This post will present you with 3 instances of technology playing a basic part in letting markets to evolve and grow, assisting people all over the world develop their quality of life.
Shopping is as prominent as ever, but one among the biggest differences that the retail sector has observed in the last decade is the shift of a considerable portion of its activities towards online platforms instead of actual physical shops. Online shopping is likely to be among the top industries for the next 20 years, as it embodies a lot of the practical elements of living in the internet era, including fast delivery times, a bigger variety of options when it comes to sizing and products, and manageable returns policies, which means that men and women can try on clothing in the convenience of their own house, and shop at any time of day or night. The biggest investor of Yoox is an instance of the tremendous capacity that this development has, and while some men and women would still prefer the experience of shopping in person, this format is obviously more accessible for many people.
While you may believe that the gastronomic industry is one of the least innovative industries in terms of brand new technology involved, that is actually a misunderstanding; the food sector is really a great deal more extensive than only the cooking processes, and there has been an extraordinary degree of breakthrough throughout the years in terms of the ingredients themselves and their constitution. A wonderful example to know this is the notion of plant-based meat products: driven by the recent patterns of sustainability, vegetarianism and veganism, the increased demand for products that don't require any animal resources has increased tremendously in the last couple of years, and figures like the corporate shareholders in Beyond Meat have been supporting the research required to create such ingredients. Food trend fashions such as plant-based burgers can actually be seen as extremely innovative industrial products that are the symbol of innovation responding to a global call for sustainability and awareness.
Whilst the idea of banking and handling money has been around for quite a couple of generations, the latest inclusion into the online planet has provided a degree of innovation that has truly revolutionised the business. As provider such as digital banking go from being groundbreaking unique selling points to a function that is expected by most clients, many financial establishments have adjusted to this demand, as recognised by figures in the industry like the activist shareholder of Bank of East Asia. Presently, most banks enable their users to check and operate their accounts from the cosiness of their house, through a mobile app, as digital security measures have turn out to be enhanced enough for this sort of rural usage. With very recent advancements in fintech in terms of open banking, and brand new concepts such as blockchain, there is an extraordinary potential for banking to be perhaps one of the most innovative industries 2019 and the upcoming years will witness.