The McKinsey Global Institute identifies 12 technologies that could drive truly massive economic transformations and disruptions in the coming years. 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. This estimate is neither predictive nor comprehensive. 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. Some technologies detailed in the report have been gestating for years and thus will be familiar.
1. Mobile Internet $3.7-10.5 trillion
2. Automation of knowledge work $5.2-6.7 trillion
3. Internet of things $2.7-6.2 trillion
4. Cloud $1.7-6.2 trillion
5. Advanced robotics $1.7-4.5 trillion
6. Autonomous or near-autonomous cars $0.2-1.9 trillion
7. Next generation genomics $0.7-1.6 trillion
These can be compared to what GDP is expected to be added by leading countries (without currency or inflation adjustment.
1. China $10-20 trillion
2. United States 4-7 trillion
3. India $2-4 trillion
4. Indonesia $1.5-2.5 trillion
5. Brazil $1-2 trillion
6. Japan $1-2 trillion
7. South Korea $1 trillion
8. Mexico $1 trillion
9. Russia $1 trillion
Worldbank 2011 report on global development horizons
McKinsey forecasted urban GDP growth by country
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.