Opportunities in Economic & Regulatory Trends


    Economic Opportunities

  1. Flying Is More Dangerous, But Not Boeing's Fault

    (a) Source: The Straits Times
    (b) Why this is an opportunity: With the amount of people traveling by plane every year, and the amount of criticism that Boeing alone received for the two 737 Max crashes, it's clear that airlines are trying to be "safe enough" to keep their prices low. This is the opportunity to improve airline security without excessively raising prices
    (c) Prototypical Costumer: Airlines would be the direct customers, since the new safety measures would be for them. But travelers and airline employees are indirect customers, since they get to be safer inside of an aircraft.
    (d) Ease of Exploitation: If done correctly, it may be relatively easy to exploit, since all airlines will want to keep their passengers safer to increase their reputation, and they would also make more money by attracting more travelers.

    Why I think an opportunity exists
    I think it's a necessity. Airlines want to keep their passengers, but what they are doing is keeping them because of their prices


  2. Banking Apps Are Just OK - And That's Not OK

    (a) Source: Forbes
    (b) Why this is an opportunity: Only 2 of the 8 major U.S. banks have respectable mobile apps. And even those that do have a lot of room for improvement.
    (c) Prototypical Customer: Again, banks would be direct customers, since they would be the ones getting the new features for their app. Bank customers would be indirect customers, since they would benefit from the new features in their respective bank's app.
    (d) Ease of Exploitation: May be hard to exploit. Mobile apps not only require work to get them working properly, but require constant maintenance to make sure they don't break. And they also have to be updated, which makes it a slight hassle for banks.

    Why I think an opportunity exists
    Most people, myself included, use mobile banking apps, they make things a lot easier. But there are things that I sometimes wish my bank added to their app, or made easier to access. And in recent years there's been a surge of computer programmers being hired by banks, namely J.P. Morgan-Chase.



    3. Regulatory Opportunities

  3. Canada Tightens Drone Regulations

    (a) Source: JDSupra
    (b) Why this is an opportunity: The Canadian government will need to keep track of all the fines and pilot profiles. This may be a chance to start a company to work with the government. Or, if these new regulations are not yet implemented in the U.S., they can be implemented.
    (c) Prototypical Customer: The Canadian government and drone companies and pilots
    (d) Ease of Exploitation: Relatively easy, since this is part of the Canadian law since June 1st of 2019

    Why I think an opportunity exists
    The drone industry is a growing. Businesses like Amazon, Walmart, Target, and other delivery companies a working on developing a drone delivery network. These regulations will certainly make things tougher to plan, but something can be arranged to manage things smoothly.


  4. Water Alerts Issued By Duval, St. John's Counties [Jacksonville]

    (a) Source: Florida-Times Union
    (b) Why this is an opportunity: Since water is wasted everyday, this is the perfect opportunity to make a platform to monitor water savings, and make it user viewable. To really entice customers, for every set amount of gallons of water you save, you get a certain percentage of your bill discounted.
    (c) Prototypical Customer: Everyone, or at least everyone in Duval and St. Johns counties, can benefit from this, and help save water.
    (d) Ease of Exploitation: Extremely easy. Anyone would try to use less water, if that means they get to save more money than they already would be.

    Why I think an opportunity exists
    Because there have been many campaigns urging people to save water and save the planet, yet most people end up defaulting back.


Comments

  1. Robert Rodriguez6/2/19, 1:18 PM

    Greetings,
    Speaking in regards to your second entry about banks and their mobile applications, do you feel like the opportunity here comes from a perspective of creating the apps or by selling the applications to the banks with a set framework? Developing individual applications for every bank would be difficult, perhaps a set “bank” app that would be customized to individuals’ banks would be better. This would be similar to canvas and its portal system to multiple schools.

    ReplyDelete

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