The One Big Investor Trend of 2019 and Beyond
Artificial intelligence is an enormous investment possibility since its influence has already been felt, and is only set to keep expanding.
Three Most Exciting Trends for 2019
2019 is set to have some hot stock opportunities in certain industries. Every year seems to have some exciting trends or hot segments to invest in, and analysts believe this year has its picks too. In fact, these trends have been building up in the previous years to become potentially major trends in 2019. The segments making much of the news and building excitement are artificial intelligence (AI) in the technology sector, electric vehicles (EVs) in the automotive sector and cannabis in the healthcare sector. Motley Fool analyst Chris Neiger reckons there isn’t much point in holding off from these trends for long. He admits there could be some volatility in the growing stage, but that’s nothing compared to the “unique investing opportunity” each of the segments offer.
Focusing on Artificial Intelligence
Let’s look at the enormous possibility of artificial intelligence. AI can really bring technologies to the consumer market that can transform the way we do things. We can already see some of that shaping the market.
Take the example of self-driving cars. Alphabet’s ($GOOG, $GOOGL) self-driving car company Waymo has already launched a ride-hailing service, the first autonomous commercial ride-hailing service. The Waymo technology involves AI systems processing visual information from sensors and cameras. Estimates of Waymo’s potential market value are at $70 billion.
In the AI segment you also have Amazon ($AMZN). Machine learning is something already used by the company for the image and speech recognition features it offers through its cloud-computing AWS (Amazon Web Services) platform.Machine learning is also used by the company to predict product demand, deal recommendations and even search rankings of products on its website.
It shows how businesses make use of AI and also indicates the massive potential for future use as well. Gartner predicts that by 2022, businesses implementing AI would experience a $3.9 trillion raise in global business value, in terms of new streams of revenue, cost reductions and more fulfilling user experiences. PwC estimates that AI could add to the global economy $15.7 trillion by 2030!
Now you know what your area of focus needs to be. There is a lot of potential in AI, since it is going to influence various other industries and all aspects of consumer living.
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