored by david it could not have been written without our collaborative work. Mckinsey global institute compiled by oscar valentin may 20 2. Disruptive technologies and the future of labor adam alonzi. The report also looks at exactly how these technologies. Disruptive technologies and their impact on the future of work.
New cafe standards will require automakers to achieve 35. Kpmg technology innovation survey, 2015 28 in its 2015 global technology innovation survey, kpmg found that 14 percent of us technology. Naylor explains and explores the impact of the looming waves of disruptive technology on the insurance sector. The availability and sophistication of new automotivesafety systems, collectively known as advanced driverassistance systems adas, have been changing how cars are operated and experienced.
The disruptive technologies project is an initiative being taken forward by david barlex, nick givens and torben steeg. Challenges and solutions for the electricity sector in african markets the rise of disruptive technologies is. Almost any advance is billed as a breakthrough, and the list of next big things grows ever longer. The most disruptive technologies over the next three years source. Mar 28, 2015 disruptive technologies and the future of labor this paper was inspired by a questionnaire from the millennium project, a wonderful think tank you ought to visit. The number of refugees and asylum seekers rose by 2.
This new set of challenges will require unique responses from suppliers as they. The impacts of robotics, artificial intelligence on. To address these challenges, china will need to accelerate the evolution from innovation. In particular, there has been much talk about socalled disruptive technologies which are predicted to transform consumer experience and change society beyond recognition. Advances that will transform life, business, and the global economy, the internet of things iot is one of the top three technological advancements of the next decade together with the mobile internet and the automation of knowledge work. Today, each is poised to become a distinct macro force in its own right. Today, the most promising technology trends are grounded in nine powerful macro forces that form the backbone of technology innovation, past and present. The study based on contents of bloggers opinions revealing that disruptive technology will not merely stay as a disruption but also prove to be an opportunity to achieve maximum impact in hr today.
Several emerging or disruptive technologies can be identified that might, at some point in the future, displace established laboratory medicine technologies and practices. Disruptive technologies are giving rise to new business models and reinventing established business models. One hundred years later this figure had dropped to 2%. Organizations will often need to use businessmodel innovations to capture some of that value. Christensen by maria teplykh and tatyana mikhailova there is quite a common pattern following. In 2015, business leaders agreed there are a core set of attributes businesses must embrace to succeed over the course of the next decade. Heres a list of 10 disruptive technologies as identified recently by the mckinsey global institute. The following is an excerpt of a speech given during the future ready internship fair held at ngee ann polytechnic. Mckinsey global institute perspectives on manufacturing, disruptive technologies, and industry 4. Technology is disrupting every aspect of our lives. The changing landscape of disruptive technologies part 2 of 4. However, we have used rogers diffusion of innovations and adoption rate of pcs in us to predict when this technology will become disruptive. For these reasons, a closer look at disruptive technologies is warranted, especially during times of both rapid technological change. For these reasons, a closer look at disruptive technologies is warranted, especially during times of both rapid technological change as well as shifts in the distribution of income that may hurt the owners of labor rather than the owners of capital.
941 1201 393 729 677 1197 1132 1241 1304 579 701 558 1065 555 652 638 238 1120 92 721 1300 811 1388 1236 1146 263 1472 975 415 982 243 731 1533 605 447 684 1430 1599 182 1415 205 1387 475 970 263 385 1376 227 873 867