Business & Finance

Top 15 Futuristic Business Trends Expected in 2020

In the 21st century, businesses have flourished as a result of both innovations as well as technology. For an entrepreneur to be successful, it is necessary for him to make his path and stick to it rather than be a part of the herd. It is essential to take risks as the people who took their chances and introduced the ideas of the internet, mobile phones, and automobiles to the world. An enterpriser’s job is to think of ways to allow changes to the industry or technology which will significantly profit the market. One of the three laws of prediction of the futurist, Author Clarke, is that when a distinguished scientist says that something is impossible, then he is most probably wrong. When s/he says something is possible, then it may be right.

 1 3D Printing 

The idea behind the 3D printing business is to print using low-cost printers. Nowadays, there is hype about 3D printing, but it is very costly. It would allow one to print a cup of coffee sitting on a desk, to build architect models or spare parts. Everything one would need could be printed using the 3D printer. The method of fabricating the item in a factory and shipping to retailers will be a thing of the past.

 2 Data Crunching

The era of Big Data has arrived. Most organizations want to evolve with technology to better themselves. With the big data database, a firm can gather information on customers, competitors, and employees as well. It allows one to get insights from the business point of view. In the market research and marketing, data is used excessively. Having the technical abilities to manage the resources, a business owner can be in a perfect position.

 3 DNA Design Firms 

Reading the DNA, it lets us know the diseases we could acquire. This opens doors for the treatment of many diseases. It is expensive to read DNA today, but by 2020 it would be possible to get our DNA checked for less than $100. A US company named BioNanomatrix is undergoing this process to make DNA reading low cost. This would eventually lead one to understand the aging process better. Also, the DNA of a baby taken would demonstrate its health status.

 4 Holographic Theater

In the 19th century, holograms were created by placing a thick glass between the image and the audience. This made the figure appearing to be floating in the air. Today, the illusionists use a highly reflective polymer. It is invisible to the audience and easily creates holographic images. An application of the holographic technology is allowing anyone the real-time presence at meetings. Also, holographic theaters can replace 3D.

 5 Jet Pack 

This idea has been taken from personal flights. The jet pack is available, and an aircraft firm has taken to manufacture it on the commercial level, but the consumers are not too keen to embrace it. The price is almost $100,000 which is expensive, but it may eventually deflate so one might fly to work instead of driving.

 6 Nano medic

The British government published a report “The Shape Of Jobs To Come” that suggested that the use of nanotechnology would pave the way for medical treatments at the subatomic level and then eventually to nanomedicines. Nano-Medics uses nanotechnology to repair cells. A computer science professor at Duke University has created microbots. It is possible that these nanobots may place in electrons in the brain. The size of the bots is 60 microns that may be used in numerous medical applications.

 7 Space Hotel

The space hotel project has been worked on by various companies. The target of the hotels in the upper echelon of the planet as it is a form of tourism. The Bigelow Aerospace has launched two space hotels that are prototypes. A commercial space complex was envisioned by the organization which would be able to cater almost six people temporarily. Its competitor is a Russian firm which intends the same thing.

 8 Pharmacy of Stem cells

Stems cells are used for modeling diseases and test new drugs to cure them. Eventually, a time will come when the drugs would be replaced by stem cells. The pharmacies filled to the brim with drugs will switch to stems cells as they are natural and efficient. Currently, stem cells are used to regrow cells after surgeries.

 9 Vertical Farming

The single-story greenhouses save a considerable amount of water and also increase productivity. The idea of vertical farming is to stack the greenhouses on top of one another to make the cities sufficient. This would allow the employment of more space in the greenhouses. An ecologist, Dickson Despommier presented this idea. He wants the cities to be eco-friendly systems.

 10 Social Media Consultant

Social media networks have deemed quite a popularity among the masses. Businesses venture out to these networks to promote themselves. This has led to the formation of a consultant who can guide companies for the promotion, marketing of products on social media. The demand for a social media consultant would remain as long as social media is relevant.

 11 Robot Takeover

Today, Robots are being developed at a fast pace. It is expected that robots would take over from humans by doing chores such as window cleaning, inventory management, or a caretaker. This would change the dynamics of the world altogether as machines would be responsible for the completion of many tasks.

 12 Solar Water System

Water is the basic necessity of life, but water pump machines use a lot of energy. A small business could be started by installing water pump machines that sap on solar power for people. This is a cheaper and easier method to get water, and in turn, one can make a living out of it.

 13  Children Friendly Apps

The children of today are the future customers of tomorrow. So, it might not be a bad idea to gain their loyalty so that they are interested in buying products later. JWT Intelligence reported that kids’ connectivity a futuristic trend that is expected to rule. Three-quarters of the children have access to mobile phones cited by Common Sense Media. So, creating apps that are educational as well as promotes health can win the parents.

 14 Web Designing 

All businesses whether small or large have made their presence online by making websites of their firms. This creates a demand for web designers who create websites as per one’s requirements. It is economical for the commencement of business through web design. The requirement for it is a computer, internet connection, and creativity. If one is specialized in the field of computer science and looking to start a business at the moment, then a web design company would be an ideal choice.

 15 Box Subscription Services 

These subscription services have boxes filled with beauty, food, pet products, and other services. The boxes are delivered to the houses of subscribers monthly. The boxes are designed based on the likes, dislikes, and interests of the customers. Also, the contents differ each month and are a surprise for the customers.

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