Innovations will be more mind boggling in the coming days. Here’s how.
A report by McKinsey says that disruptive technologies in the future could have a potential economic impact between $14 trillion and $33 trillion a year by 2025. What are the technologies that will contribute to this economic impact?
The components of future disruptions will be artificial intelligence, natural user interfaces and big data. These intelligent software systems will provide services in finance, diagnostics, education and legal sectors.
Internet of Things has already seeped into the technology world. In the future, this technology can make a big impact in manufacturing, health care and mining.
Advanced robotics offers the potential to improve the lives of 50 million amputees and those with impaired mobility. Components like advanced robotics dexterity, sensors and exoskeletons will come into play to support differently-abled communities.
Autonomous or near autonomous vehicles can navigate and operate autonomously or semi autonomously in many situations and have advanced sensors like GPS, radar and computer vision. They could also save 30,000 to 150,000 lives which otherwise are lost in fatal road accidents.
According to McKinsey, genomics-based diagnoses and treatment will extend patients’ lives by six months to two years, by 2025. It will also have a potential 75 percent impact on enhancing and extending lives.
Advanced materials are materials that have superior characteristics such as better strength and conductivity. Nanomedicine could be used in the targeted drugs provided to 20 million cancer patients worldwide by 2025.
The first reusable rocket was launched on November 23rd 2015 by Jeff Bezos’s Blue Origin and Elon Musk’s Space X. If rockets can regularly be refuelled, spaceflight could become a hundred times cheaper.