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Promising Industries: Where Will Growth Lie?

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What industries are looking promising in the next 2 years

We all look to the future, it’s something inherent in humanity as a species, and the future of technology is looking good. With technology rapidly changing and evolving, consumers, businesses, innovators, entrepreneurs and captains of industry are all reading off the same page – new inventions are on the horizon, some have already taken hold, and all this means that the way we work and play is sure to improve. In today’s online climate and it’s fast-paced rate of change, many of us can do more with less money. The internet offers a wealth of possibilities that our parents never had. A lot of analogue processes have given way to digital ones, creating new possibilities, new industries, and improving on ones already in existence. We’re living in a time when investment opportunities are more rife than ever, and they’re ripe too. With all this mind, let us now not just look at industries with promise in the next 2 years, but also ones with great potential in the decade to come.

Virtual Reality

Virtual reality has been canon for a while now, stretching all the way back to the early 1990s, but it’s only really started to show actual potential in the last few years, specifically within the gaming industry. However, it’s also started to showcase its capacity as a tool for learning and training. Already VR is being used to train up medical professionals, providing them with simulated hands-on experience in medical settings. VR is also allowing those in the medical fraternity to experiment with new forms of surgery or to examine specific tissues with the aim of improved treatment. Outside of the medical field, virtual reality is allowing us to interact with peers in a virtual office while also reliving experiences we’ve enjoyed in the past. Health, learning and fun – the future of VR is exciting.

Drone Technology

Drone technology is truly spreading throughout society and its utility means lower costs to accomplish tasks that in the past would have been prohibitively expensive and relegated to certain groups and practices only. Learning programming languages applicable to drone technology is already being encouraged in schools. Outside of shipping and film making, these unmanned aerial vehicles will soon become integral to key industries such as transportation, agriculture, construction and telecommunications – thus encouraging trends in specific share markets.

Drone technology is already seeing great success in mapping, quantity surveying, photography and crop monitoring, and their adoption comes down to ease of access as well as operational costs. As drone technology becomes more prevalent, specialisation, mechanics, fleet management and a slew of other operating processes will support the industry.

Healthcare Industry

Earlier it was mentioned how virtual reality is changing the face of the medical fraternity. However, it’s not the only bit of technology affecting healthcare. Artificial intelligence is also having a major impact. In the past medical information had all sorts of gatekeepers, but that all seems to be changing as AI is becoming more proficient in its ability to diagnose and treat medical conditions. Those facing retirement or entering into their twilight years can now expect more convenient and prompt care thanks to improved systems reared by AI and that’s not all. Within the next decade health trackers will do much more than just count your steps and monitor your heart rate. Sensors will be able to track glucose levels and even look out for warning signs of cancer, thus freeing doctors up from diagnosing and allowing them to focus on the most effective methods for treatment.

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Emma Drew

Emma has spent over 15 years sharing her expertise in making and saving money, inspiring thousands to take control of their finances. After paying off £15,000 in credit card debt, she turned her side hustles into a full-time career in 2015. Her award-winning blog, recognized as the UK's best money-making blog for three years, has made her a trusted voice, with features on BBC TV, BBC radio, and more.

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