I was given to present last week to investment bankers, and wanted to share what I covered about 2021 Tech Trends and the impact of the COVID-19 Pandemic on the business adoption of tech innovations. I based this presentation on McKinsey’s publications and research.
I eluded to:
- Cloud (SaaS, PaaS, IaaS, DaaS),
- Artificial Intelligence (AI/ML),
- Internet of Things (IoT),
- High Connectivity (5G),
- Trusted Architectures (BlockChain),
- Robots, Cobots and RPA
- Software 2.0.
- 3D / 4D Printing
- and more…
Will your organization make the most of these trends to pursue new heights of rapid innovation, improved performance, and significant achievement?
“In the next decade, we’ll experience more progress than in the past 100 years combined.”
Cofounder of the Singular University
But what did the COVID 19 pandemic did introduce in the digital transformation, apart from accelerating its adoption, typically 3-7 years of forecasted adoption in just a few months of lockdown?
- Digital Adoption
- Accelerate core business pace
- Build new digital business models
- Achieve 20%+ revenue with product and services that didn’t exist one year ago
Share of sales from products or services not existing 1 YEAR ago (%)
Top Performers 21%
All Others 12%
According to McKinsey and the 1,200 executives they interviewed, companies with better overall technology capabilities, talent, leadership, and resources are seeing better economic outcomes.
Top economic performers were more innovative than their peers during the COVID-19 crisis.
Reporting on the online survey conducted from January 19 to January 29, 2021, and garnered responses from 1,140 C-level executives, senior managers, and business-unit, department, or division heads representing the full range of regions, industries, company sizes, and functional specialties.
McKinsey’s results confirm not only that a strong technology foundation is critical but also that leading companies are far ahead of competitors in building theirs. For everyone else, the time is now to make bold investments in technology and capabilities that will equip their businesses to outperform others in a rapidly evolving landscape.
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