But the difference is in how they will work together to deliver this impact. While there are other promising technologies like quantum computing and nanotechnology, the most practical and profound impact in the next five years will continue to come from the Essential Eight. All the while, we’ve been tracking another profound shift: how these individual technologies are combining in transformative ways. Others, such as 3D printing, have been more concentrated in certain areas like manufacturing. Some, like AI, are becoming integral to every type of company.
Today, the Essential Eight continue to evolve and make their mark - with the pandemic accelerating emerging tech adoption. They include: artificial intelligence (AI), augmented reality (AR), blockchain, drones, Internet of Things (IoT), robotics, 3D printing and virtual reality (VR).
We called those with the most potential the Essential Eight. Our work in this area started nearly a decade ago, when PwC analyzed more than 250 emerging technologies to pinpoint those that would have the greatest business impact across industries. Along with a grounding in the business implications, you’ll want to get up to speed on the enabling technologies.
That’s why it’s important for executives to understand what’s hype, what’s reality and how to navigate the opportunities and risks this evolving concept brings. There’s a lot of big talk about the metaverse - and a lot of wariness.
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