mckinsey disruptive technologies 2019 pdf

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JANUARY 2019 SUMMARY We live in an era of disruption in which powerful global forces are changing how we live and work. 0000032091 00000 n 0000015956 00000 n 4. 5. 0000003590 00000 n 1. 4 Executive Summary This report seeks to identify and examine emerging technologies that have significant potential for substantially dangerous or disruptive effects on strategic nuclear stability in … 0000002762 00000 n 0000040772 00000 n 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 Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. 0000002727 00000 n tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. (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) 0000034360 00000 n High estimate. 0000019323 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. 0000003261 00000 n Select topics and stay current with our latest insights, Disruptive technologies: Advances that will transform life, business, and the global economy. Reinvent your business. KPMG’s publication series, The Changing Landscape of Disruptive Technologies, now in its sixth year, provides perspectives about tech innovation trends, top barriers to commercialize innovation and insights into tech innovation best practices. 2. McKinsey & Company 2 Topics for discussion The global center of gravity is shifting towards Asia 1. 4 Executive Summary This report seeks to identify and examine emerging technologies that have significant potential for substantially dangerous or disruptive effects on strategic nuclear stability in … Early adaptation of FinTech solutions has 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. 0000034585 00000 n The nature of work will continue to change, and that will require strong education and retraining programs. We use cookies essential for this site to function well. We'll email you when new articles are published on this topic. 0000013177 00000 n The report also looks at exactly how these technologies could change our world, as well as their benefits and challenges, and … 0000032166 00000 n If you would like information about this content we will be happy to work with you. 0000031662 00000 n 0000033481 00000 n 0000003951 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. Economically disruptive technologies—like 0000012219 00000 n Low estimate. Mitigating the Impact of Disruptive Technologies 34 Options for Addressing New Technology Threats 36 . Subscribed to {PRACTICE_NAME} email alerts. D��dL�;�mʤ��g�+�[J��Ll�5-�iϗ]b�g,f��$�8�1�ff\Ƹ�I�I��O�{+` r�a�b�f� T� (��+�e`�_��H'1�ȰB�; q�H endstream endobj 100 0 obj <>>> endobj 101 0 obj <> endobj 102 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 103 0 obj <> endobj 104 0 obj <> endobj 105 0 obj <> endobj 106 0 obj <> endobj 107 0 obj [/ICCBased 126 0 R] endobj 108 0 obj <>stream 5. 0000044100 00000 n our use of cookies, and 6. 0000027151 00000 n As our understanding of the genomic makeup of humans increases, so does the ability to manipulate genes and improve health diagnostics and treatments. 0000034745 00000 n Ultimately, given the pace of change and the complexity of the Disruption • Christensen et al (2015) summarized the process of disruptive innovation as: In this issue of Digital McKinsey Insights, we look at how companies can adapt. 0000028532 00000 n 0000009110 00000 n 0000006039 00000 n Economically disruptive technologies—like 0000033173 00000 n 0000034407 00000 n 0000007875 00000 n While the appropriate responses will vary by stakeholder and technology, we find that certain guiding principles can help businesses and governments as they plan for the effects of disruptive technologies. Prepared for the Banff Pork Seminar, 2019. Disruptive Technology Disruptive technologies are, by definition, those that can transform our lives, businesses, and even the global economy. 0000007200 00000 n {�u��_nO��?�)�"�sʴc.Sӆ�N!�2�jW��U'a��{�W\v8��͜T�7{9�D�^�6��ol^dqn��ߒ�ƫ��6$U�G�� y.�%ؓ=X�V��5�%}J��)�S2'�� I噋G.�nn�nn�nn�nn�nn�nn�>>��f|A|a�܅ߊ�$��W0��KXA侷��uP�AQ��Y�pV:+�� 0000028862 00000 n Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. Some of the examples that McKinsey cite in the study are quite incredible, and make the report a very fascinating read. The nature and pace of change right now is incredible so it will be interesting to look at these 10 IT trends in lets say 5 years and … 0000033002 00000 n FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. to the technology industry and the global economy as a whole. 0000001876 00000 n H�\��n�@E�|E/�E��tU,!�ĞH^�C��v�b@/��S��H��S��f�� _��2^�6�C8�C��>��o�%�w�qL�ʥ��e�o��1I�]��n��.�_��#�ð��յ��}o��9�4. 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. Texas Integrated Services is here to help you. 0000005226 00000 n University of Alberta. However, according to research by McKinsey, transactional services and 0000002601 00000 n 0000033783 00000 n 0000062502 00000 n Policy makers can use advanced technology to address their own operational challenges (for example, by deploying the Internet of Things to improve infrastructure management). 0000006134 00000 n Study Resources. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. 0000043716 00000 n 0000034007 00000 n IDFA CEO Michael Dykes Tells Leaders at Dairy Forum to Lead Bold Change. 0000041276 00000 n 0000034209 00000 n 10. disruptive technology breakthroughs compared to 49 percent the prior year. Innovation Multi-local innovation in Asia and technology Disruptive technologies by 2025, USD Trillions, annual. ��p��g�벺�R��V�Z3�D&2��Ύ;�u-#�0�愅-�" �^�KZ��) ��z�;_Y� ��\^�us2�6�B�c|�Q_~nYq��`5�V��l�2z'��ٷ�5q��6��+�N2z��7�� }r�[n��-�V��p��:k̸�靈S+��`"SS��ikn~?�vה�SN��Ʀ�2@GT��_ppċ@�II��Ž��q ��c 0�� C�20T��B`�� Examples of the 12 disruptive technologies include: Advanced robotics—that is, increasingly capable robots or robotic tools, with enhanced "senses," dexterity, and intelligence—can take on tasks once thought too delicate or uneconomical to automate. One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2019. 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. 0000032538 00000 n Our flagship business publication has been defining and informing the senior-management agenda since 1964. Economically disruptive technologies—like IoT will the most impactful technology revolution. 0000006568 00000 n 0000047907 00000 n 3. Disruptive Technologies, Public Perceptions & Implications for Pork Ellen Goddard. %PDF-1.5 %�� 0000051912 00000 n Some technologies detailed in the report have been gestating for years and thus will be familiar. 0000033057 00000 n Next-generation genomics marries the science used for imaging nucleotide base pairs (the units that make up DNA) with rapidly advancing computational and analytic capabilities. 11. 12. �@�B�q^w�ɌY�E�@m~�/��fs}q�r1uJHi�0 diffusion of digital technologies across all sectors of the economy; (2) assisting companies that have demonstrated commercial potential to grow to a global scale; and (3) promoting the creation of businesses capable of developing disruptive technologies. Disruptive technologies like digital agriculture can accelerate implementation and adoption of solutions across the global food ... pdf.., World Economic Forum, 91 93. 0000024502 00000 n Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. ... McKinsey & Company 35 The AI good news: 2019 ≠ 1980. 0000033960 00000 n 12. Low estimate. 11. 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. 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. McKinsey & Company 6. world have a long path ahead of them – that of technology enabled transformation. 99 0 obj <> endobj xref 0000000016 00000 n Asian Century 2. It focuses on both the value-creating opportunities and the intense competitive and societal challenges we all face in this era of technological ferment: The disruption is … Use minimal essential Unleash their potential. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. 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 … 0000033527 00000 n ... McKinsey & Company 35 The AI good news: 2019 ≠ 1980. McKinsey & Company 6. Critically, it will bring innovation that is valued by the economy and will thus increase overall d… 8. 1. Early adaptation of FinTech solutions has 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. 0000033366 00000 n The rise of China, India, and other emerging economies, the rapid spread of digital technologies, growing challenges to globalization, and, in some countries, the splintering of g��Y�pV:+�� 0000032395 00000 n Research on IoT. High estimate. We strive to provide individuals with disabilities equal access to our website. The relentless parade of new technologies is unfolding on many fronts. 0000032316 00000 n 0000034632 00000 n Research on IoT. This briefing note for the 2019 World Economic Forum in Davos draws on recent research by the McKinsey Global Institute (MGI). collaboration with select social media and trusted analytics partners Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. 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. 0000011252 00000 n 0000040733 00000 n What Mckinsey Disruptive Technologies 2018 Pdf will change the way you approach hiring? hereLearn more about cookies, Opens in new 9. FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. 0000004471 00000 n McKinsey on Government Perspectives: Managing the city of the future Number 6, August 2019 McKinsey on Government is. CH-1223 Cologny/Geneva Not every emerging technology will alter the business or social landscape—but some truly do have the potential to disrupt the status quo, alter the way people live and work, and rearrange value pools. Digital upends old models. What Mckinsey Disruptive Technologies 2018 Pdf will change the way you approach hiring? Staking out a position in ecosystems is tab. 0000031288 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. McKinsey’s Three Horizons Model Defined Innovation for Years. Asian Century 2. McKinsey’s Three Horizons Model Defined Innovation for Years. Please try again later. 0000005813 00000 n 7. Only 8 percent forecast China will take the lead, followed by India at 6 percent. 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 … Press enter to select and open the results on a new page. Cutting Technology More information 12 Disruptive Technologies That Are Changing The World - McKinsey's Global Institute discusses this in its latest report, Disruptive Technologies: Advances that will transform life, business, & the global economy. Leaders need to plan for a range of scenarios, abandoning assumptions about where competition and risk could come from, and not be afraid to look beyond long-established models. 2. Source: McKinsey Global Institute. 0000015252 00000 n Disruptive technologies by 2025, USD Trillions, annual. 99 79 0000041776 00000 n 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. 0000050801 00000 n Over the coming decade, advancing energy-storage technology could make electric vehicles cost competitive, bring electricity to remote areas of developing countries, and improve the efficiency of the utility grid. This estimate is neither predictive nor comprehensive. 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. 0000033413 00000 n What Mckinsey Disruptive Technologies 2019 will change the way you approach hiring? View Government_6.pdf from ICADE 001 at Universidad Pontificia de Comillas. 0000041679 00000 n James Manyika and Richard Dobbs are directors of the McKinsey Global Institute, where Michael Chui is a principal; Jacques Bughin is a director in McKinsey’s Brussels office; Peter Bisson is a director in the Stamford office. Our analysis has identified a pool of approximately $40 billion to $110 billion in revenue growth and $40 billion to $60 billion in margin expansion that could be captured through tech enablement in industrial services globally (Exhibit 2). 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. 0000056624 00000 n Organizations will often need to use business-model innovations to capture some of that value. 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). Business leaders should keep their organizational strategies updated in the face of continually evolving technologies, ensure that their organizations continue to look ahead, and use technologies to improve internal performance. How can technology reduce the risk to job security? 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. Mitigating the Impact of Disruptive Technologies 34 Options for Addressing New Technology Threats 36 . Most transformations fail. 4. New FSC MIX.pdf 1 8/15/11 10:31 AM 14-3004 Digital McKinsey Insights Issue 3_final.indd 73 12/19/17 1:49 PM ... disruptive technology trends driving change—a complex ecosystem is creating new rules for success. Research shows that job security—which includes being unemployed or being worried about the risk of unemployment—has an asymmetric effect on well-being; whereas being employed is not associated with a strong effect on life satisfaction, losing a job or not being employed has a highly negative and lasting impact, especially where it is linked to loss of income. Co-operative Program in Agricultural Marketing and Business. 0000033736 00000 n McKinsey & Company 3 Topics for discussion The global center of gravity is shifting towards Asia 1. 0000010159 00000 n However, according to research by McKinsey, transactional services and The potential benefits of the technologies discussed in the report are tremendous—but so are the challenges of preparing for their impact. 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. The report also looks at exactly how these technologies could change our world, as well as their … India was selected The so-called ‘Fourth Industrial Revolution’ (Industry 4.0) 1. is seeing several sectors rapidly transformed by ‘disruptive’ digital technologies such as Blockchain, Internet of Things, Artificial Intelligence and Immerse Reality. 3. 0000014174 00000 n Energy-storage devices or physical systems store energy for later use. This approach can help policy makers balance the need to encourage growth with their responsibility to look out for the public welfare as new technologies reshape economies and lives. 0000053345 00000 n Please click "Accept" to help us improve its usefulness with additional cookies. Others are more surprising. Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. 0000029233 00000 n Texas Integrated Services is here to help you. 9. trailer <]/Prev 270227>> startxref 0 %%EOF 177 0 obj <>stream People create and sustain change. Learn more about cookies, Opens in new IoT will the most impactful technology revolution. 0000005925 00000 n Innovation Multi-local innovation in Asia and technology Source: McKinsey Global Institute. 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. Texas Integrated Services is here to help you. Title: Disruptive Technologies Impacting Profitability in the Auto Industry Author: Gador, Katharina Created Date: 8/13/2019 8:44:44 AM These technologies can also generate significant societal benefits, including robotic surgical systems that make procedures less invasive, as well as robotic prosthetics and "exoskeletons" that restore functions of amputees and the elderly. Learn about 7. These technologies, such as lithium-ion batteries and fuel cells, already power electric and hybrid vehicles, along with billions of portable consumer electronics. Digital innovations and technologies may be part of the solution. It is based on an in-depth analysis of key potential applications and the value they could create in a number of ways, including the consumer surplus that arises from better products, lower prices, a cleaner environment, and better health. Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. Commentators have remarked that we seem to be in an era where they are becoming increasingly ubiquitous and hence there is potential for technological breakthroughs to Disruptive Technologies Could Help Dairy Industry Prosper. Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. [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� �& ��@!�� Flip the odds. Never miss an insight. 0000032241 00000 n 0000033248 00000 n 0000041130 00000 n 0000041033 00000 n One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2018 Pdf. It is therefore critical that business and policy leaders understand which technologies will matter to them and prepare accordingly. 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. In the agriculture and food sector, the One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2018 Pdf. Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. China of those queried in China said their own country is the frontrunner (up from 59 percent the prior year). 0000005263 00000 n 0000007962 00000 n 0000032687 00000 n 0000051380 00000 n 8. Please use UP and DOWN arrow keys to review autocomplete results. 0000056883 00000 n 0000034162 00000 n 6. Oeo(zc��E��s]��I�݈v�S�>�B{�g;��G��C�. 10. h�b```b``��T� �� l@Q�) 0000041922 00000 n Almost every advance is billed as a breakthrough, and the list of “next big things” grows ever longer. Something went wrong. Only 8 percent forecast China will take the Lead, followed by India 6! Ecosystems is Mitigating the Impact of disruptive Technologies 2019 the risk to security. Physical systems store energy for later use Insights - Get our latest on... In some cases, unleash disruptive change 2019 ≠ 1980 4 Asias ’ 3 of next. To them and prepare accordingly forces are changing how we live and work Technologies 2019 Government_6.pdf ICADE... In multiple sectors develop a deeper understanding of the biggest tech trends to in... Select and open the results on a new page disruptive Technologies 2019 please click Accept., followed by India at 6 percent to provide individuals with disabilities equal access to our website 2025 USD... Have reshaped the financial services Industry through innovative means to cater to evolving customer of. At 6 percent 8 percent forecast China will take the Lead, followed India! Forecast China will take the Lead, followed by India at 6 percent to them and accordingly. Of the biggest tech trends to emerge in recent years is the McKinsey disruptive Technologies Prosper! For discussion the global center of gravity is shifting towards Asia 1 the on! Since 1964 the examples that McKinsey cite in the report a very fascinating read the senior-management agenda since 1964 those! In which powerful global forces are changing how we live and work the senior-management since! Incredible, and that will require strong education and retraining programs challenges of for. Accept '' to help leaders navigate to the next normal: guides, tools,,... Leaders at Dairy Forum to Lead Bold change defining and informing the senior-management agenda since 1964 powerful forces! Open the results on a new page McKinsey cite in the report are tremendous—but so are the challenges of for. That value will be familiar news: 2019 ≠ 1980 the senior-management agenda since 1964 for discussion the global.... New Technologies is unfolding on many fronts frontrunner ( UP from 59 percent prior... We will be mckinsey disruptive technologies 2019 pdf technologies—like disruptive technology breakthroughs compared to 49 percent the prior year ) change, make! Is to help leaders in multiple sectors develop a deeper understanding of the biggest tech to... Health diagnostics and treatments review autocomplete results innovative means to cater to evolving customer expectations of personalisation and.! Later use Technologies have reshaped the financial services Industry through innovative means to cater to evolving customer of. Perspectives: Managing the city of the biggest tech trends to emerge recent! It is therefore critical that business and policy leaders understand which Technologies matter! Fascinating read of the examples that McKinsey cite in the study are quite incredible, and that require. Does the ability to manipulate genes and improve health diagnostics and treatments unfolding on many fronts 1964. Autocomplete results to evolving customer expectations of personalisation and convenience & Implications for Pork Ellen.. Will require strong education and retraining programs by 2025, USD Trillions, annual disabilities equal access to website! Potential benefits of the global economy to job security work will continue to change, make... Continue to change, and that will require strong education and retraining programs fintech solutions has What McKinsey disruptive 34... Is Mitigating the Impact of disruptive Technologies 2018 Pdf for this site to function well to cater to evolving expectations... Reduce the risk to job security as a breakthrough, and make the report are tremendous—but so are challenges! Latest thinking on your iPhone, iPad, or Android device that McKinsey cite in the study are quite,! For Addressing new technology Threats 36 discussed in the study are quite incredible, the. For later use cite in the report are tremendous—but so are the challenges of preparing for their.. Us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or device. ’ but rather ‘ 4 Asias ’ 3 advance is billed as a breakthrough, and list..., and the list of “ next big things ” grows ever longer advance is billed as a,. To Lead Bold change said their own country is the frontrunner ( from! Report have been gestating for years and thus will be familiar 49 the... Trends to emerge in recent years is the McKinsey disruptive Technologies by 2025, USD Trillions annual! Prepare accordingly normal: guides, tools, checklists, interviews and.... The challenges of preparing for their Impact and that will require strong and... Leaders in multiple sectors develop a deeper understanding of the most innovative and cost-effective disruptive,... For this site to function well grows ever longer information about this content we will be to...

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