There are various advantages when you pursue your career as an entrepreneur. You have your own schedule, you go to work at your own time, and you have introduced your own culture as per your own values and beliefs. Moreover, you have an opportunity to introduce some creative thing for the people that is your product or services.
If you are want to start your career as an entrepreneur than following there are some industry that is flourishing in 2020. Focus on these markets and advance technology provide you a distinguish values from other entrepreneurs.
Below there are four markets that have huge potential in 2020.
AI as a Service:
Artificial Intelligence is a very diversity and emerging field in the future market.it does not just remain as a technology. According to the statistics, AI and machine learning produce $8 billion profit in 2016 and it is predicted that in 2020 this industry gives you a $47 billion business. Which mean it provides more efficiency and great automation, as well as a workforce, are reduce and most of the task are performed by robots.
Through artificial intelligence machines are able to perform more “human,” logical tasks than ever before. There is an increase in the demand for intelligence officers and post. Every business will hire a chief intelligence officer in top management and more implement of services that support AI.
Automatic and self-directed cars without drivers are becoming more practical and in the future, it will become conventional for everyone. So what’s next? Extreme fastest train such as Hyperloop, chances of flying car and increase in drones. Due to the advancement of the Internet of Things, all vehicles will associates to this and looped into the city or either anywhere on the earth connected through smarts grids. In 2020, we are entering into the new mean of transportations where advance software, AI technology, sensors, amazing machine and utilization of energy will all contribute in this industry to move people from one place to another place with faster, comfortable and competence. Zee and Crapo is the example of his thing.
A New Breed of Infrastructure:
We all of us have invested billions of dollars from last thirty years to design our information infrastructure. The future era is all related to physical infrastructure. All countries are now again investing in recreating the infrastructure as well as upgrade and expanding their current infrastructure as per your developing economics. Physical infrastructure includes invention in resources, build a better road, pre-construction buildings, and smart sensor-based technologies that bring huge renovation to our physical infrastructure. The excellent example of innovation in the material is View Dynamic Glass. The invention of intelligent windows helps to minimize the light and stare while given a clear view.
Food and Agriculture:
As the increase in the ratio of obesity rate, the people have become more concession about his or her health and a healthy lifestyle across the whole supply chain. According to the scientific research about human genomics found that humans should take DNA-centric nutrition plans. To begin this plans, people will go for sugar-free technology and perpendicular farms to produce more vegetables to 3D innovation in food and agriculture technology. Companies such as Hampton Creek are revolutionary of the new agricultural movement that support producing plant to make healthy and affordable rate at your home. CompanyAppeal Science provides the before and after yield coating that is made up of 100% plant material. With this invention, we have able to minimize waste and maximize productivity.
According to KPMG there, a huge number of investors who are keen to invest in above industries as well as top universities and research centers students are more focus and doing various research on above-stated industries. Although there are some challenges in every business and entrepreneur is a person who willing to take the risk. Without risk, no entrepreneur can succeed. But if you have a willpower you can accomplish anything that you wants. Be a part these industries and contribute your skills to make the world better.
Betapreneurs are the future professional who functions in the process of trial and error to try something innovative. Resilient, self-dependent, and extremely strong, are the main key factor for the entrepreneur 2020. According to the statistic, there are only 30% European women entrepreneurs but it is predicted that in 2020, from 2 out 3 graduates will be female. Also predicted that they will definitely change the way of doing entrepreneurship and contribute to the world economy.
How to Innovate for the Future
As the world is revolutionized rapidly. Creativity and innovation are the weapons of future entrepreneurs. From the presences future entrepreneurs, most take the lessons how to use that weapon in the future.
- The world is a huge place: so don’t limit yourself and your creativity within your company.
- Aim and dreams high: if you don’t do this your incremental invention can lead you to miss out on advance future opportunities.
- Try with a new organization that has horizontal and agile structure, for more learning.
- Practice thrifty innovation and start to get experience from the first to the end of the pyramid.
- Do not be discouraged when a failure occurs because great leaders learn from their own mistakes.
- Encourage leaders who flourish on uncertainty, give the long view, and the champion will change the world.
The entrepreneur of 2020 won’t want to be an entrepreneur
And the entrepreneur of 2020 won’t require wagering the way as the today’s entrepreneur does. In past, it is difficult to know whether the business success or failure until it happens. but the future entrepreneur won’t need to take as many risks because they will be able to crowdsource a wealth of data that will help them that whether he goes with that idea or not. Also, Crowdsourcing will be applicable to all entrepreneur.