Paul Mampilly Offers Future Business Predictions
Paul Mampilly has predicted that Big Data will become more assessible to smaller companies. Up until recently, Big Data was only accessible to larger companies with huge marketing budgets. This will have an impact on how consumers interact with businesses around the globe. He also predicts that businesses will start to cater to customers by offering highly personalized marketing strategies. These personalized strategies originated from successful start-up companies and will be mimicked by larger companies to increase revenue. Larger companies will be learning from smaller companies to stay on top of the evolving needs of customers.
Paul Mampilly claims that people will be searching for products using voice searches instead of typing text. Businesses will need to change the way algorithms process these searches. Voice searches will increase the need for AI and voice processing software. He feels that voice search could become its own industry.
Virtual reality might still be relatively new, but the technology behind it is being developed rapidly. Paul Mampilly feels the VR sector is about to explode and will make a good addition to anyone’s investment portfolio. He also feels that people will be looking more long-term with their investments. Join on his crunchbase.com account.
Paul Mampilly claims the political condition of 2019 will be favorable for businesses and entrepreneurs. President Trump has been helping with de-regulation to give more freedom to businesses. There is also going to be a democratic gridlock that will help businesses, as it will be hard for new laws to get passed. The Tax Cuts and Job Act is a new law that helps businesses deduct expenses from investments and provide them with a lower tax rate.
People will be relying on reviews now more than ever. Over 95 percent of consumers rely on online reviews before making a purchase. This trend is only going to intensify in the future. Businesses that work hard to increase positive reviews will outshine those who don’t.
Paul Mampilly worked on Wall Street for 20 years before retiring. He now makes business predictions every month and provides advice and guidance in his newsletter, Profits Unlimited.