Paul Mampilly has some revolutionary predictions for 2019. This is certainly not the first time the financial expert has made business predictions. He is the founder of Profits Unlimited, a very popular newsletter that he created after joining Banyan Hill Publishing in 2016 as a senior editor. He also worked on Wall Street for over two decades as a hedge fund manager.
Business is a ever-changing market that is dictated by many factors. Paul Mampilly predicts that businesses will conform to the modern consumer. These group of consumers want something different than other generations of consumers. They want unique and personalized products that have depth and meaning to them. In turn, businesses will have to create a relationship with modern consumers with personal interaction.
Now how do these companies find out what modern consumers want? Paul Mampilly says they will have access to a lot more date in 2019. This will change things completely for companies because they will now be able to target the right audience. This data has not always been available to a large market because it was quite pricey. Only the big corporations could afford this kind of cost. In 2019, this will all change.
The Internet of Things is a rapidly growing market that is taking over the world. This subject pertains to devices being connected to the internet and each other. One thing that will help these devices communicate with each other more is edge computing. It is a thing called a node. This node is placed by the chosen device and it quickens the process of information a lot more. Paul Mampilly predicts a boom in the affordability and accessibility a of this device.
Another prediction that Paul Mampilly foresees making a huge change in the coming year is how people invest their money. The financial expert calls it long-termism. People are becoming wiser when it comes to saving for the future and are not just pilling their money into something short term. Investors are looking at the long term and investing accordingly. This used to be the mentality of successful investors, but now the average investor is becoming a lot more savvy about their retirement.