Businesses of the Future ?

GeorgeDr Level 1

November 14, 2018, 11:10 am

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We live in an ever evolving society , that is moving forward way faster than it has since the beginning of human civilization. In a matter of some years we communicate through great distances with great precision , and businesses are adapting a world-wide mindset.

In that type of industry , what do you think will be some of the most profitable businesses of the future? The opinions that I have personally gathered from people are mostly in terms of technology. Things like robotics , engineering-medicine combined , bioinformatics , new type of entertainment (although I have no idea how that type of entertainment would work) , maybe even travel agencies for space vacations.

For example YouTube is a big thing that proved profitable for the creators that grabbed the chance early on and the same goes for cryptocurrencies. Years ago things like these would be impossible without the internet.

So what are your opinions ?

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Martinsx1

Martinsx1

I believe that robotics are very much in use today but in a very small scale. It's only but a matter of time and it would become a very common and popular trend which everyone would take part in.

I can very much remember when sex dolls was really trending but now, it seems to have cooled down a bit but I'm sure it's still going to pop up sooner or later.

8 years ago

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menchuuy58

menchuuy58

I agree with you. Time is flying so fast. technology keeps on advancing. I think anything related to technology like phones and gadgets will really flourish in the future.

8 years ago

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Youngshark

Youngshark

Technology agriculture and anything that is cosmetic related will always be set to be successful even in the future as it will never run out of customers. we should as such introduce innovative solutions that are based on such industries.

8 years ago

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jayjaydimson

jayjaydimson

Yes, we don't know what our smartphones can do in the near future.

8 years ago

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jayjaydimson

jayjaydimson

Yes, we will not know what will be the technology for tomorrow or so, that's why it's unpredictable.

8 years ago

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Steve5

Steve5

I think so too. Kind of like those futuristic movies. They may not even be advanced enough to predict how amazing future technology will be. In fact, other parts of the world are pretty much using gadgets everywhere.

8 years ago

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mitan143

mitan143

Yes, that is presumably the future business in this modern generation. Everything that relates to robotics and AI (Artificial Intelligence) technologies.

8 years ago

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Youngshark

Youngshark

Artificial intelligence is a field where I believe that we have only seen its tip if it was to be considered an iceberg. I have watched some youtube clips of some upcoming innovations in the sector and let me say that I just can't wait for the future to come.

8 years ago

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iambeth

iambeth

It would be nice to have something like Rosie the robot in the Jetsons animation. Someone who can do housework and also some parenting to the children.

8 years ago

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Youngshark

Youngshark

Hahaha this is not an impossibility if planes exist which were even impossible to imagine for the people that used to live in the old centuries. We just have to wonder whether we will be alive to witness it.

8 years ago

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jeffreyjose48

jeffreyjose48

I believe that food businesses will still remain and even thrive in the future. People needs to eat food everyday.

8 years ago

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mark8625

mark8625

Robot will definitely become popular in the future. Developer still doing a hard work to create a robot like human in the future.

Sex dolls are still in the market and many are still using it. You just dont noticed it because they buy it discreetly.

8 years ago

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Kakashi2020

Kakashi2020

I think that Virtual Reality will play a big role in shaping the future. If you remember The Matrix Trilogy films and the recent gaming film Ready Player One. Something to that effect might be our future well the good things only and not the bad ones.

8 years ago

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Judas2018

Judas2018

@Martinsx1 I think robotics will become more prominent as we move into the future. I believe high end, and highly intelligent robots could serve a great purpose in protecting schools, buildings and other installations from active shooter or mass shooter situations.

8 years ago

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theresajane

theresajane

I would still stick to smartphone manufacturing. I can't wait to see a future where smartphones would come on different appearances, like a transparent one. I'm also excited for the revolution I smartphone cameras as I always want to see a camera that can capture in 3D.

8 years ago

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nrnlss

nrnlss

I agree with you, how they can still level up the features and technology of a smartphone.

8 years ago

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Judas2018

Judas2018

@theresajane A transparent smartphone? If you think people are dropping their phones by accident too much now, wait until they own one that that's 'see through.'

8 years ago

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emiaj55

emiaj55

I am pretty much sure that if manufacturers would ever release such see through phones they would include features that would enable users to find them whenever. Great minds are developing our technologies into what past generations could only think of i sci-fi movies. (And having said that, superhero creators have already thought of the idea of invisible transport vehicles. You may view some in here: https://www.motor1.com/news/72193/7-non-car-superhero-vehicles/. Surely they would think of a way for superheroes to find them wont they? After all they can't be late from superhero duties, lol). So by the time they have developed a see-through phone, they would have developed the locating features of it as well.

@theresajane, I agree with you. I think that if technology of smart phones continues to develop, and I mean develop not just its appearances but its functions as well, then I feel like it is going to be one of the more blooming industries of the future. And I would definitely invest in that. Just think of it, what if our phones are not just transparent as a glass. What if you could pull it out of thin air? I mean a holographic phones. ( The idea has been around the internet but a lot of it are scams. But that doesn't mean they can't be done in the near future). That would change our view of smart phones entirely as they would look different, with its physicality and functions. Those phones would be surreal!

8 years ago

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mark8625

mark8625

So do I. I would love to see what will happen to mobile phone in the future. I want to see also how this gadget will evolve and become more powerful than what we have today.

8 years ago

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Jeane

Jeane

Around June, I saw an article which claimed that Xiaomi (Chinese manufacturer) was planning to build a transparent phone. So it does appear that it is something that we might see soon enough.

Apparently they aren't the only ones who've thought about this. Back in 2015 or thereabouts the idea was floated but so far no transparent phone has hit the market. It appears that we have to wait a little longer to find out if Xiaomi will be successful.

8 years ago

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esteban123

esteban123

I think I would just have my own printing business since I see that there is a big demand of that particular business here in my country. I am just saving a lot of money from my offline and freelancing work so that I can have it in the future. I am just waiting for the right time for now so that someday I can start to operate my own printing business.

8 years ago

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ajahcuizon

ajahcuizon

That is also a great idea. It is very in demand for students because they will probably need it for their projects and thesis. You could also print tarpaulins or t-shirt designs. There is a wide range of opportunities with a printing business.

8 years ago

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esteban123

esteban123

Yes that is right that is why i am planning to establish such business because I am optimistic that I can do well from it. I will make an expansions when my future business started to make some profit so that I can cater with the increasing demands that my customer is looking for.

8 years ago

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ajahcuizon

ajahcuizon

It is good that you are making business from something that you know you are good from. I suggest to build your business near to a school because thay would be you great traffic might come from. Wishing you all the best for your upcoming business.

8 years ago

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esteban123

esteban123

Yes I would surely locate my business in such busy places such as near some schools since I can gain more clients and customers from that. I am really excited now to have such business If I already have the capital to start with. Thank you for giving me some tips and hints on what to do on such business and I would surely take note of your suggestions since it will be my guide in starting such future business..

8 years ago

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burgosmichael24

burgosmichael24

A good business must be based on the needs of the people. Supplying their demands and giving them solutions to every problem that arises is always been the best business of all time.

8 years ago

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theresajane

theresajane

Great point you have there. Of course, people will buy something they need. A business that gives solution has a high chance of being successful.

8 years ago

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overcast

overcast

It's hard to say. Soon people will be doing overdo on youtube.And eventually that platform will fade. And people would join other places. So that is kind of cycle. I have seen that with many websites. And that can be seriously not a good idea if you ask me. Lot of changes happen if anyone pays attention for say like 10 years span.

8 years ago

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theresajane

theresajane

I agree with you. It's kinda of sad as YouTube has helped a lot of people and has helped me overcome boredom and helped me gain knowledge and fun. However, we have to accept that eerything's a cycle.

8 years ago

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overcast

overcast

Yes. It is a good platform. But if tomorrow facebook starts paying people. I am sure they can be alternative to youtube. And that is surely going to happen. Only different being facebook is not planning on paying people. So that is one reason why people are not into it yet.

8 years ago

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beerthooyah

beerthooyah

Digitization, automation, and artificial intelligence will be a factor in the success of businesses in the future. Businesses or even individuals should learn how to cope up with these fast changing environments so that they could have an edge in competing with other businesses. Investing and adopting in new technologies must be the priority of any individuals either businesses or any single person. If someone wants to be successful in the field of business he or she must possess knowledge and skills in the above mentioned field.

8 years ago

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cks003

cks003

There has always been constant new innovations introduced in the market place that claim could change the horizon be them in business, technology etc. I recently came across blockchain technology that many admitted would revolutionise the way we store value and communicate. The technology is said to allow humans to save tremendous cost and time in any transactions that requires third part as intermediaries, be them in finance, banking, health etc. This decentralised ledger would become the norm in dealing business in the future but at the same time also make many people become redundant. Maybe any new introduction is always accompanied with destruction.

8 years ago

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ajahcuizon

ajahcuizon

For me, robotics and technology would be in the demand in the near future. Our technology speeds up into advancement and people would like to cope up with it. In my idea, businesses like technology repair shop would be a great idea as more people would have been able to have such technology that they don't have enough idea to fix if ever it will have damage. Providing assistance to them would be a great idea.

8 years ago

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burgosmichael24

burgosmichael24

We cannot deny that technology plays an important role in our society in the past few decades and it grows rapidly. However, when it comes to future business, I will go for smartphones. They are continously growing from one level to another. We need to understand that successful business are based on needs not in just pleasures.

8 years ago

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Jeane

Jeane

Virtual reality will be the next big thing I believe.

Everything from gaming to movies, sports and maybe even shopping will use VR tech. Investing in VR right now will prove to be very profitable in the long term because there is a high probability it will be widely used in future.

For the intrepid investors who are willing to support startups, or bloggers and vloggers who want to reap rewards in the next decade, choose the VR niche and right now.

8 years ago

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vhinz

vhinz

Yup Virtual Reality will be a big thing in the future. Possibly it will be integrated into social media to make the use of those platforms more interactive and provide a better user experience. A virtual dating site or meeting place would be possible as the technology keeps on advancing.

8 years ago

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Jeane

Jeane

VR will most certainly be integrated with social media eventually.

Thing though is currently since VR headsets are quite pricey, it might be a little while before we see social media-VR integration. As prices of the headsets drop and more people start buying them, we'll most likely see more sites starting to offer an (immersive) VR experience to their users.

8 years ago

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vhinz

vhinz

What we see in today's movies about virtual reality will be realized in the future. People will meet in the virtual world. I'm not just sure if I'm still around by that time but I do hope so. This would be a good business for companies developing virtual programs.

8 years ago

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Jeane

Jeane

People will meet in the virtual world. I'm not just sure if I'm still around by that time but I do hope so.

When that happens VR would change the online shopping landscape completely. Even if you were buying something online it would feel like you really are in the store, talking to the sales guys. It would be harder for someone to sell you a defective product.

8 years ago

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jayjaydimson

jayjaydimson

Yes, I agree with you, and by that, you can integrate your business from it to make it more sales.

8 years ago

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jayjaydimson

jayjaydimson

Business will become a lot easier in the future because of the technology, tho it will be a lot harder because of too many competitors.

8 years ago

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mark8625

mark8625

That is actually predictable. More or less people will work with high technology in the near future. Our technology is advanced today what more in the future.

8 years ago

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theresajane

theresajane

I agree with you. You know, businesses arise because if the trend and because of the needs of the people. Thus, competition will always arise and it is inevitable.

8 years ago

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edencaga

edencaga

Since we are in the technological world I think phone will be upgraded higher than we thought today. If you can play music in watch just like in apple and samsung, we wouldn't know how it will transform in the future. Inventors can create robotic animals or human like, how much more in the future. If we use VR or 3d glasses today to see things like reality, it can be that in the future, they will invent a 3d effect or 4d effect out of contact lenses.

8 years ago

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amelia88

amelia88

I think there will also be a lot of automation happening and certain jobs that humans currently do will be minimized or phased out completely by machines.

I also think we’re going to see more and more social media presence, and more social media “influencers” (I really hate that term but it seems to be the way of the world!)

8 years ago

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jaybee19

jaybee19

In contrast to all the stated possible businesses which are obviously going to happen in the future, I believe that selling trees/plants will also become a major hit business in the future especially that the advancements in technology and infrastructure could also mean that there's a big possibility of losing green areas (areas with a lot of trees/plants), hence pollution and toxic air. With this in mind, there is a possibility that every tree/plant would be sold in a much higher price compared to it's present value in the market. A lot of urban cities with high rise buildings like apartments and condos actually have residents that does purchase potted plants of any kind in order to have greens inside their house and I am actually a bit sad that that is happening because I do believe that it is better to save the environment by giving it space of itself.

8 years ago

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amelia88

amelia88

I do think there is a definite movement towards more environmental awareness. I think for a long time people denied things like climate change and global warming, but people are opening their eyes to doing things to help the environment rather than hurt it.

I certainly hope that tree and plant sales increase! It's a great thing for our planet.

8 years ago

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jaybee19

jaybee19

Yes there is but the sad thing is more and more businesses and establishments are being opened without considering the environment. Like for example in populated countries where there's a large demand on infrastructures for people to live with and they take a lot of resources from the environment. However, I just hope that someday soon, more and more businessmen will be open to the idea that their big businesses are useless without the help of the environment where they take some or for other companies, almost all their resources like the food producing ones.

8 years ago

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vhinz

vhinz

We're living in a technology era. Whatever technology that could ease people in their daily activities would be a profitable business. Those who have the technology and continuously innovating will surely on the top of the market.

8 years ago

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Barida

Barida

Yeah, we should be looking at tapping from the inventions of technology as that is one way that we can get to make a whole lot of money. I know that there are big things coming up in the future and this is one reason I always try to follow early trends as well.

8 years ago

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Youngshark

Youngshark

Tech is vast, tech is flexible and tech is versatile. It can be implemented in any field and still bring about the desired results. this is why there is no future without thinking about tech.

8 years ago

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Barida

Barida

Artificial intelligence is one business that I think that it is going to sweep the world with great strides in the future. People will definitely pay more to have that applied in their businesses and that is one that I am looking forward to as well.

8 years ago

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Judas2018

Judas2018

Gonna need a failsafe though. I would love to implement more technological aspects into my business. But I wouldn't want an AI running the whole darn thing.

8 years ago

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overcast

overcast

Problem is that human connection will end once the AI comes into the power. So we can see that business of future has to be specific to humans. And humans have to consider this as a way to solve issues. Ai can be pretty bad for the business in general with humans removed.

8 years ago

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Judas2018

Judas2018

@overcast That's the problem now with some companies. When you call to order or discuss something, you have to go through a ton of automated prompts before you talk to a live person.

8 years ago

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overcast

overcast

Yes. And the thing is that every step of the way they are collecting data. Yet they are not solving the problem effectively. AI can be bad when you want to talk to someone. It can just bore you out.

8 years ago

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anyone01

anyone01

I noticed numerous answers here that focus on technological innovation from self driving vehicles and sharing economic system powered travel and accommodation to even area travel. I couldn’t agree more. there may be much else in our lives that technology is yet to clear up, from lengthy travel instances to town infrastructures that aren’t getting any better. All in proper time, I trust.

8 years ago

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amelia88

amelia88

Self driving vehicles definitely seem to be quite a "buzz word" here too - I often read little bits about them in the media. I do wonder when we're going to see self driving vehicles overtake traditional vehicles - it's certainly a growing market that should expand well into the future.

8 years ago

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Jeane

Jeane

It might take a while before self-driving cars take over. I'm sure that the auto companies which make these cars will set the prices high initially so they can recover the money spent on research. So I suppose for a decade or so, the price of self-driving cars will be way too high for most people.

8 years ago

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amelia88

amelia88

Yeah, to be honest I don't think I'd want to buy one right away anyway even if they were affordable. I'd want to be confident that they were 110% safe!

8 years ago

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romyter013

romyter013

Yes i have a point there. Technology these days are really amazing and so many things that are created to make our life more easier to finish a certain task. These will never stop to upgrade and update. But for me in case I'm going to open a business in the future, I would open a restaurant where they can eat all the foods they like as well drinks they love to drink too. Future may come, but people would still eat and and will get hungry for sure.

8 years ago

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stbrians

stbrians

What amazes us now will not be something big in the near future. We marvel now but the future has its surlrises

8 years ago

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jpk0007

jpk0007

I think the business of the future will always be anything related to Technology. There is always some kind of advancement which happens in all kind of technologies. I am sure this cycle of upgrades is never going to stop. Initially, we had landlines, then we had the Feature phones, now we have Android smartphones. There was a 2G network, then 3G, Then 4G, now we are going to have 5G. Change is inevitable in every field and if we are aware of every change that is going to happen in the future then we will be able to invest smartly and enjoy the success when it occurs.

8 years ago

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overcast

overcast

I have to agree the innovation always keeps moving. And people move from one to another. And business always goes on and on. And some of the time it can be harder to see the bigger picture. But something else is always coming. As long as people want to solve problems and make business out of it.

8 years ago

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cmoneyspinner

cmoneyspinner

When I want to know about business, especially predictions or trends, I usually check respected publications like Forbes or Fortune. I am hoping the businesses of future take the blockchain technology seriously and bitcoins and other cryptocurrencies become an accepted form of currency just like the dollar bill.

8 years ago

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amelia88

amelia88

I do think that's going to happen eventually. Some countries are really on board with the whole cryptocurrency thing. I actually read that Vanuatu allows you to buy citizenship there with bitcoin, because they want to be a leader in cryptocurrency. Pretty cool for a small island nation in the Pacific!

8 years ago

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gutzman

gutzman

I am looking forward for a more advance technology in the future. This way anything that we have now can shift their own sizes to save spaces at home or anywhere else. Like for example, you don't need to carry a bag on school anymore cause you have this tiny thing that when you press on it, you'll have access of everything you need in school. Sounds more like of a cellular phone but I'm looking for something that is allowed and could be universally used for daily life. That kind of business in the future will surely be successful. For a more realistic approach though, I think online bushiness might replace the majority of other businesses in the future. People tend to use technology more often rather than any other thing so there's no way around but to look forward for a business related to technology.

8 years ago

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HappyLady

HappyLady

I think there will be a move away from hands on business and eventually training for any kind of job at all that is not people based, such as nursing or social work will be Internet based. Going into the factory will become a rare thing apart from those who check the end product or machinery and even in shops we will serve ourselves. It is already happening with those scanner things in supermarkets and self service check outs.

8 years ago

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jayjaydimson

jayjaydimson

I can see business in the future will be quite easier because of the technology that keeps on updating these days.

8 years ago

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Kakashi2020

Kakashi2020

I think that the telecommunications industry would evolve to better serve the people. In the near future telecommunication devices like Smartphones would offer more features and benefits, it would also have a faster charging time and a longer battery life as well as better memory. Internet would be faster and there might even be hologram phones, which could be the next step in the evolution of Smartphones.

8 years ago

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esteban123

esteban123

Yes I agree that telecommunication industry would evolve more because in my country there is a new telco player that was invited to give service to the people. We are expecting that we will now experience high speed internet connection at a cheaper price in the coming years since it will create a fair competition which would leave to have better options among consumers.

8 years ago

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vinaya

vinaya

In think in the future everything will be AI powered and anything powered with AI will be the business of the future. I believe crypto currency business will continue to boom in he future. I also see the possibility of telecommunication business growing bigger in the future. I see internet based business becoming very popular in the future.

8 years ago

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DenisP

DenisP

I think that many businesses are probably going to be geared more towards providing services like artificial intelligence and automated labor. As more and more work becomes automated, and we face the advancement of artificial intelligence, we’re going to find that we need people who are skilled in repairing and servicing these things. It’s going to bring about the rise of an entirely new career.

That being said, I think the better question is how many jobs we’re going to actually lose due to advancements in technology. I think the manual labor force is going to take severe hits as we make more and more jobs automated.

8 years ago

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mcnasci24

mcnasci24

Every day new developments appear in terms of technological advances that make our lives easier. Today we are seeing the advances of 3D printing, delivery with drones, virtual reality, bots in chats, among many other technologies. In fact, there are already virtual reality applications compatible with operating systems such as Android or iOS. It's only a matter of years until most businesses are done online.

8 years ago

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Adrian120501

Adrian120501

I think businesses like android phone's are the one's who will have a great impact in the near future. Because we cannot deny that this era that we're living now is focused in latest new update of android phone/smart phone's. All people now is addicted to have a new gadget's and aiming to have a latest kind of gadget's and some are also comparing what they have to their friend's gadget so i think in the near future it will be a great business to have.

8 years ago

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cks003

cks003

In the near future, the third parties who usually play the role of intermediaries between transactions will be redundant and phased out. Transactions can be conducted without the intervention or help from the said party as with the new technology such as block chain, people do not need to know the other party in the transaction, people can trade and exchange without intermediaries to facilitate. Thus, in the near future, banks, agents, lawyers etc will not be needed in some of the industries such as in real estate, money transfer, banking and stock exchange etc. That helps in reducing cost and time.

8 years ago

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Bravosi

Bravosi

Wow, this is an interesting topic. Glad someone brought it up.

Personally, I think, and as you said: the society is evolving. Obviously newspapers are undesirable anymore, and I'm sure 100% that many of modern businesses will be too.

I think that future businesses might evolve in the cryptocurrency area.

8 years ago

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jaymish

jaymish

I agree that technology is bound to be big in business in the future. I think that anything that allows people to live a better quality life and allows people to be efficient is a big seller. Good examples are electric cars which allow people to spend less on gas and save the environment at the same time. Business is all about solving problems. Anything that provides solutions, even a basic business idea with a new angle will make money. Technologies like solar are the big business of the future.

8 years ago

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esteban123

esteban123

@burgosmichael24 I agree with you since a good business is something that can help others to sustain their needs. We can have a good business if we can supply their primary necessities since we can make a lot of money form it. We should make our business be based on the preference of the people for us to earn more profit.

8 years ago

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knnon

knnon

With the rise of virtual everything (like virtual assistants and etc) it's possible that in the future all of us wouldn't need to leave the comforts of our home and just work from where we are. Everything is going to be run via computer... or a mobile phone. Who knows though. I have an overly active imagination.

8 years ago

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Wenkx03

Wenkx03

I've read an article about on global warming. I tackles about how people destroying and keep polluting the earth. And we might come to the time that we have to buy clean air to breath.

8 years ago

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Jeane

Jeane

It is possible that we will get to that point where this might be something that some people will find attractive, the elite particularly.

Though one can hope it won't come to that since most countries can't work together to combat pollution, there is a probability that things will get so bad that all nations will be forced to do something about preventing pollution for the good of everyone.

8 years ago

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Corzhens

Corzhens

I know that this is already happening so I guess this is not exactly a prediction. Online stores will be dominating the economy that offline stores will evolve to offer another kind of shopping experience. Compare a purchase of an item from an online store with a purchase from the store in the mall, the factor of convenience is very obvious. Right now the advantage of the mall is in being a one-stop-shop with the stores, restaurants, and even cinema inside one building. But the inconvenience of going to the mall will defeat that features with the horrendous traffic on the roads.

8 years ago

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jessie271

jessie271

Business for the future? I can say something that is in the trend. Before putting up a business, consider the trend. Does it have a big market? If it has, then probably that's worth the risk. If it's some kind of a product, the demand should be high. Or it can be something that people really need like food etc.

8 years ago

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LiamNoQ

LiamNoQ

I using C++ for creating codes for all the automated equipment I have installed in my deposit. It is a little bit hard to create all the codes, but at least you will be sure that everything works how it needs to work, without any errors. I was using some standard programs for controlling the automated system and because it wasn't adjusted correctly, a big part of the door openers start to work slower with time, until their engine died. It considerably slowed down the production in the factory, so I immediately found a company that repaired them very fast.
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https://www.automationstop.com/allen-bradley-repair/

6 years ago

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lindsaymonaco85

lindsaymonaco85

It is predicted that businesses that are based on collaborative economy models will enjoy immense success in the next few years. Some good examples are Airbnb, Uber, Ola and Lyft. These types of businesses not only help the final customers, but also assist the service providers and ultimately make commissions.

5 years ago

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milaniagreen

milaniagreen

Digital transformation allows an organization to respond to constant changes in the market situation. As a result of this incremental transformation, organizations often find that new technologies are improving nearly every process in the value chain, from customer and supplier relationships to product and service marketing. In addition, now it is easy to find professional performers for this purpose, I advise you to learn more here https://inventorsoft.co/services/frontend

5 years ago

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