Tech trends worth your time

All this week, our daily charts will focus on one of the hottest topics in business: AI. We’ll take a closer look at the technology’s implications for growth, industries, the workforce, and more.

There are 15 tech trends that executives should follow closely, according to a recent report by McKinsey Global Institute partner Michael Chui, senior partner Lareina Yee, and colleagues. Generative AI is garnering lots of attention, for good reason: the technology is poised to add as much as $4.4 trillion annually in economic value. However, firms should not underestimate the growth potential of applied AI and industrializing machine learning, two related trends that have seen a significant uptick in interest, innovation, and investment. For more on all 15 trends, see the animated chart below.

We described each trend by scoring innovation and interest. We also counted investments and rated their level of adoption by organizations.

To read the report, see “McKinsey Technology Trends Outlook 2023,” July 20, 2023.