bonyadi magazine
Fashion companies believe technology could create a competitive edge. Over the next decade, the industry average technology investment is expected to double, from between 1.6 and 1.8 percent of revenues in 2022 to between 3.0 and 3.5 percent in 2030
Where help is wanted in tech
All this week, our daily charts will focus on technology trends that matter most across industries in 2024. We’ll explore tech and AI advancements, investments, talent demands, and more
Job postings in tech declined by 26 percent overall in 2023, but some tech sectors bucked the trend. McKinsey Global Institute partner Michael Chui and coauthors find that generative AI and electrification and renewables both saw job postings increase. The longer-term outlook is also positive. Over the past four years, most of the 15 technology sectors studied showed growth in job postings. Click through the interactive to see mor
Tech talent mismatch
All this week, our daily charts will focus on technology trends that matter most across industries in 2024. We’ll explore tech and AI advancements, investments, talent demands, and more
Tech is facing a wide skills gap, according to an analysis of 4.3 million job postings across 15 tech trends. There is a broad shortage of experienced talent throughout electrification and renewable-energy technologies and in other climate technology areas, senior partner Lareina Yee and coauthors report. There is also an undersupply of talent in specialized biotech areas, including gene therapy. More people are listing AI among their job skills, but companies should assess applicants’ proficiency in these areas, since competency levels can vary. Click through the interactive to see more
The buzz and bucks behind trendsetting tech
All this week, our daily charts will focus on technology trends that matter most across industries in 2024. We’ll explore tech and AI advancements, investments, talent demands, and more
AI advancements are dominating the tech landscape once again, generating significant interest among surveyed organizations. Senior partner Lareina Yee and colleagues note that the launch of ChatGPT and other advancements led to a sevenfold increase in the number of searches and investments in 2023 relative to 2022. Organizations are also putting money into electrification and renewables—$183 billion, according to this year’s trends outlook. A global focus on reaching net-zero emissions will require up to $9.2 trillion in investment and as many as 200 million skilled workers by 2050. Click through the interactive to see more
Taking tech from experiment to enterprise
All this week, our daily charts will focus on technology trends that matter most across industries in 2024. We’ll explore tech and AI advancements, investments, talent demands, and more
Enterprise technology often follows a path from innovation, to experimentation, to pilots, and, finally, to fully scaled adoption. Past the experimental phase, adoption picks up, and companies invest more in piloting and scaling. This progression is evident in trends such as next-generation software development and electrification, say McKinsey Global Institute partner Michael Chui and colleagues. Generative AI is a leader in terms of scaling among the 15 analyzed trends, while established technologies, such as cloud and edge computing and advanced connectivity, continue their quick adoption, which in turn facilitates emerging technologies
