Question

find a trend for each environmental categories and then find a specific opportunity related to the trend.

1.social change 2. economics 3. technology 4. competition 5. Regulatory.

Answer 1

Social change-

The extreme fragmentation we see in the population based on politics, religious views, and moral beliefs will result in actual congregating of people with similar beliefs in towns and in various parts of the country. The severity of the isolation will depend on the degree of difference… small populations of those with pronounced indiosyncracies in their beliefs will withdraw from the mainstream more completely.

While many of the divisions may be driven by differences in worldviews, I believe that our ability to connect together many people of similar tastes will also result in curated communities based on common interests. There might be a town of Trekkies who place a statue of Spock in front of the courthouse and enjoy Star Trek themed facades on their buildings, or a town of people who want no billboards or advertising anywhere within their borders.

Trend for Economics-

Five trends, as I see, in near future are as under :

a) Exploitation of Solar energy as world would be running out of Oil or destruction of Oil reserves in cross border wars and domestic strife. Its already happening in middle east.

b) Growth and thrust on small entrepreneurship. Jobs cannot be created in tandem with demographic changes. Jobs will become more competitive and expectation of income would go up. Skill gap would widen as literacy rate & tech savvy skills may take time to keep pace.Govt will be forced to go back to basics & create opportunities in small & tiny sector.

c) Natural calamities may rise due to Global warming. Apathy towards Nature and mindless exploitation below ground and above groud will wreck havoc. Nature will resort to swift adjustments through floods, earthquakes, hurricanes, tsunami, etc.

d) New Superpower will emerge & with it handling of global situation would change. Consensus form of leadership and affiliation would emerge. Era of domination of any one country will taper off.

e) The Agri sector will undergo drastic changes. Both in terms of innovative technologies and thrust for Organic output. As of now the Operating area is shrinking and the global demographic will throw more mouths to feed on. There will demand for special food for Old age generation. Junk food & drinks will vanish.

Trend for technologies-

following are few examples of trends in technologies

1) Driverless Cars

The development race for self-driving cars was the major fodder for news channels around the world in 2017. The concept of self-driving cars has attracted some big corporations such as Google, Tesla, Mercedes and more in an arms race for introducing the first driver-less cars on the road.

2) AI (Artificial Intelligence) OR IoT (Internet of Things)

2017 witnessed the marvel of AlphaGo Zero when it taught itself the game of Go became its best player ever in just 40 days. And it did all that without any human data or interference.

3) Prescriptive Analytics

Large organizations and companies started working on Big Data and created their way to be better at predictive analytics. This was helping medium and large businesses tremendously for improving customer experience, processes and many other things.

4) Edge Computing

Edge computing is the key factor in making IoT (Internet of Things) work. There has been an unprecedented rise in data generation which has led to an increase in demand for means of gathering, storing and utilizing all of that data in more compatible and centralized means.

5) Wearable Tech

Track your health using technology that is wearable and helps you measure the status of your health when you exercise. Wearable technology comes with many features that are futuristic and accurate.