The Bio Revolution: Innovations transforming economies, societies, and our lives
A confluence of advances in biological science and accelerating development of computing, automation, and artificial intelligence is fuelling a new wave of innovation. This Bio Revolution could have significant impact on economies and our lives, from health and agriculture to consumer goods, and energy and materials.
New biological applications are already improving our response to global challenges including climate change and pandemics. The speed with which scientists sequenced the SARS-Cov-2 virus’s genome—weeks rather than months—bore witness to the new world of biology.
McKinsey’s have published a report that delves into biological innovation the new capabilities that could bring meaningful change across economies and societies, while striking a balance to be captured while managing risks: