Disruptive Technologies That Will Change Business

Disruptive Technologies That Will Change Business

Disruptive Technologies That Will Change Business

Built for Speed  In 1975, it cost $5 million to build the world's fastest supercomputer. Today, you can buy a smartphone with the same performance for $400.

We hear and use the phrase "disruptive technology" all the time. But what does it really mean? To illustrate its bottom-line impact, McKinsey & Co. has come out with an in-depth report that details disruptive technologies that have dramatically transformed today's world and compares some of them with relevant older technologies. A section from the report, "Disruptive Technologies: Advances That Will Transform Life, Business and the Global Economy," produced by the McKinsey Global Institute, conveys how the following game-changing technologies are supporting business drivers such as IT productivity, computing speed, labor-cost reduction, performance standards and the total cost of ownership of technology. TCO is key, as the increasing affordability of IT has commoditized it, enabling organizations to pursue larger goals. Featured technologies include supercomputers, mobile devices, the Internet of Things and even autonomous cars. With more than 230 million knowledge workers employed in 2012, it's safe to say that continued progress within these specific innovations will accelerate at staggering speeds in the next two or three years, as these workers seek faster, cheaper, better ways to get the job done.

Dennis McCafferty is a freelance writer for Baseline Magazine.
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