Rajiv Kumar

10 technologies that will transform the future global economy

Blog Post created by Rajiv Kumar on Aug 17, 2017

The future global workforce is undergoing a massive shift that many are calling the “fourth industrial revolution.” According to a World Economic Forum report, nearly a third of the most important skillsets will be comprised of skills not yet considered crucial to the job today.

How will your organization fill these crucial roles with skillsets that are just beginning to emerge? Business’ abilities to keep up with these technology trends will provide significant opportunities for growth.

Learn what technological change means for your workforce and how you can prepare to meet the demands of the market in 2025 and beyond.

 

10 technologies that will transform the global economy 
With so many technologies emerging on so many fronts, it’s a challenge to keep up. Every advance is billed as “the next big thing.” 10 technologies that will lead the fourth industrial revolution.

“Not every emerging technology will alter the business or social landscape – but some truly do have the potential to disrupt the status quo, alter the way people live and work, and rearrange value pools.”

 

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1. Mobile Internet
Interfaces, formats, sensors and apps will evolve as mobile computing devices dominate internet connectivity. By 2025, mobile connectivity could be accessed by an additional 4.3 billion people.

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2. Artificial Intelligence
Machine learning and user interfaces such as speech and gesture recognition technology will advance to increase productivity or eliminate some knowledge work altogether. 

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3. Virtual and augmented reality
Goldman Sachs is betting on the virtual and augmented reality industry to become an $80 billion market by 2025 – it’s around $7 billion right now. Major upgrades will come to technology infrastructure and an ecosystem of apps will form for consumers and enterprises alike. 

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4. Cloud technology
One of the biggest buzzwords of the last decade will continue to impact the next. Nearly all IT services and web apps could be delivered through the cloud with more enterprises using the public cloud as cyber security improves.

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5. Internet of Things
More than 9 billion devices are currently connected to the internet – that number is estimated to grow between 50 billion to nearly 1 trillion in the next decade. Organizations will face monitoring and securing products, systems, devices and even people.

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6.  Advanced robotics
Advances in artificial intelligence, machine vision, sensors, motors, hydraulics and materials will change the way products and services are delivered. A surge in tech talent for building, operating and maintaining advanced robots will occur. 

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7. Biometric technology 
A recent survey of security professionals revealed that 72 percent of companies are planning to drop traditional passwords by 2025. This will give rise to new authorization services for face, voice, eye, hand and signature identification. 

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8. 3D printing
3D printing could enable unprecedented levels of mass customization and dramatically reduce the cost of supply chains generating an estimated economic impact of $230 to $550 billion annually by 2025. 

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9. Genomics
Genetic engineering technology will grow with faster computer processing speeds. DNA sequencing technologies and advanced analytics will improve agricultural production, reduce reliance on fossil fuels and extend human life expectancy. 

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10. Blockchain 
Blockchain is best known in the context of virtual currency Bitcoin, but a recent report showed 64 different use cases of blockchain across 200 companies. Streamlined, secure contracting and transacting will drive commercial use.

Stay ahead of change with new technology learning platforms.

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