Many efforts have been made to forecast the economic impact of disruptive technologies, most notably by the McKinsey Global Institute (MGI). In a May 2013 report, Disruptive Technologies: Advances that Will Transform Life, Business and the Global Economy, MGI examined twelve “potentially economically disruptive technologies”:¹
Mobile Internet—increasingly inexpensive and capable mobile computing devices and Internet connectivity
Automation of knowledge work—intelligent software systems that can perform knowledge work tasks involving unstructured commands and subtle judgments
The Internet of Things—networks of low-cost sensors and actuators for data collection, monitoring, decision-making, and process optimization
Cloud technology—use of computer hardware...