Documenting the Coming Singularity

Saturday, May 25, 2013

12 Disruptive Technologies - Will Add Trillions to Economy

Real Clear Technology

The bottom line: renewable advances will deliver $0.2-$0.3 trillion to the economy by 2025.
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One of the most common words attached to technology these days is "disruption." The very term conjures up something uncomfortable, but while technology unquestionably impacts and disrupts established methods of doing things, it also delivers enormous value to our lives.

The global research firm McKinsey has spents years quantifying this value in concrete dollar terms. They've released a new, wide-ranging report that identifies 12 potentially game-changing technological developments that will deliver significant economic impacts to the global economy by 2025. To make the cut, the technology had to have a broad scope with the potential for massive economic impact. What's more, McKinsey has put an estimated price tag on each one of these disruptive innovations, claiming they will deliver tens of trillions (yes, with a "t") of dollars of economic impact worldwide, should they come to pass.

The report, as you might guess, is fundamentally optimistic about the potential for new technology to "raise productivity and provide widespread benefits across economies." Here are the technologies that McKinsey sees adding trillions of dollars to the global economy by 2025.

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