The McKinsey Podcast cover image

The McKinsey Podcast

A look at the technology trends that matter most

Sep 5, 2024
Lareina Yee, a McKinsey tech expert focused on innovation trends, and Roger Roberts, a market analysis pro, dive into the booming areas of generative AI and robotics. They discuss how specific sectors continue to thrive amid investment dips while emphasizing the need for digital trust and cybersecurity. Additionally, Blair Epstein, a McKinsey partner, shares insights on CEO communication strategies, highlighting the importance of proactive engagement and crisis management in today's complex business landscape.
23:51

Podcast summary created with Snipd AI

Quick takeaways

  • Despite a significant decline in overall investment in technology, specific sectors like generative AI and climate technology are experiencing notable growth and interest.
  • Successful CEOs are focusing on organized communication plans that effectively address both everyday operations and crisis management, highlighting the importance of strategic leadership.

Deep dives

Technology Trends and Investment Insights

Current technology trends continue to experience strong innovation and interest, although investment in new technologies has significantly dropped, with estimates showing a decline of 30 to 40 percent, totaling about $570 billion. This downturn is notable yet not surprising, as the market adjusts to broader economic challenges while still seeing pockets of growth, particularly in areas like generative AI and robotics. For example, while overall investment decreased, sectors such as climate technology have attracted increased attention, illustrating a shift in focus despite the downturn. The correlation between job postings for tech talent and investment levels further highlights the ongoing demand for skills in advanced technology fields.

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