Paul Mampilly is a well known finance guru. He writes and publishes a newsletter about investing and the current trends in the financial markets. Mampilly worked on Wall Street for many years as a highly successful fund manager. Paul recently made ten predictions for the next year for both businesses and the entire economy. One of his first predictions that Paul Mampilly has made is that big data will be more accessible. With more information being available and easy to obtain, businesses of all sizes will use this to market themselves and get more customers. Another prediction that Paul Mampilly has made is home appreciation will decline during 2019. For the past ten years home prices and values have risen. However, they are likely to go down during 2019. According to Mampilly prediction, the rates will go up by 1.5% during the next year. During the next year businesses will use more personalized marketing techniques.
These techniques will include forming relationships with customers and providing more personalized interaction. With the development of voice technology products, there will be an increase in voice search. Since many households have these devices already, they will be used more often and consumed by more people. They will be used to make more efficient internet searches. Paul Mampilly also predicts that there will be more consumer data. With more access to important information about customers, companies will be in position to market more effectively based on this additional information. The political climate has been very beneficial for businesses over the past couple of years. With a favorable political climate, businesses will be in position to hire more workers as well as increase their profitability. One of the most significant technological trends has been edge computing and the internet of things.
These technology developments will help grow the economy during the next year according to Mampilly. Long term investing will be more common during 2019. With both corporations and individuals looking to capitalize on the economy, they will invest in more assets. They will look to invest in assets that will grow over a long period of time. This will result in more wealth building among both parties. During the next year, virtual reality will be increasingly more common. Companies that develop virtual reality products and services will experience more growth. Investors will be more active in putting their funds into these types of companies. Since many individuals and companies look for products and services on the internet, the reputation of businesses will be very important during 2019. Companies will need to have a very positive reputation on the internet in order to get more customers and have their business grow.