McKinsey & Company highlighted the opportunities and technological trends this year.
Technology continues to be a major catalyst for change in the world, said McKinsey & Company, highlighting in one of its latest publications that technological advances provide companies, governments and social sector institutions with more possibilities to increase productivity, invent and reinvent offerings contributing to the advancement of institutional welfare worldwide.
“While it remains difficult to predict how technology trends will develop, today’s executives can better plan by tracking the development of new technologies, anticipating how companies might use them, and understanding the factors that affect innovation and adoption within organizations,” explains Antonio Novas, partner and managing director of McKinsey & Company in the Dominican Republic.
Based on the trend research shared by the McKinsey Technology Council, this year it presented together with its internal and external experts, 14 major technology trends that are already developing today, adding new data and deeper analysis to provide a more granular assessment of trends in two thematic groups: Silicon Age (Concept also known as The Digital Age or the Information Age), which covers digital and IT technologies (Information Technology), and Engineering Tomorrow, which covers physical technologies in domains such as energy and mobility.
“To describe the advantages and characteristics of the trends we present below, we developed innovation scores based on patents and research, and interest, based on news and web searches; we also counted investments in relevant technologies and rated their level of application by organizations,” Novas explained about the criteria applied within the selection method.
Applied AI and advanced connectivity
Machine learning trained models may be used to solve classification, prediction and control problems to automate activities, add or augment capabilities and offerings, while 5G/6G cellular, low-power wireless, low-Earth orbit satellites and other technologies will enable a host of digital solutions that could drive growth and productivity across industries.
Future of bioengineering and future of clean energy.
Converging biological and information technologies improve human health and performance, transform food value chains, and create innovative products and services, just as clean energy solutions will help drive the race to zero net greenhouse gas emissions across the entire energy value chain, from energy generation to energy storage and distribution.
Future of mobility and future of sustainable consumption
Mobility technologies will aim to improve the efficiency and sustainability of land and air transportation of people and goods, while, sustainable consumption could transform industrial and individual consumption through technology to address environmental risks, including climate change.
Web3 / industrializing machine learning
Web3 includes platforms and applications that enable shifts towards a future decentralized Internet with open standards and protocols while protecting digital property rights and giving users greater ownership of their data, on the other hand, industrialized machine learning will use software and hardware solutions to accelerate developments and to support performance monitoring, stability and continuous improvement.
Immersive reality technologies and cloud and perimeter computing.
Immersive reality technologies use spatial sensing and computing technologies to help users “see the world differently” through mixed or augmented reality or “see a different world” through virtual reality. Cloud and perimeter computing involves distributing compute workloads across remote data centers and local nodes to improve data sovereignty, autonomy, resource productivity, latency and security.
Trust and digital identity architectures and the future of space technologies.
Digital trust technologies will enable organizations to build, scale and maintain stakeholder confidence in the use of their digitally enabled data, products and services while advances and cost reductions in satellites, launchers and habitation technologies will enable innovative space operations and services.
Quantum technologies and next-generation software development.
Quantum-based technologies could provide an exponential increase in computational performance for certain problems and transform networks by making them more secure. Next-generation tools aid in the development of software applications, improving processes and software quality; tools include AI-enabled development and testing and low-code or no-code platforms.
According to the president of the Free Trade Zones Association of the Americas, Juan Pablo Rivera, the DR achieved regional relevance after including diversification technologies for its production chain, incorporating advanced machinery and procedures that have made the Free Trade Zones mercantile activity a more efficient process contributing to a greater added value to the Dominican economy.
To evaluate the development of each technological trend, the McKinsey team collected data on five tangible measures of activity including: search engine queries, news publications, patents, research publications and investment. For each measure, a defined set of data sources was used to find keyword occurrences associated with each of the 14 trends presented.
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