– 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

  • Net level process automation and process virtualization
    • Industrial IoT
    • Robots
    • Cobots (Collaborative bots)
    • RPA (Robotic Process automation)
    • Digital twins
    • 3D/4D printing
  • Future of connectivity
    • 5G and IoT connectivity
  • Distributed Infrastructure
    • Cloud and edge computing
  • Next generation computing
    • Quantum computing
    • Neuromorphic chips (Application-specific integrated chips)
  • Applied AI
    • Computer vision
    • Natural language processing
    • Speech technology
  • Future of Programming
    • Software 2.0
  • Trust Architecture
    • Zero-trust Security
    • Blockchain

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