10 technologies that will transform the global economy by 2025
With so many new technologies being developed in so many areas, it's not so easy to keep up. Every development is immediately considered "the next big thing." We've compiled a list of ten technologies that will play a key role in the fourth industrial revolution. For this, we have drawn on a report by the McKinsey Global Institute (MGI) and insights from Pluralsight experts. In the words of MGI, "Not every new technology will have a fundamental impact on our business or social lives - but some have real potential to change the status quo, upend the way we work and live, and reorder value pools."
More and more users are using mobile devices to access the Internet. As a result, user interfaces, formats, sensors and apps are constantly evolving. By 2025, another 4.3 billion people could be using the mobile Internet.
2. Artificial intelligence
Machine learning and user interfaces such as speech and gesture recognition are constantly evolving, not only enabling higher productivity but also reducing knowledge workload.
3. Virtual and augmented reality
Goldman Sachs predicts that the virtual and augmented reality industry will turn over a whopping $80 billion by 2025, up from $7 billion currently. Technology infrastructures will be upgraded on a large scale and a new app ecosystem will emerge for consumers and businesses alike
One of the most significant technologies of the last decade will be with us for the next few years. Almost all IT services and web apps could be delivered via the cloud. Given the ever-improving cybersecurity, more and more companies are using the public cloud.
Currently, over 9 billion devices are connected to the Internet. Over the next decade, it is estimated that this number will grow to between 50 billion and 1 trillion. Organizations will then face the challenge of integrating and protecting products, systems, devices, and even users.
Advances in artificial intelligence, machine vision, sensors, motors, hydraulics and materials will change the way products and services are delivered. In the future, there will be more technical professionals to develop, operate, and maintain sophisticated robots.
7. Biometric technologies
A recent survey of security experts found that 72 percent of companies intend to stop using traditional passwords by 2025. This paves the way for new authorization services around facial, voice, iris, hand and signature recognition.
3D printing could enable entirely new levels of individualized mass production and dramatically reduce supply chain costs. By 2025, the overall economic impact is estimated to be between $230 billion and $550 billion per year.
Genetic engineering will evolve even further thanks to increasingly powerful computers. DNA sequencing and advanced analysis will improve agricultural production, reduce our dependence on fossil fuels, and increase life expectancy.
Blockchain technology is best known in the context of the cryptocurrency Bitcoin. However, a recent report highlighted 64 different use cases of blockchain across 200 companies. Secure, streamlined contracts and transactions will drive commercial use.