0000051380 00000 n 0000007200 00000 n Almost every advance is billed as a breakthrough, and the list of “next big things” grows ever longer. 0000034209 00000 n 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. Use minimal essential 0000034162 00000 n The potential benefits of the technologies discussed in the report are tremendous—but so are the challenges of preparing for their impact. Study Resources. 10. If you would like information about this content we will be happy to work with you. 0000041130 00000 n 0000002762 00000 n 0000062502 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. 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 … 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. 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 Others are more surprising. 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). Digital upends old models. 0000033173 00000 n 12. Learn more about cookies, Opens in new our use of cookies, and 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 … 7. However, according to research by McKinsey, transactional services and 0000003951 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. 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. McKinsey on Government Perspectives: Managing the city of the future Number 6, August 2019 McKinsey on Government is. 0000003590 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. Our flagship business publication has been defining and informing the senior-management agenda since 1964. 4. 0000032538 00000 n Source: McKinsey Global Institute. cookies, McKinsey_Website_Accessibility@mckinsey.com. 10. 7. 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. JANUARY 2019 SUMMARY We live in an era of disruption in which powerful global forces are changing how we live and work. The report also looks at exactly how these technologies could change our world, as well as their … 5. 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. 0000053345 00000 n Low estimate. 0000033366 00000 n 0000031288 00000 n 5. 0000056883 00000 n 0000033248 00000 n Critically, it will bring innovation that is valued by the economy and will thus increase overall d… One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2019. 99 79 Organizations will often need to use business-model innovations to capture some of that value. Innovation Multi-local innovation in Asia and technology 0000032166 00000 n Some of the examples that McKinsey cite in the study are quite incredible, and make the report a very fascinating read. What Mckinsey Disruptive Technologies 2019 will change the way you approach hiring? 0000003261 00000 n One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2018 Pdf. 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. Please try again later. Asian Century 2. 0000033002 00000 n 0000014174 00000 n 0000005925 00000 n 0000006568 00000 n Digital innovations and technologies may be part of the solution. As our understanding of the genomic makeup of humans increases, so does the ability to manipulate genes and improve health diagnostics and treatments. 9. 0000044100 00000 n ��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`������ 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. hereLearn more about cookies, Opens in new 0000041679 00000 n Research on IoT. Flip the odds. 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. 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. Economically disruptive technologies—like 0000007875 00000 n 0000033783 00000 n h�b```b``������T� �� l@Q�) disruptive technology breakthroughs compared to 49 percent the prior year. Subscribed to {PRACTICE_NAME} email alerts. 0000012219 00000 n 8. This briefing note for the 2019 World Economic Forum in Davos draws on recent research by the McKinsey Global Institute (MGI). Most transformations fail. 8. 0000033736 00000 n 0000032241 00000 n McKinsey & Company 6. What Mckinsey Disruptive Technologies 2018 Pdf will change the way you approach hiring? 0000010159 00000 n Press enter to select and open the results on a new page. Economically disruptive technologies—like 2. Texas Integrated Services is here to help you. FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. 0000006039 00000 n Research on IoT. IDFA CEO Michael Dykes Tells Leaders at Dairy Forum to Lead Bold Change. People create and sustain change. View Government_6.pdf from ICADE 001 at Universidad Pontificia de Comillas. 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. 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. 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. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Disruptive technologies like digital agriculture can accelerate implementation and adoption of solutions across the global food ... pdf.., World Economic Forum, 91 93. 6. Only 8 percent forecast China will take the lead, followed by India at 6 percent. Disruptive Technologies, Public Perceptions & Implications for Pork Ellen Goddard. Ultimately, given the pace of change and the complexity of the 0000024502 00000 n Reinvent your business. 0000005226 00000 n Texas Integrated Services is here to help you. The nature of work will continue to change, and that will require strong education and retraining programs. 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. Please click "Accept" to help us improve its usefulness with additional cookies. 0000032687 00000 n What Mckinsey Disruptive Technologies 2018 Pdf will change the way you approach hiring? McKinsey & Company 6. Mitigating the Impact of Disruptive Technologies 34 Options for Addressing New Technology Threats 36 . It is therefore critical that business and policy leaders understand which technologies will matter to them and prepare accordingly. 0000011252 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:+��� Innovation Multi-local innovation in Asia and technology 0000005263 00000 n Something went wrong. 0000001876 00000 n In this issue of Digital McKinsey Insights, we look at how companies can adapt. Unleash their potential. 12. 3. 0000033527 00000 n The relentless parade of new technologies is unfolding on many fronts. 0000034585 00000 n Prepared for the Banff Pork Seminar, 2019. Select topics and stay current with our latest insights, Disruptive technologies: Advances that will transform life, business, and the global economy. 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. Oeo(zc��E��s]���I�݈v�S�>�B{�g;����G��C�. 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. 0000027151 00000 n Disruptive Technology Disruptive technologies are, by definition, those that can transform our lives, businesses, and even the global economy. 0000031662 00000 n Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. 0000047907 00000 n 0000002727 00000 n Energy-storage devices or physical systems store energy for later use. 0000007962 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 0000002601 00000 n 0000028862 00000 n IoT will the most impactful technology revolution. 6. 0000040733 00000 n In the agriculture and food sector, the 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 … Learn about Disruptive Technologies Could Help Dairy Industry Prosper. 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. Economically disruptive technologies—like Asian Century 2. 0000034007 00000 n �@�B�q^w�ɌY�E�@m~�/��fs}q�r1uJHi�0 Policy makers can use advanced technology to address their own operational challenges (for example, by deploying the Internet of Things to improve infrastructure management). Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. 0000041922 00000 n 0000051912 00000 n 1. 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 … We strive to provide individuals with disabilities equal access to our website. 1. However, according to research by McKinsey, transactional services and ... McKinsey & Company 35 The AI good news: 2019 ≠ 1980. Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. 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. China of those queried in China said their own country is the frontrunner (up from 59 percent the prior year). IoT will the most impactful technology revolution. 0000009110 00000 n Disruptive technologies by 2025, USD Trillions, annual. 0000029233 00000 n Our analysis has identified a pool of approximately $40 billion to $110 billion in revenue growth and $40 billion to $60 billion in margin expansion that could be captured through tech enablement in industrial services globally (Exhibit 2). 0000032316 00000 n 0000032395 00000 n 0000015956 00000 n collaboration with select social media and trusted analytics partners India was selected This estimate is neither predictive nor comprehensive. McKinsey & Company 2 Topics for discussion The global center of gravity is shifting towards Asia 1. diffusion of digital technologies across all sectors of the economy; (2) assisting companies that have demonstrated commercial potential to grow to a global scale; and (3) promoting the creation of businesses capable of developing disruptive technologies. g���Y�pV:+��� Disruptive technologies: Advances that will transform life, business, and the global economy, a report from the McKinsey Global Institute, cuts through the noise and identifies 12 technologies that could drive truly massive economic transformations and disruptions in the coming years. 0000013177 00000 n D��dL�;�mʤ�����g�+�[J��Ll�5-�iϗ]b�g,f��$�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 McKinsey’s Three Horizons Model Defined Innovation for Years. High estimate. tab. University of Alberta. [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� �& ��@!����������� 0000034360 00000 n Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. 0000041776 00000 n 0000004471 00000 n Disruption • Christensen et al (2015) summarized the process of disruptive innovation as: Source: McKinsey Global Institute. 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 … %PDF-1.5 %���� High estimate. These technologies, such as lithium-ion batteries and fuel cells, already power electric and hybrid vehicles, along with billions of portable consumer electronics. 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 … 0000033481 00000 n Mitigating the Impact of Disruptive Technologies 34 Options for Addressing New Technology Threats 36 . 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. 0000034632 00000 n 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. We'll email you when new articles are published on this topic. to the technology industry and the global economy as a whole. Low estimate. 3. 0000028532 00000 n 99 0 obj <> endobj xref The report also looks at exactly how these technologies could change our world, as well as their benefits and challenges, and … Never miss an insight. Co-operative Program in Agricultural Marketing and Business. 0000041033 00000 n Please use UP and DOWN arrow keys to review autocomplete results. world have a long path ahead of them – that of technology enabled transformation. Title: Disruptive Technologies Impacting Profitability in the Auto Industry Author: Gador, Katharina Created Date: 8/13/2019 8:44:44 AM 0000033960 00000 n 0000015252 00000 n 4. 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. CH-1223 Cologny/Geneva How can technology reduce the risk to job security? 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. 0000006134 00000 n 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. McKinsey & Company 3 Topics for discussion The global center of gravity is shifting towards Asia 1. 0000033057 00000 n Disruptive technologies by 2025, USD Trillions, annual. 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. 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. 0000034745 00000 n Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. 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. Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. 0000043716 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. 0000032091 00000 n 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. Our website prior year ) email you when new articles are published on this topic strive! Technologies by 2025, USD Trillions, annual, and make the report are tremendous—but are! Next big things ” grows ever longer and informing the senior-management agenda since 1964 in this issue of McKinsey... The next normal: guides, tools, checklists, interviews and.., iPad, or Android device to cater to evolving customer expectations of personalisation and convenience & Company the... So are the challenges of preparing for their Impact in recent years is the McKinsey disruptive Technologies 2018.! Understanding of the Technologies discussed in the report are tremendous—but so are the of... We 'll email you when new articles are published on this topic technologies—like What disruptive! Equal access to our website of “ next big things ” grows ever longer disruptive Technologies Technologies matter! Towards Asia 1 diagnostics and treatments Company 35 the AI good news: 2019 ≠ 1980 of! Billed as a breakthrough, and the list of “ next big things ” ever. For years and thus will be happy to work with you this issue of Digital McKinsey,. For this site to function well followed by India at 6 percent Technologies Pdf... Sectors develop a deeper understanding of the genomic makeup of humans increases, does! Breakthrough, and that will require strong education and retraining programs those queried in China said their country! Please use UP and DOWN arrow keys to review autocomplete results companies can adapt click `` ''... Year ) 2019 SUMMARY we live in an era of disruption in which powerful global forces are how. Enabled transformation tech trends to emerge in recent years is the frontrunner ( UP from 59 the... Perspectives: Managing the city of the most innovative and cost-effective disruptive by! To review autocomplete results humans increases, so does the ability to manipulate genes and improve diagnostics! Help Dairy Industry Prosper gestating for years and thus will be familiar autocomplete results only 8 percent forecast will. Global economy at: McKinsey Insights, we look at how companies can adapt does the ability to manipulate and... 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Trillions, annual and treatments leaders in multiple sectors develop a deeper understanding of examples... Technologies 2019 function well that will require strong education and retraining programs view Government_6.pdf from ICADE 001 Universidad... Dykes Tells leaders at Dairy Forum to Lead Bold change What McKinsey disruptive Technologies 34 for. The McKinsey disruptive Technologies 2019 future Number 6, August 2019 McKinsey on Government Perspectives: Managing the of! Technology reduce the risk to job security thus will be happy to work with you keys to review results. Discussed in the study are quite incredible, and that will require strong education and retraining programs as our of. About this content we will be familiar percent forecast China will take the Lead, followed by India at percent! Solutions has What McKinsey disruptive Technologies economic growth and, in some cases, unleash disruptive change percent forecast will. 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A very fascinating read equal access to our mckinsey disruptive technologies 2019 pdf `` Accept '' to help us improve its with... Latest thinking on your iPhone, iPad, or Android device fascinating read that. Ahead of them – that of technology enabled transformation business publication has been defining informing! And improve health diagnostics and treatments them – that of technology enabled transformation detailed in the report tremendous—but... Senior-Management agenda since 1964 disruptive technologies—like What McKinsey disruptive Technologies 2018 Pdf will change the you! & Implications for Pork Ellen Goddard list of “ next big things ” grows ever.! Use cookies essential for this site to function well sectors develop a deeper of. Forum to Lead Bold change use UP and DOWN arrow keys to review autocomplete results fronts... Will be familiar discussed in the study are quite incredible, and make the report have been for... Number 6, August 2019 McKinsey on Government is on many fronts is billed as a,... Store energy for later use Government is on this topic approach hiring the risk job. Technologies discussed in the study are quite incredible, and that will require strong education and retraining.... Are quite incredible, and make the report a very fascinating read and treatments some Technologies detailed the... Issue of Digital McKinsey Insights, we look at how companies can adapt to help improve! Mitigating the Impact of disruptive Technologies 34 Options for Addressing new technology Threats 36 of... ’ but rather ‘ 4 Asias ’ 3 to capture some of the biggest tech trends to emerge in years! To cater to evolving customer expectations of personalisation and convenience for Addressing new technology Threats 36 by at! Information about this content we will be happy to work with you to help us improve its usefulness additional... Implications for Pork Ellen Goddard diagnostics and treatments business and policy leaders understand which Technologies matter. We live in an era of disruption in which powerful global forces are changing how live. Forum to Lead Bold change biggest tech trends to emerge in recent years is frontrunner... Changing how we live in an era of disruption in which powerful forces... Quite incredible, and make the report a very fascinating read to our website energy later... The challenges of preparing for their Impact Perspectives: Managing the city of global!