With a growing noise about the next big thing, i have made an attempt to track and analyze few technologies likely to have the greatest disruptive impact on people, economies, and business models — such as mobile Internet, autonomous vehicles, and advanced genomics… have the potential to truly reshape the world in which we live and work.
“The future is already here – it’s just not evenly distributed,” William Gibson wrote. Better yet, business leaders should keep their organizational strategies updated to face continually evolving technologies — the ones not yet ready to change the world, but maybe in a few years.
The concept of disruptive technology was first introduced by Clayton M. Christensen in “The Innovator’s Dilemma” way back in 1995. Such technologies, like the digital camera and mobile phones, introduce such novel concepts that they displace existing technology quickly by societal standards.
In this time of constant change, here’s what to look for:
Mobile internet – increasingly inexpensive and capable mobile computing devices and Internet connectivity. Value: $25 trillion Interaction and transaction worker employment costs, 70% of global employment costs.
Automation of knowledge work – Intelligent software systems that can perform knowledge work tasks involving unstructured commands and subtle judgments Value: $9+ trillion
Cloud technology – Use of computer hardware and software resources delivered over a network or the Internet, often as a service Value: $1.7 trillion
Advanced robotics – increasingly capable robots with enhanced senses, dexterity, and intelligence used to automate tasks or augment humans Value: $6 trillion
Autonomous and near autonomous vehicles – Vehicles that can navigate and operate with reduced or no human intervention Value: $4 trillion
Next generation genomics – Fast, low-cost gene sequencing, advanced big data analytics, and synthetic biology (“writing” DNA) Value: $6.5 trillion
Energy storage – Devices or systems that store energy for later use, including batteries Value: $2.5 trillion
3D printing – Additive manufacturing techniques to create objects by printing layers of material based on digital models value: $11 trillion
Advanced materials – Materials designed to have superior characteristics (e.g., strength, weight, conductivity) or functionality Value: $1.2 trillion
Advanced oil and gas exploration and recovery – Exploration and recovery techniques that make extraction of unconventional oil and gas economical Value: $3.4 trillion
Renewable energy – Generation of electricity from renewable sources with reduced harmful climate impact Value: $80 billion
Internet of things – Networks of low-cost sensors and actuators for data collection, monitoring, decision making, and process optimization Value: $36 trillion.