The digital revolution is well and truly upon us. With new technologies emerging every day, it can be difficult to keep up with the latest trends. But if you are looking to engage in a growing industry, you should take a look at the digital sector. Here are some industries that are booming and poised for big things in the years to come.
Artificial intelligence (AI) is improving at an astonishing rate, and it is set to become more common in all walks of life. From self-driving cars to smart chatbots that can interact with customers on your website; AI is here to stay. A new wave of start-ups are developing new applications for AI technologies, giving you the opportunity to invest in the next Google or Facebook.
The hype surrounding virtual reality (VR) may have been a bit of a stretch, but that doesn’t mean the technology is going to die out anytime soon. After all, Facebook’s $2 billion acquisition of Oculus VR shows the industry believes in its potential. There are still challenges to overcome, such as creating detailed and immersive content, but many large organizations are investing in their own R&D departments. Technology is improving rapidly, with many start-ups challenging HTC Vive and Samsung Gear VR.
Unlimited mobile data plans
A growing trend in the telecommunications industry in the United States is unlimited mobile data plans. An unlimited mobile data plan means you can browse the internet without having to pay extra each time you reach your monthly limit. It is becoming more and more difficult to find an unlimited plan in Europe, but it is still worth keeping an eye on developments in the USA. European customers will likely be offered the option at some point, and when they do, they’ll likely jump at the chance.
Play live dealer games
Sites such as slots.lv are becoming increasingly popular as more and more people sign up for live gambling. The industry is worth a considerable amount every year, and its growth shows no signs of slowing down. As individuals become more comfortable with online gambling, the growth will continue to increase.
Virtual reality isn’t the only way to create an immersive experience. Augmented reality (AR) will soon be integrated into people’s daily lives, opening up a vast array of new opportunities. There are already many companies competing in this market, including Layer, Upskill, and Blippar. And with Apple bringing AR to the forefront with its announcement of the iPhone 8, the industry will be much more crowded before long.
Google Glass is a good example of an augmented reality product that was once purchased by consumers, but has now been replaced by a newer model that has been made safer and more user-friendly for the mainstream market.
Online health care
The healthcare industry is one of the most difficult and expensive to navigate. It’s also ripe for disruption, and many companies are working on online doctors who can diagnose you from your laptop or smartphone. A company called Babylon has already been rolled out, charging users between $40 and $50 per month for access to telemedicine services. It’s easy to see how this could be adapted to the US market, where health care costs are so high.
The lack of doctors in some areas is another area that can benefit from an online approach to medicine. Digital service providers will fill the gaps that traditional medical services don’t reach, expanding access to more people than ever before.
Industry estimates suggest that people are increasingly spending on digital content such as streaming video and music. The market is growing at an extraordinary rate and is expected to grow year on year for the foreseeable future. There are huge players in this market including Netflix and Spotify. But it won’t be long before someone other than Apple (iTunes) comes up with a compelling alternative, like Walmart with its acquisition of Vudu.
The growth of digital media is also creating opportunities for small businesses to get involved. Services like PLEX are simple enough for everyone to use, and they can provide an invaluable source of income.
Cybercriminals have been a growing concern in recent years, and it’s an area that continues to grow. As internet usage increases, so does the risk of cyberattacks. Most people already have a good idea of the importance of protecting their digital footprint. There are many ways people can secure their data, from services like Nord and Symantec to developing microchips that can be placed inside a person’s body.