{"id":38885,"date":"2013-06-07T20:22:43","date_gmt":"2013-06-08T00:22:43","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38885"},"modified":"2013-06-08T10:42:09","modified_gmt":"2013-06-08T14:42:09","slug":"technology-trends-dont-get-left-holding-a-video-in-a-dvd-world","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/06\/07\/technology-trends-dont-get-left-holding-a-video-in-a-dvd-world\/","title":{"rendered":"Technology Trends: Don\u2019t Get Left Holding a Video in a DVD World"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.MoneyMorning.com.au\" target=\"_blank\"><u>MoneyMorning.com.au<\/u><\/a> <\/p>\n<p>Today&#8217;s <em>Money Weekend <\/em>will talk about the most  important industry of the next decade: <strong>technology<\/strong>. Some of the changes are  shaping up to be like King Kong let loose in the city: highly disruptive. And  that&#8217;s putting it mildly.<\/p>\n<p>The first  thing to do is to make sure you&#8217;re not in the path of the beast and in the  companies getting knocked down. The second is to consider the businesses that  stand to benefit after he&#8217;s crashed through. <strong>Technological change <\/strong>will rebuild  economies and industries just as it destroys them.<\/p>\n<h2>Technology Trends You Can&#8217;t Afford  to Miss <\/h2>\n<\/p>\n<p>You might  know already that <em>Money Morning <\/em>editor  Kris Sayce is about to launch his new service, <em>Revolutionary Tech Investor. <\/em>He and <strong>technology analyst<\/strong> Sam  Volkering will hunt all over the world to find the best companies who can make  a motza from tech development. It&#8217;s an exciting project. <\/p>\n<p>Take the  latest report from the McKinsey Global Institute for example. It&#8217;s called &#8216;<em>Disruptive technologies: Advances that will  transform life, business, and the global economy.&#8217;<\/em><\/p>\n<p>They argue  that we&#8217;re on the verge of some massive changes over the next decade or more in  12 key sectors. These will impact how we live and work, not to mention  reshaping whole industries and economies. The evolutionary rule will stand  supreme: adapt or die.<\/p>\n<p>What are the  key sectors? Check them out, in order of the size of their potential impact.  They are: <\/p>\n<ul type=\"disc\">\n<li>Mobile Internet\n<\/li>\n<li>Automation of Knowledge Work\n<\/li>\n<li>Internet of Things\n<\/li>\n<li>Cloud Technology\n<\/li>\n<li>Advanced Robotics\n<\/li>\n<li>Autonomous and Near Autonomous       Vehicles\n<\/li>\n<li>Next Generation Genomics\n<\/li>\n<li>Energy Storage\n<\/li>\n<li>3D Printing\n<\/li>\n<li>Advanced Materials\n<\/li>\n<li>Advanced Oil and Gas Exploration       and Recovery\n<\/li>\n<li>Renewable Energy<\/li>\n<\/ul>\n<p>We&#8217;re  talking stuff, in the words of the report, that has <em>&#8216;the potential to affect billions of consumers, hundreds of millions of  workers and trillions of dollars of economic activity across industries.&#8217;<\/em><\/p>\n<p>If you  consider the growth in tablets and smartphones, the possibilities and changes  of just the top one are already pretty amazing. These barely existed a few  years ago. Now they&#8217;re in the hands of one billion people and deliver the  potential to bring billions more people online in the developing word. <\/p>\n<p>Don&#8217;t forget  the app economy of Apple and Android and all the new ways of servicing and  reaching consumers. It has generated new payment systems in banking and new  channels for advertisers. It&#8217;s generating astonishing amounts of data. Mobile  <a href=\"http:\/\/www.moneymorning.com.au\/category\/technology-and-innovation\" title=\"more on technology\">technology<\/a> will also soon feed into &#8216;wearable tech&#8217; like Google Glass.<\/p>\n<p>A quick  snapshot of winners and losers from this kind of change is Nokia and Samsung. Nokia&#8217;s  share price has collapsed from $58 in 2000 to around $3.50 today. Samsung, on  the other hand, is now outselling Apple in the smart phone market. <\/p>\n<p>If Joseph  Schumpeter were alive, we&#8217;d encourage him to take a bow. One of the best  insights from economics is thanks to his famous expression &#8216;creative  destruction&#8217;. <\/p>\n<p>It&#8217;s the  idea that the heroes of the free market, the innovators and the <a href=\"http:\/\/www.pursuitofhappiness.com.au\/index.php\/opportunity\/what-drives-entrepreneurs-and-inventors\/4855\/\" title=\"What Drives Entrepreneurs and Inventors\">entrepreneurs<\/a>, will  always hustle to disrupt the established order. Old institutions get swept away  and replaced. That&#8217;s what we&#8217;re talking here. The winds of change seem to be  blowing across so many different industries at the same time.&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n<p>The  projections in the McKinsey report are only to 2025. Twelve years away is not  that long really. Will 2013 feel like a lifetime ago when we get there? <\/p>\n<h2>On the Way to 2025 <\/h2>\n<\/p>\n<p>It&#8217;s true  that the McKinsey report writers admit that a lot of the numbers they throw up  and the scenarios they predict are at best educated guesses. There are simply  too many variables to be precise. But you can only call it how you see it, and  they see big change.&nbsp; <\/p>\n<p>It&#8217;s a world  where you better have the right skills in information technology if you&#8217;re a worker  and a pretty nimble business plan if you&#8217;re a company. The report sums it up  like this: <\/p>\n<p><em>&#8216;By the time the technologies that we  describe are exerting their influence on the economy in 2025, it will be too  late for businesses, policy makers, and citizens to plan their responses.  Nobody, especially business leaders, can afford to be the last person using  video cassettes in a DVD world.&#8217; <\/em> <\/p>\n<p>The idea for  investors, of course, is to try and get ahead of these changes before they&#8217;re  obvious and gauge the right areas to profit. That&#8217;s the task Kris Sayce and Sam  Volkering have set themselves. Stay tuned for Kris&#8217;s report on where he thinks  the best action is. <\/p>\n<p>Of course,  an investment you may be more familiar with is property. You might recall we  discussed the out and out property bull Phil Anderson last week and the  presentation he gave called <em>Remembering  the Future. <\/em>It&#8217;s <a href=\"http:\/\/pro1.portphillippublishing.com.au\/124828\/\" target=\"_blank\">available on DVD if you&#8217;re interested<\/a>. <\/p>\n<p>Before we  say another word, we must admit that we have no major stake in this debate. We  don&#8217;t own property, don&#8217;t invest in it and don&#8217;t pretend to know anything about  the property market other than the fact that it&#8217;s expensive in Melbourne, where  we live. Perhaps that&#8217;s a mistake. Phil thinks real estate people should learn  about stocks, and stock market people should learn about real estate. <\/p>\n<p>This is one  reason Phil was 100% in cash in 2007. He saw a banking crisis on the horizon at  the time. Little titbits like that make us curious enough to read his book, <em>The Secret Life of Real Estate<\/em>. We&#8217;ll let  you know what we discover. <\/p>\n<p>But Phil&#8217;s  bullish call on property has certainly got plenty of people interested (and  angry), so we&#8217;ve got some snippets from the rough cut of his <em><a href=\"http:\/\/pro1.portphillippublishing.com.au\/124828\/\" target=\"_blank\">Remembering  the Future<\/a> <\/em>talk below for you. If you haven&#8217;t  heard of him, Phil&#8217;s research has led him to conclude there is an 18 year US  real estate cycle that you can use to time the property market in America, the  UK and Australia. <\/p>\n<p><strong><a href=\"http:\/\/www.moneymorning.com.au\/about-callum-newman\" title=\"About Callum Newman\">Callum Newman<\/a>.<br \/>\nEditor, <em>Money Morning<\/em><\/strong><br \/>\n<a href=\"https:\/\/plus.google.com\/u\/4\/113805451050351871502\/about\" title=\"Join Callum Newman on Google Plus\"><strong><U>Join me on Google+<\/strong><\/U><\/a><\/p>\n<p><strong>PS.<\/strong> Don&#8217;t forget if you want to keep track of the latest  things we&#8217;re reading and brief commentary on events that happen through the  day, check out <a href=\"https:\/\/plus.google.com\/u\/7\/113805451050351871502\/posts\" target=\"_blank\">our Google+ page<\/a> and <a href=\"https:\/\/plus.google.com\/u\/1\/102832084048340347143\/posts\" target=\"_blank\">Kris Sayce&#8217;s<\/a> as well.<\/p>\n<p><strong><em>From the Port Phillip Publishing Library<\/em><\/strong><strong> <\/strong><\/p>\n<p>Special Report: <a href=\"http:\/\/pro1.portphillippublishing.com.au\/124826\/\" target=\"_blank\">How to Buy Better Stocks<\/a> <\/p>\n<p><em>Daily Reckoning:<\/em> <a href=\"http:\/\/www.dailyreckoning.com.au\/why-its-going-to-get-ugly-when-interest-rates-rise-again\/2013\/06\/05\/\" title=\"Permanent Link to Why it&rsquo;s Going to Get Ugly When Interest Rates Rise Again\" target=\"_blank\">Why it&#8217;s Going to Get Ugly When Interest Rates Rise  Again<\/a><strong> <\/strong><\/p>\n<p><em>Money Morning:<strong> <\/strong><\/em><a href=\"http:\/\/www.moneymorning.com.au\/20130606\/signs-of-stress-in-the-us-bond-markets.html\" title=\"Permanent Link to Signs of Stress in the US Bond Markets\" target=\"_blank\">Signs of Stress in the US Bond Markets<\/a><strong><\/strong><\/p>\n<p><em>Pursuit of Happiness:<\/em> <a href=\"http:\/\/www.pursuitofhappiness.com.au\/index.php\/technology-2\/improving-your-life-through-new-technology\/5162\/\" title=\"Improving Your Life Through New Technology\" target=\"_blank\">Improving  Your Life Through New Technology<\/a><strong> <\/strong><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?a=SAM6xSLV0bc:cZwqu34Imi8:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?a=SAM6xSLV0bc:cZwqu34Imi8:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?i=SAM6xSLV0bc:cZwqu34Imi8:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?a=SAM6xSLV0bc:cZwqu34Imi8:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/MoneyMorningAustralia?i=SAM6xSLV0bc:cZwqu34Imi8:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/MoneyMorningAustralia\/~4\/SAM6xSLV0bc\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By MoneyMorning.com.au Today&#8217;s Money Weekend will talk about the most important industry of the next decade: technology. Some of the changes are shaping up to be like King Kong let loose in the city: highly disruptive. And that&#8217;s putting it mildly. The first thing to do is to make sure you&#8217;re not in the path &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/06\/07\/technology-trends-dont-get-left-holding-a-video-in-a-dvd-world\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Technology Trends: Don\u2019t Get Left Holding a Video in a DVD World&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38885","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38885"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38885\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}