Technological development will inevitably disrupt today’s industries, and incumbent firms will be challenged as new technologies redefine the terms of competitive success. The precise pace and scale of future adjustments are unknown. But resilience and prosperity will be more likely in countries with forward-looking policies, better functioning institutions, better educated and informed citizens, and critical technological capabilities in a number of sectors.
The Next Production Revolution: Implications for Government and Business examines the opportunities and challenges, for business and government, associated with technologies bringing about the “next production revolution”. The technologies considered in this report, from information and communication technologies and robots to new materials, have more to contribute to productivity than they currently do. Often, their use is predominantly in larger firms. And even in those firms, many potential applications are underused.