At 18, Paul Mampilly moved to the US from India to further his studies. It wasn’t long before he fell in love with the culture and opted to become a citizen. He enjoyed a successful time at Wall Street where he spent more than 20 years. He eventually stepped aside from the fast paced life to help Main Street investors make a killing from their investments. Look at what he expects to happen in the course of 2019.
Access To Big Data
Smaller companies have had a hard time getting access to Big Data. This limited access has placed them at a disadvantage as they have not been able to compete favorably with million dollar companies. Paul Mampilly believes that 2019 will witness a paradigm shift thanks to the advances in technology. Big Data will be more accessible and more firms will leverage on its power to improve service delivery.
It looks like the days of text-based searches are numbered. Businesses will need to adopt voice searches to remain in the game according to Paul Mampilly. More Americans have warmed up to online voice searches and companies need to follow suit. He expects investments in voice processing software and Artificial Intelligence to be on the rise as companies try to keep in touch with their clients’ evolving trends.
Any company or brand that fails to pay attention to feedback from clients is doomed to fail. The gravity of this statement will become clearer as the year wears on. Paul Mampilly pointed out that customers rely on online reviews before choosing to transact with different service providers. With the numerous alternatives available, businesses will need to align their services with the demand to remain afloat.
Better Political Atmosphere
The seasoned investor and hedge-fund manager believes that the political conditions of 2019 will be enabling for entrepreneurs and large corporations. Businesses will enjoy more freedom and the opportunities for growth will be available for anyone who cares to look. Lower tax rates thanks to the Tax Cuts and Jobs Act also augur well for businesses.
There you have it. 2019 holds a lot of promise for businesses but only the prudent ones will thrive. Subscribe to Paul Mampilly’s Profit Unlimited newsletter to learn more about the world of investment. Paul Mampilly: Is Getting Chipped the Major Technological Advancement of the Future?