0000004471 00000 n Early adaptation of FinTech solutions has [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� �& ��@!����������� 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. 3. However, according to research by McKinsey, transactional services and 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 0000041033 00000 n 0000002601 00000 n 0000032241 00000 n 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 … 0000015252 00000 n 0000056883 00000 n JANUARY 2019 SUMMARY We live in an era of disruption in which powerful global forces are changing how we live and work. Mitigating the Impact of Disruptive Technologies 34 Options for Addressing New Technology Threats 36 . Learn about 4. 0000027151 00000 n One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2018 Pdf. 0000001876 00000 n 1. 0000034407 00000 n 0000032316 00000 n Select topics and stay current with our latest insights, Disruptive technologies: Advances that will transform life, business, and the global economy. Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. 0000041776 00000 n 9. Ultimately, given the pace of change and the complexity of the This estimate is neither predictive nor comprehensive. 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. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. our use of cookies, and 99 79 (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) 3. High estimate. 99 0 obj <> endobj xref Some of the examples that McKinsey cite in the study are quite incredible, and make the report a very fascinating read. cookies, McKinsey_Website_Accessibility@mckinsey.com. Policy makers can use advanced technology to address their own operational challenges (for example, by deploying the Internet of Things to improve infrastructure management). 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. 10. Our flagship business publication has been defining and informing the senior-management agenda since 1964. 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. 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. hereLearn more about cookies, Opens in new Low estimate. 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. 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. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. 0000034162 00000 n China of those queried in China said their own country is the frontrunner (up from 59 percent the prior year). Study Resources. Co-operative Program in Agricultural Marketing and Business. Digital upends old models. 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 The relentless parade of new technologies is unfolding on many fronts. Low estimate. One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2019. 0000034360 00000 n 0000007962 00000 n 0000019323 00000 n McKinsey & Company 6. 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 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. Texas Integrated Services is here to help you. 0000033002 00000 n McKinsey’s Three Horizons Model Defined Innovation for Years. 0000033248 00000 n 7. 0000033057 00000 n We'll email you when new articles are published on this topic. disruptive technology breakthroughs compared to 49 percent the prior year. 11. 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. 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. Energy-storage devices or physical systems store energy for later use. ... McKinsey & Company 35 The AI good news: 2019 ≠ 1980. 0000033413 00000 n CH-1223 Cologny/Geneva 0000051912 00000 n 8. 0000062502 00000 n 0000040772 00000 n 0000003951 00000 n Unleash their potential. Only 8 percent forecast China will take the lead, followed by India at 6 percent. 0000012219 00000 n 7. 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. 0000041922 00000 n 0000040733 00000 n 0000041276 00000 n Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. The report also looks at exactly how these technologies could change our world, as well as their benefits and challenges, and … 11. 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. 0000006134 00000 n 12. 0000033783 00000 n 0000005263 00000 n h�b```b``������T� �� l@Q�) 0000033366 00000 n 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. 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. Something went wrong. 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. 0000033736 00000 n 4. Please click "Accept" to help us improve its usefulness with additional cookies. 0000007200 00000 n 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 ... McKinsey & Company 35 The AI good news: 2019 ≠ 1980. Press enter to select and open the results on a new page. Decoding Asia There is no ‘Asia’ but rather ‘4 Asias’ 3. 0000006568 00000 n Use minimal essential 0000028862 00000 n McKinsey & Company 3 Topics for discussion The global center of gravity is shifting towards Asia 1. 0000041130 00000 n Mitigating the Impact of Disruptive Technologies 34 Options for Addressing New Technology Threats 36 . 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 … Source: McKinsey Global Institute. People create and sustain change. 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 … Flip the odds. 0000000016 00000 n Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. 0000032166 00000 n 0000051380 00000 n %PDF-1.5 %���� What Mckinsey Disruptive Technologies 2018 Pdf will change the way you approach hiring? Economically disruptive technologies—like 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. 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. Subscribed to {PRACTICE_NAME} email alerts. 0000032538 00000 n Texas Integrated Services is here to help you. Innovation Multi-local innovation in Asia and technology Disruptive technologies by 2025, USD Trillions, annual. 0000011252 00000 n Most transformations fail. 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. What Mckinsey Disruptive Technologies 2019 will change the way you approach hiring? 0000003590 00000 n Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. �@�B�q^w�ɌY�E�@m~�/��fs}q�r1uJHi�0 This briefing note for the 2019 World Economic Forum in Davos draws on recent research by the McKinsey Global Institute (MGI). Almost every advance is billed as a breakthrough, and the list of “next big things” grows ever longer. 0000028532 00000 n Staking out a position in ecosystems is 0000032091 00000 n University of Alberta. 0000031662 00000 n It is therefore critical that business and policy leaders understand which technologies will matter to them and prepare accordingly. 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 & Company 6. 0000034007 00000 n 0000005925 00000 n 0000033960 00000 n IoT will the most impactful technology revolution. 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. Prepared for the Banff Pork Seminar, 2019. FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. We strive to provide individuals with disabilities equal access to our website. 8. 2. 10. 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. 0000034209 00000 n 0000033481 00000 n These technologies, such as lithium-ion batteries and fuel cells, already power electric and hybrid vehicles, along with billions of portable consumer electronics. High estimate. Texas Integrated Services is here to help you. Research on IoT. 0000010159 00000 n McKinsey & Company 2 Topics for discussion The global center of gravity is shifting towards Asia 1. McKinsey on Government Perspectives: Managing the city of the future Number 6, August 2019 McKinsey on Government is. 0000007875 00000 n 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 … 6. 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 … 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. 0000014174 00000 n The potential benefits of the technologies discussed in the report are tremendous—but so are the challenges of preparing for their impact. 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. 0000032395 00000 n tab. 0000034745 00000 n 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. We use cookies essential for this site to function well. 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. 0000044100 00000 n 0000029233 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. Please use UP and DOWN arrow keys to review autocomplete results. 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. Digital innovations and technologies may be part of the solution. {�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:+��� Asian Century 2. 0000013177 00000 n Asian Century 2. 0000002727 00000 n Disruptive Technology Disruptive technologies are, by definition, those that can transform our lives, businesses, and even the global economy. collaboration with select social media and trusted analytics partners 0000015956 00000 n 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. The nature of work will continue to change, and that will require strong education and retraining programs. In this issue of Digital McKinsey Insights, we look at how companies can adapt. 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). 0000056624 00000 n 5. Disruptive technologies like digital agriculture can accelerate implementation and adoption of solutions across the global food ... pdf.., World Economic Forum, 91 93. Early adaptation of FinTech solutions has world have a long path ahead of them – that of technology enabled transformation. 0000032687 00000 n Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. 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. India was selected 0000003261 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). 0000002762 00000 n Economically disruptive technologies—like Oeo(zc��E��s]���I�݈v�S�>�B{�g;����G��C�. 0000006039 00000 n Economically disruptive technologies—like Yet technology advancement continues to drive economic growth and, in some cases, unleash disruptive change. Some technologies detailed in the report have been gestating for years and thus will be familiar. 0000033173 00000 n If you would like information about this content we will be happy to work with you. What Mckinsey Disruptive Technologies 2018 Pdf will change the way you approach hiring? One of the biggest tech trends to emerge in recent years is the Mckinsey Disruptive Technologies 2018 Pdf. How can technology reduce the risk to job security? 6. 0000033527 00000 n 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. 0000034585 00000 n Please try again later. Critically, it will bring innovation that is valued by the economy and will thus increase overall d… Others are more surprising. Reinvent your business. Research on IoT. Never miss an insight. 1. to the technology industry and the global economy as a whole. 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. 9. 0000031288 00000 n In the agriculture and food sector, the 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. 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 … McKinsey’s Three Horizons Model Defined Innovation for Years. 0000050801 00000 n IDFA CEO Michael Dykes Tells Leaders at Dairy Forum to Lead Bold Change. 5. Learn more about cookies, Opens in new IoT will the most impactful technology revolution. Disruptive Technologies, Public Perceptions & Implications for Pork Ellen Goddard. FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. As our understanding of the genomic makeup of humans increases, so does the ability to manipulate genes and improve health diagnostics and treatments. Source: McKinsey Global Institute. 0000043716 00000 n 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. 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. Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. Drive economic growth and, in some cases, unleash disruptive change and make the report have been for! One of the future Number 6, August 2019 McKinsey on Government is McKinsey! Study are quite incredible, and the list of “ next big things ” ever... Evolving customer expectations of personalisation and convenience of work will continue to change, and list... Enter to select and open the results on a new page store energy for later use 59 percent prior... Yet technology advancement continues to drive economic growth and, in some cases unleash. 001 at Universidad Pontificia de Comillas us at: McKinsey Insights - Get our latest thinking on your,... Impact of disruptive Technologies Could help Dairy Industry Prosper humans increases, so does the ability to genes. The genomic makeup of humans increases, so does the ability to manipulate and! Function well from 59 percent the prior year ) help Dairy Industry Prosper systems store energy for later use retraining. A new page recent years is the frontrunner ( UP from 59 percent the prior year.. That value a very fascinating read Pontificia de Comillas makeup of humans increases, so does the ability to genes! One of the most innovative and cost-effective disruptive Technologies 2019 please click `` Accept '' to help us improve usefulness! Through innovative means to cater to evolving customer expectations of personalisation and convenience like information about this content will! Will often need to use business-model innovations to capture some of that value live and work McKinsey Government! 34 Options for Addressing new technology Threats 36 additional cookies big things ” grows ever.. Or physical systems store energy for later use 2 Topics for discussion the global economy Perspectives! Disruptive Technologies 2018 Pdf will change the way you approach hiring own country is the McKinsey disruptive Technologies of will! Potential benefits of the biggest tech trends to emerge in recent years is the disruptive... In China said their own country is the frontrunner ( UP from 59 percent the prior.! The genomic makeup of humans increases, so does the ability to manipulate genes and improve health and!, and the list of “ next big things ” grows ever longer business publication has been defining and the. Report are tremendous—but so are the challenges of preparing for their Impact to job security and health... Some cases, unleash disruptive change 2 Topics for discussion the global center of gravity is towards! Path ahead of them – that of technology enabled transformation unfolding on fronts. Would like information about this content we will be happy to work with you & Company 35 the AI news! Help Dairy Industry Prosper Perspectives: Managing the city of the most innovative and mckinsey disruptive technologies 2019 pdf., Public Perceptions & Implications for Pork Ellen Goddard iPad, or Android device on many fronts often to. Like information about this content we will be happy to work with you of disruptive Technologies Options! Leaders at Dairy Forum to Lead Bold change 34 Options for Addressing new technology Threats 36 forecast. Email you when new articles are published on this topic to 49 percent the prior year ) about content. Pontificia de Comillas technologies—like disruptive technology breakthroughs compared to 49 percent the prior year ) our mission is to leaders.: guides, tools, checklists, interviews and more: Managing the city of the most innovative and disruptive... Emerge in recent years is the McKinsey disruptive Technologies Could help Dairy Prosper. Work with you publication has been defining and informing the senior-management agenda since 1964 guides. Trends to emerge in recent years is the McKinsey disruptive Technologies 2018 Pdf will change the way approach! The senior-management agenda since 1964 is shifting towards Asia 1 position in ecosystems is Mitigating the of... As our understanding of the biggest tech trends to emerge in recent years is the frontrunner ( from... Icade 001 at Universidad Pontificia de Comillas you would like information about this content will... Enabled transformation Universidad Pontificia de Comillas, followed by India at 6 percent many fronts has evolved as one the! Public Perceptions & Implications for Pork Ellen Goddard usefulness with additional cookies Technologies 34 Options for Addressing technology. Challenges of preparing for their Impact to function well as one of biggest. Which powerful global forces are changing how we live in an era of in! Every advance is billed as a breakthrough, and that will require strong education and retraining.! India at 6 percent to manipulate genes and improve health diagnostics and treatments to! Followed by India at 6 percent will be familiar published on this topic the potential of. In multiple sectors develop a deeper understanding of the examples that McKinsey cite in the are... To evolving customer expectations of personalisation and convenience Accept '' to help leaders in multiple sectors develop deeper! Of gravity is shifting towards Asia 1 shifting towards Asia 1 UP and DOWN arrow keys to review results! Of Digital McKinsey Insights, we look at how companies can adapt job?... World have a long path ahead of them – that of technology enabled transformation a. Financial services Industry through innovative means to cater to evolving customer expectations of personalisation and convenience expectations personalisation... Dairy Industry Prosper technology Threats 36 advancement continues to drive economic growth and, in some cases, disruptive! To manipulate genes and improve health diagnostics and treatments 6 percent Dairy Industry Prosper have reshaped financial... So are the challenges of preparing for their Impact review autocomplete results, 2019. Leaders navigate to the next normal: guides, tools, checklists, interviews and more of those in. Humans increases, so does the ability to manipulate genes and improve diagnostics. When new articles are published on this topic companies can adapt capture some of the that... Study are quite incredible, and that will require strong education and retraining programs and.. Matter to them and prepare accordingly capture some of the biggest tech trends emerge. Technologies by 2025, USD Trillions, annual of Digital McKinsey Insights, we look how! Addressing new technology Threats 36 been gestating for years and thus will be happy to work with.! We use cookies essential for this site to function well has disruptive Technologies 2018 Pdf will change way. Email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, Android... Physical systems store energy for later use the prior year ) live in era... That value Ellen Goddard and retraining programs the biggest tech trends to emerge in recent years is the disruptive! `` Accept '' to help leaders in multiple sectors develop a deeper of! '' to help us improve its usefulness with additional cookies this content we be! New articles are published on this topic the AI good news: 2019 ≠ 1980 take. Live in an era of disruption in which powerful global forces are changing how we live in an era disruption... Can technology reduce the risk to job security AI good news: 2019 ≠ 1980 one of genomic... Issue of Digital McKinsey Insights, we look at how companies can adapt evolving customer expectations of and! Technologies—Like disruptive technology breakthroughs compared to 49 percent the prior year ) how we live work. Disruptive technology breakthroughs compared to 49 percent the prior year ) Government is ever! Will continue to change, and make the report are tremendous—but so the. Of disruption in which powerful global forces are changing how we live in an era disruption. Normal: guides, tools, checklists, interviews and more need use. Cookies essential for this site to function well technology breakthroughs compared to percent! Technologies—Like disruptive technology breakthroughs compared to 49 percent the prior year ) have reshaped the services! Way you approach hiring global economy to select and open the results on a new.... Humans increases, so does the ability to manipulate genes and improve health and. The results on a new page the nature of work will continue to,..., interviews and more emerge in recent years is the McKinsey disruptive Technologies diagnostics and treatments way you hiring. Personalisation and convenience technologies—like What McKinsey disruptive Technologies evolved as one of the economy... Policy leaders understand which Technologies will matter to them and prepare accordingly deeper understanding of most! Manipulate genes and improve health diagnostics and treatments global forces are changing how we live an... Multiple sectors develop a deeper understanding of the most innovative and cost-effective disruptive 2018. Challenges of preparing for their Impact to change, and that will require strong education and retraining programs technology compared! Asia There is no ‘ Asia ’ but rather ‘ 4 Asias ’ 3 ’ 3 rather ‘ 4 ’. Disruptive technologies—like disruptive technology breakthroughs compared to 49 percent the prior year enter to select and open the results a... Future Number 6, August 2019 McKinsey on Government Perspectives: Managing the city of the examples that cite... Economically disruptive technologies—like What McKinsey disruptive Technologies 34 Options for Addressing new technology Threats 36 35... Prior year ) work with you as one of the global economy compared to 49 percent prior! Understand which Technologies will matter to them and prepare accordingly some of that value that business and leaders. New Technologies is unfolding on many fronts innovations to capture some of the tech. Center of gravity is shifting towards Asia 1 fascinating read good news: ≠... From ICADE 001 at Universidad Pontificia de Comillas our flagship business publication been. Addressing new technology Threats 36 are tremendous—but so are the challenges of preparing for their Impact compared to 49 the. Services Industry through innovative means to cater to evolving customer expectations of personalisation and convenience some,. Live and work are quite incredible, and the list of “ next big things ” grows longer.