Category: Technology Trends

ARK’s Big Ideas: Innovation Driving Economic Growth

ARK Investment Management LLC’s “Big Ideas 2024” report outlines ten major emerging technologies that are expected to significantly impact the global economy and transform various industries.

Key Emerging Technologies

  • AI: Revolutionizing productivity across industries, with generative tools driving efficiency.
  • Public Blockchains: Disrupting finance with decentralized systems and smart contracts.
  • Multiomic Sequencing: Unlocking new health insights and reducing drug development costs.
  • Energy Storage: Enabling broader use of renewable energy and electric vehicles.
  • Robotics: Enhancing manufacturing and logistics with expanding capabilities.
  • Electric Vehicles: Sales projected to grow significantly by 2030, driven by cheaper batteries.
  • Autonomous Mobility: Transforming urban transport with self-driving vehicles.
  • Drone Delivery: Revolutionizing logistics, with billions in projected revenues.
  • Cryptography: Boosting digital security and blockchain growth.
  • Orbital Aerospace: Advancing space exploration with reusable rocket technology.

ARK’s research shows these technologies could accelerate global GDP growth from 3% to 7% annually, with disruptive innovation’s market value growing from 16% to over 60% of global equities by 2030.

Transforming Industries with Generative and Autonomous AI

Generative AI and Autonomous AI lead the way, transforming industries with independent decision-making capabilities and creative innovations.

Adaptive AI and sustainable technology gain traction, focusing on dynamic responsiveness and eco-friendly solutions.

Total Experience (TX) emerges as a top trend, blending customer, employee, and user experiences to improve satisfaction and engagement.

Human-Centric Security technologies, such as AI TRiSM and cybersecurity mesh, prioritize user trust and data protection.

Several technologies from previous cycles, including health passports and social distancing tech, have faded in relevance, while AI-powered tools, AI-augmented development, and responsible AI remain critical to growth in 2024