Digitisation of everything

Lachlan Hughes

Swell Asset Management

In 2019 the world spent roughly 5% of global GDP or $4 trillion on technology. By 2030, this is expected to double to more than 10% of GDP or an estimated $14 trillion. That $10 trillion increase reflects a remarkable growth rate of more than 13% per year for the next decade.

Driving this progression is a broad trend that Microsoft CEO Satya Nadella calls the “digitisation of everything”. According to Microsoft every business on earth is in the midst of a digital transformation that will lead to greater productivity and operating efficiencies.

We have identified the five critical technologies driving this trend naming them technology accelerators.

Of course other technologies could be included, such as AR/VR, quantum computing and blockchain. However, these other technologies are not yet impacting business on the same scale as our technology accelerators.

That is not to say that this list is static and won’t change. On the contrary, we believe quantum computing for instance may one day be a greater accelerator of change than the cloud. However, for almost every industry we consider today, these five technologies consistently appear as driving forces behind the digitisation trend.

In our Summer Series this year we have selected six industry sectors relating to companies in the Swell Global Portfolio that are exposed to this digitisation trend. Every article will showcase a different segment highlighting how each is being impacted by the five technology accelerators and how our portfolio companies will benefit.

The Swell Global Portfolio includes companies that are consumers of these new technologies and others that are leading the development of them. Both stand to be significant beneficiaries as the world becomes more digital. We hope you enjoy the series.

Lachlan Hughes
Swell Asset Management

Lachlan is the founder and CIO of Swell Asset Management, a boutique investment manager specialising in global equities.

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