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MGI Disruptive technologies: Advances that will transform life, business, and the global economy
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.
Yet technology advancement continues to drive economic growth and, in some
cases, unleash disruptive change. Economically disruptive technologies—like
the semiconductor microchip, the Internet, or steam power in the Industrial
Revolution—transform the way we live and work, enable new business models,
and provide an opening for new players to upset the established order. Business
leaders and policy makers need to identify potentially disruptive technologies, and
carefully consider their potential, before these technologies begin to exert their
disruptive powers in the economy and society.
In this report, the McKinsey Global Institute (MGI) assesses the potential reach
and scope, as well as the potential economic impact and disruption, of major
rapidly advancing technology areas. Through extensive research, we sort through
the noise to identify 12 technology areas with the potential for massive impact on
how people live and work, and on industries and economies. We also attempt
to quantify the potential economic impact of each technology across a set of
promising applications in 2025.
challenging to even pay attention—we are victims of “next new thing” fatigue.
Yet technology advancement continues to drive economic growth and, in some
cases, unleash disruptive change. Economically disruptive technologies—like
the semiconductor microchip, the Internet, or steam power in the Industrial
Revolution—transform the way we live and work, enable new business models,
and provide an opening for new players to upset the established order. Business
leaders and policy makers need to identify potentially disruptive technologies, and
carefully consider their potential, before these technologies begin to exert their
disruptive powers in the economy and society.
In this report, the McKinsey Global Institute (MGI) assesses the potential reach
and scope, as well as the potential economic impact and disruption, of major
rapidly advancing technology areas. Through extensive research, we sort through
the noise to identify 12 technology areas with the potential for massive impact on
how people live and work, and on industries and economies. We also attempt
to quantify the potential economic impact of each technology across a set of
promising applications in 2025.
Unknown Binding
Published May 1, 2013
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