1)
Opportunity:
There is a chance for growth and expansion of international insurance
companies, specifically in china, due to regulatory changes overseas.
a.
The source of information that lead me to find
this opportunity was an article on how many people in china are limited on
health insurance options, if any, due to regulations. However, these
regulations are being changed and show tremendous opportunities for growth of
insurance companies.
b.
I think it is commons sense to realize that there
is an opportunity here. Many people are being restricted from a service, in
this case health insurance, due to harsh regulations. Now that these regulations
are being lifted, it is inferred that many people will want to receive them,
and companies will grow as a result.
c.
A prototypical customer in this case is anyone
who wants health insurance in china.
d.
I believe it is relatively easy to exploit this
opportunity due to the fact that many people want health insurance and it is a
relatively easy business to expand in since the demand is so high.
e.
Why I saw this opportunity: In this case, I don’t
think anything specific led me to see this opportunity when others would not. I
knew regulations were strict in china, however I think many people could have
recognized that there was an opportunity here if they read the article that I
did.
2)
Opportunity:
Huge potential for growth in the marijuana industry due to regulatory changes.
a.
The source of information that lead me to find
this opportunity was an ad in the back of a magazine that I saw the other day
for a marijuana dispensary. Thus, it then sparked my realization.
b.
Since many states are now legalizing marijuana,
and changes to the regulation of marijuana are happening, the cannabis industry
is going to exponentially increase in profit. Smoking is such a common
activity, and now that changes are being made to make marijuana easier to get,
as well as legal, means more people will do it and start to do it, and this
will in turn generate a huge amount of profit for local businesses and the
larger companies who sell the cannabis.
c.
I believe this opportunity is easy to exploit
because many people smoke marijuana and there will always be a demand for it
recreationally and medicinally.
d.
A prototypical customer would be anyone who
wants to purchase marijuana.
e.
Why I saw this opportunity: I saw this
opportunity because I know how popular cannabis is everywhere, and I know the
businesses are successful selling it in states where marijuana is legal, thus
it makes sense that there is potential opportunity here.
3)
Opportunity:
I think there is a huge economic opportunity in the field of artificial intelligence
a.
I have always found artificial intelligence very
interesting and I know that more companies are implementing it to help them be
more successful and ultimately generate more profit.
b.
I realize that there is an opportunity in this
field because I hear about it all the time and how useful it will be once
developed further. Machines will soon be able to jobs that humans can and think
like humans can which means less employees hired which in turn means you can
pocket more money because you don’t have as many employees to pay. Machines can
also compute things quicker than humans and save time which also means more productivity.
c.
I believe this opportunity is easy to exploit
once artificial intelligence is perfected. Every business owner wants a way to
save time and make more money, which is what AI can do for them if used
properly. The only potential problem is that it may be quite expensive.
d.
A prototypical customer would be any business owner
who would like to implement this technology for the benefit of his or her
business.
e.
I saw this opportunity because I have been
following AI since it has started to develop, and I know that we are on the
brink of it being widely implemented.
4)
Opportunity:
I think there is a huge economic opportunity in the water industry. The world
is running out of clean water, and companies are starting to realize.
Desalinization plants are already becoming a thing, and I think investing in
water companies may be a smart move in the coming years.
a.
I was watching shark tank the other night and
someone gave a pitch for a small device that was able to purify saltwater into
freshwater, and it got me thinking. I know companies are already working to
generate profit by turning freshwater into saltwater. The more freshwater we
use, the higher the demand will be for these desalinization plants.
b.
I realized that there was an opportunity in this
field after watching shark tank, and reading that large industrial companies
are already working on desalinization plants for the future water crisis that
is sure to come at some point down the road.
c.
I think that once the world is in serious
trouble from lack of water, then this will be the easiest possible opportunity
to exploit because every human on the planet needs water to survive.
d.
A prototypical customer is any human being
e.
I saw this opportunity mostly because of
watching shark tank, but I also had some prior knowledge on desalinization plants
and the world water crisis that is happening.
Ben,
ReplyDeleteI see serious application for all of your suggested opportunities. Specifically I think you couldn't be more right about the potential for growth in artificial intelligence. Lots of people are familiar with the term and hear about it on the news occasionally but very few grasp the realization of what lies ahead. I am a huge follower of Elon Musk and have heard what he has to say regarding AI. Within the very near future AI will be as big a market as any as it sweeps the globe like nothing we've seen before. Your point about machines being capable of doing human jobs is a great one. Their are many machines being developed today that are so smart that they needed to be shut down in fear of communicating in their own language. I firmly believe we need to be cautious but not afraid of this inevitable trend. Great work in this post!
Hi Ben,
ReplyDeleteYou introduced some great opportunities that I also found to be very important. The water opportunity that you mentioned is very important because having clean water is necessary for everybody. Without having clean water that puts everybody’s health at risk. If another way can be found to make water drinkable, then that increases the amount of water available. Also, I agree with the point you made about the marijuana industry increasing.
Hey Ben, I liked the opportunity where you talked about artificial intelligence. I also think that it's a very interesting topic and our society is for sure headed towards that direction. My brother is has been extremely invested in the development of AI as well and likes to keep me updated. If you have an understanding of that sort of thing and know how to properly implement the technology to make it possible, it's definitely an avenue filled with potential opportunities!
ReplyDeleteHi Ben,
ReplyDeleteI really do feel like the examples that you provided were especially relevant. Artificial intelligence and marijuana usage are especially hot topics right now and there are many opportunities in each field. I also appreciate how you mentioned the upcoming opportunities for water desalinization, that is something that I didn't even realize was on the horizon.
Hey Ben,
ReplyDeleteI think that this is a great post! The Artificial intelligence section really caught my eye. Like you said, its a subject that is always being talked about. I believe just a couple of weeks ago Elon Musk was on the news discussing the possibility of A.I. becoming too advanced for us to keep up with (similar to the movie Irobot). The field of A.I. will only expand so the fact that you're already getting into developing will definitely help you out in the future. Another great post!