The digital transformation that has already remade our global systems will continue to disrupt, mature, and be accelerated by advances in information technology—a process that was kickstarted by the demands of adapting to COVID-19.
But technical change won’t just come from digital technologies. A combination of advances from biotech, energy, and materials science are maturing and will open new frontiers in innovation and organizational strategy as well as profound new risks.
These advances are taking place in an environment in which short-term competitive pressures have never felt more intense or urgent. As these pressures intensify, they threaten to erode organizational abilities to take the long view, prepare for the daunting challenges of the next decade, and build the capacity to lead.