{"id":5134,"date":"2013-05-27T18:53:05","date_gmt":"2013-05-28T00:53:05","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=5134"},"modified":"2013-05-27T18:53:05","modified_gmt":"2013-05-28T00:53:05","slug":"mckinsey-the-33-trillion-technology-payoff","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=5134","title":{"rendered":"McKinsey: The $33 Trillion Technology Payoff"},"content":{"rendered":"<p><a href=\"http:\/\/bits.blogs.nytimes.com\/2013\/05\/22\/mckinsey-the-33-trillion-technology-payoff\/?src=recg\">Steve Lohr:<\/a><\/p>\n<blockquote><p>The \u201cnext big thing\u201d lists are a well-worn staple of technology analysts and consultants, typically delivered just before the calendar turns to a new year.<\/p>\n<p>A new report from the McKinsey Global Institute, the research arm of the consulting firm, delivers a twist on the art form, and the difference is more than the timing. The 154-page report not only selects a dozen \u201cdisruptive\u201d technologies from a candidate list of 100, but also measures their economic impact.<\/p>\n<p>By 2025, the 12 technologies \u2014 led by the mobile Internet, the automation of knowledge work, and the Internet of Things \u2014 have the potential to deliver economic value of up to $33 trillion a year worldwide, according to the McKinsey researchers.<\/p>\n<p>That would be a sweeping and disruptive effect indeed, since economists project that by 2025 global economic output will be about $100 trillion.<\/p>\n<p>The McKinsey report does include the estimated value of the social benefits of using a more efficient technology, like time saved. Such benefits \u2014 known as \u201cconsumer surplus\u201d \u2014 are not included in conventional measures of economic output. (An example would be the value of time saved by quickly finding answers to questions by using a search engine. Google economists estimate that saving at up to $65 billion annually.)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Steve Lohr: The \u201cnext big thing\u201d lists are a well-worn staple of technology analysts and consultants, typically delivered just before the calendar turns to a new year. A new report from the McKinsey Global Institute, the research arm of the consulting firm, delivers a twist on the art form, and the difference is more than [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/5134"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5134"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/5134\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5134"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}