– Abstract based on report by McKinsey and Company
Advancing technologies have always spurred economic growth and it’s accelerating even faster now. This comes as no surprise based on what we have been seeing in the rate of acceleration in development from end of the 1990s and through the beginning of 2000s. The days when internet and even basic computers were not so accessible and were considered luxury are not so far away.
“In the next decade we will experience more progress than in the past 100 years”
– Peter Diamandis
Some of the industries impacted by these technologies would be pharmaceuticals, health, transport & Logistics, automotive, advanced industries, chemicals, electronics, information, and telecommunication. Though the technologies are maturing at a fast pace, we are still struggling to find appropriate used cases for these in the relevant industries. But with fresh thoughts and vision we will soon breach this barrier into the future.
Credit: McKinsey and company – https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/the-top-trends-in-tech