Technology Influences Profits

By Mark Brousseau

Sixty-seven percent of respondents to a recent McKinsey Quarterly survey said a faster pace of technological innovation would have a very or somewhat positive impact on the profitability of their company over the next five years – topping the list of key trends that influence profits.

The increasing availability of knowledge and the ability to exploit it was predicted as having the next biggest influence on profits, cited by 60 percent of respondents as having a very or somewhat positive impact.

The development of technology that empowers consumers and communities, and the adoption of increasingly scientific data-driven management techniques, also were among the trends cited as influencing profits over the next five years.

What do you think will be the top trends that influence profits? Post your comment.