The McKinsey Global Institute May 2013 Report – Disruptive technologies: Advances that will transform life, business, and the global economy

If You Read One Thing This Year

Cary, NC – At the Cary Chamber of Commerce 2013-2014 Planning Conference, Ted Abernathy, Executive Director of the Southern Growth Policies Board, told us to read only one thing this year: The McKinsey Global Institute May 2013 Report – Disruptive technologies: Advances that will transform life, business, and the global economy

For those of you who have heard Ted’s presentations before, you know that he boils down lots and lots of statistics and trends to show what is going on and to identify issues we are facing. I always come away from a presentation having learned a thing or 2.

Back to the report.

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.

12 technology areas

  1. Mobile Internet
  2. Automation of knowledge work
  3. The Internet of Things
  4. Cloud technology
  5. Advanced robotics
  6. Autonomous and near-autonomous vehicles
  7. Next-generation genomics
  8. Energy storage
  9. 3D printing
  10. Advanced materials
  11. Advanced oil and gas exploration and recovery
  12. Renewable energy

What do you think about this report and the 12 identified technologies?