Which areas are developing most dynamically and will maintain this dynamics after the pandemic?
On how the world has changed over the past year, the most promising business areas, Internet behavior, and algorithmic trust.
Many experts describe the current crisis as nearly a new technological revolution providing the number of know-how that was invented during the pandemic. But in fact, it’s not a revolution, it’s an evolution.
There is a great story about it. Right before the pandemic, the Scientific American magazine published a
But even the greatest minds make mistakes. The concepts described in the article are not new. For example, DNA-based storage systems. Microsoft did build such a repository in 2019, which is likely why this technology was listed on the Scientific American. However, the concept itself appeared much earlier: in 2012, it was
It doesn’t seem like a revolution, don’t you agree? The same applies to last year's “breakthroughs”. E-commerce, video services, remote service provider platforms existed before. It's just that during the pandemic, they were noticed by those who never came across such services before, and as a result - the investment boom.
However, the world has changed. And to better orient in it, I will highlight several promising areas and business rules.
Take part in an EdTech project
Over the past 10 years, venture capital funds have
Shares of Asian companies are growing the most actively, despite the fact that 43% of EdTech services are located in the United States.
Look at the Indian
The Chinese EdTech sector is growing actively as well. Right after the beginning of the lockdown in China, the Yuanfudao online platform attracted $1 billion, the Zuoyebang service - $ 750 million. From the investors' perspective, China is the most promising market with 200 million primary and secondary school students.
Invest in AI Algorithm Development
The same growth can be seen among telecom and e-commerce services. Zoom shares have tripled during last year's lockdown, reaching $559 a share in October last year. Some saw revolutionary changes in this. In reality, it was the active growth of new instruments since there was no competition from old ones.
Lockdown has greatly advanced much of the IT industry, especially projects related to process optimization and cloud services.
The data-collection OS sector has grown strongly. The Gartner analysts have
This is a fresh and powerful trend: according to forecasts, by 2025, every second earthling will face at least one Internet behavior program, whether it is social media account monitoring, location tracking, face or car number recognition.
And here is how you can make money on this. The world is full of startups developing behavior selection algorithms. The most intriguing projects are Breinify, Pivot, Healum, June, Financial Algorithms.
The American startup
By the way, all these services are based on AI algorithms. Today's leading entrepreneurs are using these technologies. Both Chinese e-commerce companies like the Alibaba Group (such programs are used in the construction of fully robotic smart hotels) and American IT giants are investing in the creation of AI-based algorithms. For example, Microsoft uses artificial intelligence to create chatbots for customer support.
Create a blockchain startup
Another important pandemic trend is the growth of algorithmic trust. Remember the start of the cryptocurrency market growth? It was due to the US dollar collapse as a result of the economic crisis - that is, from the fall of trust in the Federal Reserve System. In situations of increasing instability, users tend to trust algorithms more. Smart contracts, for example.
The rise in algorithmic trust has led to a new wave of interest in distributed ledger technology, and that’s why everyone is talking about blockchain again. Many companies have started to acquire their own DLT services. The most famous brand on this list is Walmart, the world’s largest company by revenue. Last year, its profit was $548 billion.
Interest in everything related to the blockchain is still huge. At the end of April, the Binance crypto exchange
The most obvious idea for making money in the blockchain industry is the use of this technology to optimize your own business. R3, a New York-based company, offers turnkey solutions for the banking sector, and the San Francisco-based Linux Foundation for companies like Walmart.
Another option is to create your own startup. It is unlikely that it will be possible to make news with a new cryptocurrency today, but it is quite possible to create a service with an unobvious idea.
Thanks to optimization, it is possible to reduce CO2 emissions, which today amount to 280 million tons per year and cost $25 billion. The innovative approach brought Cubex Global a victory in the UpLink Ocean Solutions Sprint competition, which was held this year within the World Economic Forum.
Stop using simple actions
After the pandemic, it became obvious that the world of two-step plans is no longer working. It is no longer possible to build a successful growing business on an obvious idea. Just buying an apple, washing it, and selling it with a margin will not work.
Modern business opportunities are a puzzle consisting of ideas, acquaintances, financial opportunities, the level of the legal infrastructure growth, and the founder's background. It generates countless chances, from which, with the right coincidence, a successful project may emerge.
The option to be successful taking simple actions is a myth that makes newbies waste time and money. The world has become much more complex. This is especially true for IT, where there are no niches in which you can come up with something right away and instantly get rich.
Unite to create projects
The good news is that some tools for synthesizing breakthrough ideas are still working. I mean communicating with real entrepreneurs who understand how your business works. Such people can see how they can apply what seems to be incompatible products or services and get something innovative out of it.
A great example of such a collaboration is the WePlay Ultimate Fighting League tournaments, where we managed to combine two similar but distinct industries - classic boxing and electronic fighting games. As a result, we have a bright show that united fans of both directions.
Another example is the Porsche Cayenne. The super margin car was created on the basis of Volkswagen technologies and was introduced to the Porsche market. If this union had not happened, Volkswagen would have been making good budget cars, and Porsche would certainly have kept going to bankruptcy.
The main challenge for any business is to focus on opportunities that can drive growth. That is to always look for something new and going beyond limits in order to expand your influence on the market. Even if this requires entering into an unexpected partnership with competitors.
Original article on