The McKinsey Podcast
A look at the technology trends that matter most
Sep 5, 2024
Lareina Yee, a McKinsey technology expert and contributor to the McKinsey Technology Trends Outlook 2024, joins Roger Roberts, a senior partner, to explore fascinating tech trends. They discuss the swift advancements in generative AI and its importance for business innovation. The pair also highlight the need for effective communication strategies for CEOs, especially in crisis situations, and delve into the electrification trend as a key driver for carbon-free energy, emphasizing the role of emerging technologies and digital trust.
23:51
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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.
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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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