Invest
The advent of tech for investors
Technology is set to have a huge impact in the next five years, with five separate areas being slated as about to have a marked impact on society, according to an investment management CEO.
The advent of tech for investors
Technology is set to have a huge impact in the next five years, with five separate areas being slated as about to have a marked impact on society, according to an investment management CEO.
During Nikko Asset Management’s The Ripple Effect of Change event, ARK Invest CEO Catherine Wood explained a number of technological innovations that are set to change the world and are worthy of noting by investors.
Technology is having a profound impact on society and investors, with five “innovative platforms” changing society, the CEO outlined.
These innovative platforms have been named as DNA sequencing, blockchain, AI, robotics and energy storage.
Ms Wood said as technology costs continue to fall, companies within the innovative platform sectors will continue to thrive in the industry, with exponential growth to be expected.
DNA sequencing – Ms Woods said last year alone, 2.4 million whole human genomes were sequenced, which is half of all the human genomes sequenced in human history.
The CEO stipulated that as costs fall from thousands of dollars to mere hundreds per sequence, that number will grow to 100 million in five years.
Blockchain – While not ready for the developed world, Ms Wood indicated a belief that countries experiencing hyperinflation and sensitive political issues will benefit from the technology.
“Trading is taking place in Venezuela, Argentina and Zimbabwe where the regimes are destroying purchasing power and wealth,” she explained.
AI – With the advent of deep learning, a subset of artificial intelligence that takes the human programmer out of the process will become more common.
“In order to get an autonomous vehicle from point A to B as quickly and safely as possible, we will unleash big data, algorithms, supercomputer powers and together they will get a car from point A to B,” the CEO noted.
Robotics – Robotics are “ready for prime time” because the average cost of an industrial robot today is roughly $US27,000, but by 2026, this figure will fall to a predicted $11,000.
Collaborative robots covered in sensors are going to fix labour shortages, Ms Wood outlined, with the units that are out there to be scaled from last year’s figure of 500,000 to an expected 3,500,000 next year.
Energy storage – Ms Wood expects electric vehicle sales to rise within the next five years, with the price of an electric vehicle to fall below the cost of a Toyota Camry by that time.
“Electric vehicles will go from roughly 1.6 million units last year to 26 million units in five years,” she indicated.
RELATED ARTICLES
About the author
About the author
Spending
Moneysmart study reveals Gen Z women more concerned about finances than men
A new research conducted by ASIC’s Moneysmart has unveiled the heightened levels of stress and concern regarding finances and the cost of living among Australian Gen Z women compared to their male ...Read more
Spending
The cost of politeness: Aussies out of pocket by $1,350 due to 'awkward tax'
It's the time of year when Australians dive into their pockets for festive events and gatherings, yet a recent study by PayPal suggests that many are too polite, or perhaps too embarrassed, to ask for ...Read more
Spending
Aussies can ‘NAB Now Pay Later’ with the last major bank to embrace BNPL
NAB has become the latest bank to enter the BNPL market. Read more
Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. Read more
Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. Read more
Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. Read more
Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. Read more
Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. Read more
Spending
Moneysmart study reveals Gen Z women more concerned about finances than men
A new research conducted by ASIC’s Moneysmart has unveiled the heightened levels of stress and concern regarding finances and the cost of living among Australian Gen Z women compared to their male ...Read more
Spending
The cost of politeness: Aussies out of pocket by $1,350 due to 'awkward tax'
It's the time of year when Australians dive into their pockets for festive events and gatherings, yet a recent study by PayPal suggests that many are too polite, or perhaps too embarrassed, to ask for ...Read more
Spending
Aussies can ‘NAB Now Pay Later’ with the last major bank to embrace BNPL
NAB has become the latest bank to enter the BNPL market. Read more
Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. Read more
Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. Read more
Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. Read more
Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. Read more
Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. Read more
