This document discusses 12 potentially disruptive future technologies and their possible economic impacts, including mobile internet, internet of things, automation of knowledge work, cloud technology, advanced robotics, autonomous vehicles, next-generation genomics, energy storage, 3D printing, advanced materials, advanced oil and gas exploration, and renewable energy. It predicts that these technologies will result in billions more people having internet access, costs of sequencing the human genome to be $100 per hour, and renewable energy sources making up 16% of global electricity by 2025. The document argues that businesses should start adopting these technologies now by improving collaboration, customer offerings, processes, and decision-making using data analytics.
2. Twelve Potentially Economically
Disruptive Technologies of the Future
Technology
Explanation
Mobile Internet
Increasingly inexpensive and capable mobile computing devices and Internet connectivity
Internet of Things
Networks of low-cost sensors and actuators for data collection, monitoring, decision making, and process
optimization
Automation of Knowledge Work
Intelligent software systems that can perform knowledge work tasks involving unstructured commands
and subtle judgments
Cloud Technology
Use of computer hardware and software resources delivered over a network or the Internet, often as a
service
Advanced Robotics
Increasingly capable robots with enhanced senses, dexterity, and intelligence used to automate tasks or
augment humans
Autonomous and near-autonomous vehicles
Vehicles that can navigate and operate with reduced or no human intervention
Next-generation genomics
Fast, low-cost gene sequencing, advanced big data analytics, and synthetic biology (“writing” DNA)
Energy storage
Devices or systems that store energy for later use, including batteries
3D Printing
Additive manufacturing techniques to create objects by printing layers of material based on digital
models
Advanced Materials
Materials designed to have superior characteristics (e.g., strength, weight, conductivity) or functionality
Advanced oil and gas exploration and recovery
Exploration and recovery techniques that make extraction of unconventional oil and gas economical
Renewable energy
Generation of electricity from renewable sources with reduced harmful climate impact
Source : MGI Report , “Disruptive technologies: Advances that will transform life, business, and the global economy”
3. It is predicated that the connecting
rate of improvement and reach today,
will result in…
• 2 – 3 billion more people will have access to the Internet in 2025
• $5 – 7 trillion would be Potential economic impact by 2025 of automation
of knowledge work
• $100, 1 hour would be the Cost and time to sequence a human genome in
the next decade
• There will be 1.5 million Driver-caused deaths from car accidents in 2025,
potentially addressable by autonomous vehicles
• 100–200% Potential increase in North American oil production by 2025,
driven by hydraulic fracturing & horizontal drilling
• Potential share of solar and wind in global electricity generation will be
16% by 2025
4. Impact on Business…
These trends cannot be ignored and one will
have to make a beginning somewhere,
someplace, somehow…
So… why NOT start now?
5. Before we “start”, a few questions to
ponder on…
• How can we use the social matrix to improve collaboration and communication with customers, with
suppliers?
• How can we improve the product offerings based on by noting customer likes, wants and other behaviors
on the social matrix and drive value?
• Is there a possibility and opportunity for us to create value and improve business processes by collecting
and analyzing data through robotics / networked sensors connected to the machinery, workspaces and
customer touch-points?
• What are the Key Business Decisions that we can improve by bringing in big data analytics and
experimentation?
• Is there a possibility to monetize the data by creating a data-driven business model?
• Which products can be provided as a service, and how can IT help enable that?
• How can we use cloud to reach to new customers with existing products and services?
• Can we identify opportunities to make information gathering, communication and problem solving and the
work easier and more efficient by automating?
• How can we use IT to make the Customer experiences richer?
• How can we use data and infrastructure to create new products for existing and / or new customers?
6. Mobile-enabled solutions –
Opportunities in the Agro Industry
ATEE
RRAT
O
BBO
LLAA xteend
LL xt nd
Improving access to financial CCO e
O
)
too eASSE 2)
E2
t
services
A
(PPH
(H
Mobile Payment System
Micro-Insurance System
Micro-Lending System
Mobile Information Platform
act
Provision of agricultural information mppact
I m nee
CT I
EECT om-l-ilin
I I tt
DDRR oot tom11)
)
SE
nnbb HAASE
oo P H
( (P
Improving data visibility for supply chain
efficiency
Enhancing access to markets
Increasing access and affordability of financial
services tailored for agriculture
Farmer Helpline
Delivering information relevant to farmers,
such as agricultural techniques, use of
insecticides /pesticides, commodity prices
and weather forecasts
Smart Logistics
Traceability and Tracking System
Mobile Management of Supplier Networks
Optimizing supply chain management across
the sector, and delivering efficiency
improvements for transportation logistics
Mobile Management of Distribution
Networks
Agricultural trading platform
r
meer
toom ddd
us t - CCus eeAA d SSE
E
ll
HA
aauu (PPHA Agricultural tendering platform
VV s s (
ee
r r ic c )
eevvi 33)
SS
Agricultural bartering platform
Enhancing the link between commodity
exchanges, traders, buyers and seller of
agricultural produce
8. Other areas where IT can create
opportunities…
ERP / CRM /
Manufacturing
Systems &
Plant
Automation
9. How can it be done?
By doing things “differently”,
whilst Continuously Increasing Efficiency, Effectiveness, Agility of
existing Business Processes & Systems wherever possible…
10. Set the Enterprise IT Infrastructure
Agenda…
• To capture the next rounds of efficiencies
• To accelerate the transition to the next level infrastructure
• To reduce risks
• To improve organizational execution
11. Technology Shared Services & Centre
of Excellence (CoE) Model opportunity
• Consolidation of processes within the group in order to reduce
redundancies
• Delivers support processes as its core competency
• Could be a Separate organizational unit within the group
• Cost cutting is a major driver for implementation
• Clear focus on internal customers
• Operated like a business
14. Conclusion
• There are business opportunities through effective use of IT
• to reach out more effective and efficiently to our existing customers
• to be able to explore, create, strength existing markets and grow into newer markets
• to perhaps take a relook at the business, business functions, business processes and
systems from an “integrated and inclusive customer experience perspective”
• Customer today has access to technology / information / data, knows how
to use it for voicing his/ her likes, wants and other behavior. It is all about
the “social matrix”
• On the loft side, this may result in stricter compliance and regulatory controls to be
adhered to by Governmental agencies and local bodies
• It is fact that there are multiple initiatives across the globe on “connected
agriculture” that are fast gaining acceptance amongst farmers particularly
in the “not so developed” and “developing” regions and nations
• Disruptive Technologies cannot be ignored
• Trends show us that the mobile, internet of things, cloud computing etc. are and will
continue to rapidly change the way business in conducted in the future