Four opportunities:
Regulatory changes:
Due to measures promoting an increase in the minimum wage and paid sick leave of employees employers may turn to different resources to fill the need of labor. I see an opportunity to increase the amount of automated labor. Employers, like Chipotle, could stream-line their business by having a machine take the role of each employee on the line, which may help increase the speed of the line as well as save profits down the road.
The source of the article where I found this information: https://www.businessnewsdaily.com/7671-regulatory-issues-changes.html
The prototypical customer would be any large food chain within the U.S.
This would be relatively difficult to accomplish as you would have to first develop specialized machines and test them before putting them on the lines to serve customers.
This opportunity stuck out to me as I have seen many employers reduce human labor throughout their stores and implement machines to do the same tasks.
A new regulatory change called MiFID II is a EU legislative article that will require changes to how businesses conduct online and over the phone marketing. Any call related to marketing or selling a product must be recorded and saved for up to 7 years. This could be a great opportunity for a data storage team to take in heavily increased business. This could include large additions to data storing facilities.
The source of the article where I found this information: http://www.information-age.com/2018-nightmare-financial-services-123465793/
The prototypical customer of this service would be any industry which is currently using online marketing or sales.
This would be relatively easy as it may just require an initial increase in the data storage capabilities of a warehouse.
This opportunity stuck out to me because I used to pay for cloud storage on my phone and I understand the costs that employers will have to go through to store their information safely.
Economic Trends
Baby Boomers are approaching retirement ages which means their is a much higher need for healthcare services. Being the largest generation, Baby Boomers will cause a huge demand from the healthcare field in the coming years. There is a huge opportunity in healthcare services as nurses, doctors and other healthcare workers will be spread thin.
Source of my information: https://www.investopedia.com/articles/personal-finance/032216/are-we-baby-boomer-retirement-crisis.asp
The prototypical customer will be the Baby Boomers needing various healthcare services that come with age.
This opportunity sticks out to me because I have worked at a retirement community.
Interest rates are rising in the U.S as the Fed tries to hit its 2% goal. This means that all kinds of loans will cost more and people will earn more money from their savings. There is an opportunity for banks to push loans out quick before the rates on them increase higher. This could sway more people into taking out loans.
Source of the info: https://www.thebalance.com/top-usa-future-economic-trends-3305666
The prototypical customer would be anyone trying to get a loan for any purpose.
This opportunity stood out to me because I have family who work in banks.
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