Paul Mampilly is considered to be one of the most revered and sought-after investment advice consultants in the business. What makes him so qualified to give us advice on the latest and future trends? Paul Mampilly has worked on wall street for the past 20 years collecting an extensive amount of information and experience that has allowed him to understand the market better than most. A few of his positions through the years have been senior research analyst, portfolio manager, and money manager for various firms. The following are one of his few business predictions for the upcoming 2019 year.
The collection of Big Data
Although we are all familiar with big data, we also understand that only large companies have been able to utilize this information due to the expensive and round the clock work it takes to hold such data. According to Paul Mampilly, big data will soon be available to smaller companies due to the advancements in technology that has made it easier to obtain and run for these low staff companies.
The housing market
Over the past decade, the housing market has been experiencing constant growth between 5 to 7 percent. this allowed consumers to purchase homes and quickly flip them over a few years for a profit. Paul Mampilly has recently commented on the housing market stating that within this year the housing growth rate will average at 1.5 percent.
Voice search technology has revolutionized in the past year the way we interact with our homes, cars, and shop. This also means the way that algorithms within sites are capturing the right customer. As the technology of voice search becomes more common the method of capturing customers does as well. We will soon see large investments in making AI search more accurate and effective in the upcoming year.
The current political climate is seen to be a favorable one for businesses in 2019. Businesses in 2019 will receive many favorable benefits due to President Trump’s deregulation legislation in the business sector. In addition, because of the democratic win in 2018, both houses of Congress will prevent each other from passing any meaningful legislation that could detour these dregulations for the year.