Sunday, September 17, 2017

Identifying Opportunities in Economic & Regulatory Trends

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.


            

5 comments:

  1. Ben,
    I 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!

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  2. Hi Ben,

    You 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.

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  3. 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!

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  4. Hi Ben,

    I 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.

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  5. Hey Ben,
    I 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!

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