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Agent of Change

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Agent of Change

The Future of Technology Disruption in Business

EIU,

15 min read
10 take-aways
Audio & text

What's inside?

Pending technology will disrupt your business – and, perhaps, your world.

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Editorial Rating

8

Qualities

  • Innovative
  • Visionary

Recommendation

Driverless cars. Cloud computing. In the world of advanced technology, separating virtual reality from reality isn’t always easy. In this Ricoh-sponsored white paper, Economist Intelligence Unit (EIU) contributing editor James Watson discusses how coming technological changes over the next decade will affect companies’ business models, structures and interactions with customers. getAbstract recommends this dispassionate, evidence-based report’s consideration of a crucial question: How will pending technological developments change your business by 2020?

Summary

Technology Change

Crystal-ball forecasts of technological change often prove wildly unreliable. In 2004, one prognosticator said a driverless car was unlikely anytime soon. Seven years later, Google had a patent on driverless cars. Now, it’s lobbying the US Congress for legislation to permit these vehicles to operate on public roads.

To understand the coming technological future, the Economist Intelligence Unit surveyed 567 senior business leaders – 46% at the board or executive level – in 2011. The EIU also interviewed technology authorities. Along with looking at the future business impact of accelerating technological change, respondents identified two economic “megatrends”: the movement of economic power from the West to the East and instability in Western financial markets.

Technology-driven business disruption will accelerate and lead to novel business models. Organizational structures and job descriptions will evolve with significant improvements in “computing power, storage and bandwidth.” These latter enhancements amount to a “Watson in your pocket,” says Matthias Kaiserswerth, director of the IBM Research lab in Zurich, harking back to the name of one...

About the Authors

James Watson is an Economist Intelligence Unit (EIU) contributing editor. Denis McCauley manages EIU technology-related projects and research in EMEA, Asia Pacific and the Americas.

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