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Disruptive technologies: Advances that will transform life, business, and the global economy

McKinsey Global Institute, May 2013

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Resource information:
Resource IDmckinsey2013
Resource titleDisruptive technologies: Advances that will transform life, business, and the global economy
Author(s)James Manyika, Michael Chui, Jacques Bughin, Richard Dobbs, Peter Bisson, Alex Marrs
Publication/ sourceMcKinsey Global Institute
Date publishedMay 2013
Summary text/ abstractIn 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. By definition such an exercise is incomplete – technology and innovations always surprise. The potential applications we consider reflect what McKinsey experts and respected leaders in industry and academia who aided our research believe are illustrative of emerging applications over the next decade or two and provide a good indication of the size and shape of the impact that these applications could have. The combined potential economic impact by 2025 from the applications of the 12 technologies that we have sized may be denominated in the tens of trillions of dollars per year. Some of this economic potential will end up as consumer surplus; a substantial portion of this economic potential will tranlate into new revenue that companies will capture and that will contribute to GDP growth. Other effects could include shifts in profit pools between companies and industries.
Library categoriesAnarchism & Action, Economics, Hacktivism, Neo-Luddism, Technology
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