Capital Markets: Observations and Insights Autumn 2019

​ Accelerating Innovation


A New Era Emerges

• Research has shown that technological revolutions occur continuously about every half century and consist of five phases ‒ We believe we are in the irruptive phase of a new revolution, the Age of Connected Intelligence, when intelligent computing will be ubiquitous and pervasive

The Lifecycle of Technological Revolutions

Source: Carlota Perez, “Technological Revolutions and Financial Capital,” Edward Elgar Publishing, 2002; Alger.

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