Author: Steve
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McKinsey, which is best known as a strategy consulting firm serving CEOs and seniors executives at large corporations, recently released its top trends in tech list.
They say the list was developed using a “unique methodology” that identifies the trends “most relevant to competitive advantage and technology investments.” The list is below (click to enlarge).
Despite McKinsey’s unique methodology, the list looks pretty similar to other technology trends list to us.
But McKinsey does a nice job of explaining the trends and why they are important. It’s also worth knowing what McKinsey is thinking because of their corporate C-suite and board influence.
And we like and agree with McKinsey’s view on what’s driving technological change. Key quote:
“Unifying and underlying them all is the combinatorial effect of massively faster computation propelling new convergences between technologies; startling breakthroughs in health and materials sciences; an array of new product and service functionalities; and a strong foundation for the reinvention of companies, markets, industries, and sectors.”
When we founded Emergent Research many years ago we debated whether or not to call ourselves Convergent Research instead.
We picked Emergent Research because at that time so many important trends were emerging – things like A.I., social media, cloud computing, big data, coworking, the gig economy and others.
But as McKinsey points out, convergences between technologies, social and economic trends have become increasingly powerful drivers of change. Because of this, we’d likely pick Convergent Research if we were choosing today.
Getting back to McKinsey’s trends report, it’s well worth reading if you’re interested in technology trends.