Serious business owners and entrepreneurs are always looking for periodic business predictions. While 2019 is nearly two months gone, you can still take advantage of a few predictions from Paul Mampilly. Mampilly boasts of over 20 years experience on Wall Street where he served different positions at different times namely senior research analyst, money manager and senior portfolio manager among many others. Undoubtedly, his experience, knowledge, and skills regarding successful investment strategies are unbeatable.
Here are the various business predictions that Paul Mampilly has made for 2019.
1.Things are looking thick for homeowners who have been enjoying home appreciation rates of between 5% and 7% – and in turn, making worthwhile profits from the sale of their homes. In 2019, the rates are expected to go as low as 1.5% and remain there for quite a long time to come.
2.In the past, only start-ups and small businesses seemed to adapt to the needs of the consumers. In 2019, bigger companies will come on board and utilize such strategies. Markets will experience a paradigm shift as firms look for ways of delivering unique user experiences that allow capturing the attention of consumers and retaining them.
3.Paul Mampilly anticipates a massive shift from text search to voice search. As such, businesses must align themselves in a manner that allows their target markets to locate their products and services via voice search.
4.For quite some time, a good number of organizations have been making money from selling big data to other companies. The human resources and technology needed to access big data have been too big to accomplish, particularly for small businesses. Thankfully, this is about to change in 2019. Access to big data will become affordable for small businesses. A company that uses this information effectively will have another reason to succeed in 2019 and beyond.
5.Mampilly argues that thanks to technological advancement such as the availability of map apps and location services, businesses will take advantage of new sources of consumer data.
6.Organizations need not worry about the political environment as it will be more favorable than ever.
7.Paul Mampilly believes that edge computing will spur the Internet of things. The evolution and growth of the internet of things will facilitate the discovery of new technologies.
8.More and more people will invest in assets that permit management on a sustainable basis. Watch out for the word longterminism.
9.The technologies behind virtual reality are growing at a fantastic rate. As such, expect an explosion as far as virtual reality is concerned.
10.Paul Mampilly cautions business owners against ignoring the power of user reviews in 2019. He believes that it is a powerful tool that can propel businesses towards greater success.