1. There are many potential opportunities for both economic trends and those relating to regulatory changes too. One opportunity relating to economic trends within businesses and media is the radius or demographics of how they're trying to expand to new customers within a certain area. This could be beneficial for businesses in congested areas to be able to maximize potential reach and also be able to analyze consumer interaction rates within the desired demographic. Another opportunity for companies would also be the idea of using big data, provided by other corporations based on consumer data, to determine the most effective form of marketing to the specific crowd. Trends changing in the media are making regulatory changes also more common. Most companies are turning their products into smart products for the purpose of being able to effortlessly control devices from all over a certain area. This is almost the same as having little robots or automated devices doing chores for you, like the little iRobot vacuum.
2. - Expanding demographics for marketing and data analysis. I discovered an article on US Economic Trends describing a few different trends that relay from company to company when marketing specific data. I believe this is best looked at by how companies begin their attempt at trying to gain a larger customer base by expanding their marketing demographics and ensuring themselves that their advertisements will be put in front of more faces. I believe this tsk is super easy and extremely effective for companies that are serious about upgrading their marketing to become a more efficient tool for advertising and gaining customer outreach.
- Using big data to target crowds. I found this in the same article as the one I had mentioned above. I believe that this is somewhat wrong due to the fact the companies are sort of spying on their potential customers in order to discover a way to advertise to them. I think for companies to do this, they should be at least marketing something the customer would benefit from or find convenient. I think this opportunity may be a little more difficult to achieve because you have to discover this information from a bigger organization who holds the informatino for the consumers your trying to get information on.
-Smart products. I discovered this opportunity a few years ago when my friend had first got his Smarthome system installed in his house. He is able to change the temperature to his A/C, turn the front porch lights on, and even turn on his shower all through an application on his phone. I believe the customer at opportunity for smart products are the people who want to be involved with the newest trends and the latest gadgets.
-AI and robotic devices. This opportunity idea came to me as soon as I discovered an advertisement for the iRobot vacuum cleaner. This little thing portrayed the idea that you will never have to sweep your floor again. This will clean up your floor, detects where it needs to go and what needs to be cleaned, and at the same time not run into anything! I believe this idea would come easy to those who have background in engineering and programming to be able to pull off the abilities that go into making a robot vacuum detect things that needed cleaning all while avoiding running into anything.
3. I believe when it comes to looking at each one of these opportunities and assuming that there is no one in the entire world who could have the same exact idea for an opportunity as you. One thing I learned is that everyone may not have the same opinion or thoughts towards something, which causes people to think differently. The idea of creating larger search demographics for world would have been thought of already if the first person had'nt thought of it. I believe this because the idea is too beneficial for companies large and small to not think of and realize how great of a tool it would be to their business. I imagine the idea behind using big data to target specific customers would have been thought of by another person also. I think this because a larger corporation with consumer information I feel knows the importance of knowing what the consumer is wanting in a product or service. Also tying in with the smart products and the AI and smart devices. I think knowing that the customer wants the easiest way to be able to monitor multiple things at the same time would be the idea that brings this service to life and into thousands of homes around the world.