Forbes.com recently listed twelve industry innovations and macroeconomic trends positioned to disrupt The Forbes 400 and the World’s Billionaires list by 2025. (Forbes.com “Riches from the Disruptive Dozen”) In their recent work, “No Ordinary Disruption: The Four Global Forces Breaking All the Trends,” authors Richard Dobbs, James Manyika and Jonathan Woetzel outlined these “Disruptive Dozen” industries.
A consistent theme among the “Disruptive Dozen” is their involvement in technology innovation and implementation. The list includes:
- Genomics – Advanced genomics purport to give people the ability to be healthier and to live longer, more vibrant lives.
- New Materials – The cost and ability to manufacture previously premium-priced materials, such as jet engines, are poised to quickly drop.
- Energy Storage – The ability to store substantially more usable energy beyond today’s lithium-ion battery capabilities.
- Advanced Recovery of Oil and Gas – Fracking is just the beginning of industry adaptations for harvesting fuel.
- Renewable Energy – Solar energy is changing the future of utility companies, particularly traditional electric companies.
- Robotics – Medical surgeries, manufacturing, R&D and communications are being reinvented using robotic processes.
- Autonomous Vehicles – Google recently revealed that its SDC (self-driving car) logged over 100,000 miles around the Bay Area. Autonomous vehicles may help create a safer, less-distracted driving environment.
- 3D Printing – The 3D printing industry recently celebrated thirty years of innovation, but it’s only been the past few years where the accessibility and affordability have increased. Research hospitals are now using 3D printers to manufacture body parts for surgical training. General Electric is also printing parts for jet engines.
- Mobile Internet – Experts predict that there will be six billion mobile phones used in the world by 2020, 60% of which will be web-enabled.
- Internet of Things (IoT) – A smarter home goes far beyond a base security system. A home awareness system, such as Notion’s latest endeavor, will create a networked alert system to measure variables such as a sliding door opening, sunlight entering a room, the level of propane in your grill’s propane tank and the detection of moisture. This is just one of the many advances being made by the Internet of Things, which led all sectors in highest average value per M&A deal in Q3 2015.
- Cloud Computing – Gone are the days of the flash drive or local server. Cloud-based computing and secure storage through features such as Dropbox are changing how computer manufacturers approach local storage needs.
- Automation of Knowledge Work – Artificial intelligence is coming to life through the $5-billion industry of automation of knowledge work.
As technological advances continue to influence manufacturing and energy accessibility, the US economy will notice a dynamic shift in wealth growth. Now is likely the time to invest in this “Disruptive Dozen” as we look towards 2025.