Paul Mampilly wishes to share a couple of predictions with his fellow investors for business in 2019. His primary objective is to assist them to make the most informed decisions this year. One would wonder where Mampilly gets the authority and confidence to share such tips. The Indian Native has spent over 20 years on Wall Street holding varying positions ranging from money manager, senior portfolio manager, and senior research analyst among many others. These roles have exposed him to extensive knowledge of practical and successful investment strategies.
These practical tips include;
1.In the past, big data was inaccessible particularly to small businesses because of the substantial amounts of money needed for the same. In 2019, small business owners can let out a sigh of relief and finally take advantage of big data because it will become not only cheaper but also straightforward to leverage. Besides changing how business is done, accessibility to big data will also change how consumers interact with organizations across the globe.
2.While home appreciation rates have been about 5-7 percent, this rate is expected to drop to around 1.5 percent. Paul Mampilly predicts that the 1.5 percent rate will linger around for quite a long time.
3.A business that wants to survive must show the willingness to adapt to modern consumers. Companies will be forced to engage in highly personalized marketing techniques to attract and retain their desirable client base.
4.Business owners should expect a paradigm shift as far as product and services search is concerned. Paul Mampilly argues that an increasing number of people will prefer to use voice search to text search. As a result, businesses must change the way they reach out to their customers.
5.New sources of consumer data will crop up and in turn, change the way organizations market their products.
6.Targeted marketing will still be relevant in 2019. Organizations must, therefore, invest sufficiently in gathering truthful and enough consumer data to facilitate effective targeted marketing. This strategy goes a long way in preventing wastage of company resources on poorly targeted campaigns.
7.Businesses can remain optimistic as far as the political environment is concerned.
8.Paul Mampilly believes that Edge computing will push internet of things even
9.Longtermism that entails investing in assets that can be managed on a sustainable basis is expected to increase in 2019.
10.Virtual reality, which is still in its tender stage of development, is expected to explode in the near future.
11.Paul Mampilly cautions business people against the urge to ignore the power of user reviews. He emphasizes that user reviews and testimonials will play a critical role in determining the nature of the reputation they enjoy in 2019. Can Blockchain Put an End to Identity Theft? Paul Mampilly Thinks So.