New to investment? Then you have come to the right place. Hacker Chick looks at the best industries to invest in, in 2017. These fields have exciting implications for the world, and could offer you more than mere financial success – such as fascinating insights into today’s most relevant and fast-developing industries.
Artificial intelligence is already becoming incorporated in countless industries, used for everything from customer service to self-driving cars to search engines. The scope of AI, and subsequent degree to which it is employed in various fields, is only going to increase in years to come. Whether you think AI will help humanity progress for the better, or believe AI marks the end of civilization as we know it – terminator 2 style – there doesn’t seem to be any stopping its development and appeal to businesses. The increasing extent to which AI is being used by companies makes the technology a very profitable field in which to invest today.
Notoriously difficult to get into, but with a surging profit potential for those with a good eye for art trends; the world of contemporary art continues to boom as galleries across the world sell conceptual and decorative pieces at shocking prices. Investors have always seen art as a strong investment. Business people, billionaires, millionaires and even mafia families use art as an investment.
Virtual Reality Gaming
Virtual reality is the breakthrough that audiences have been waiting for in gaming for a long time. Though the concept in itself is hardly new, 2016 was the first year to see the idea well executed, with comfortable, immersive and affordable VR consoles. This transformative shift from traditional gaming will attract new players and new developers, with more money pouring into the industry as a result. As virtual reality gaming is still a new industry, there are tons of opportunities to get involved with up-and-coming indie game studios, console design development and companies specialized in the promotion and sales of games.
If you have not heard of esports by now, then where have you been? It is already huge, yet continues to grow. The prize pools at the biggest esports tournaments are massive. The prize pool for the Dota 2 International 2017 will be the biggest in esports history, standing at currently over $20 million. The reason the prize pool is so large is because it is actually funded by players, thus the more popular esports become the more money goes into tournament prize pools. Medium sized banks and businesses have already begun investing in esports whilst the betting market on esports has been slow to catch up. If you are or want to become an expert on esports, then there is much profit to be made betting on esports matches and tournaments, if you know your stuff.
Never has traveling been so easy. Cheap and regular flights can be booked online in mere minutes, whilst advances within the transport industry has shortened commuting time and made the overall experience of going abroad undoubtedly much more comfortable and efficient. As countries begin to welcome more tourists from more parts of the world, the holiday accommodation industry is booming. Whether it is hotels, hostels, holiday apartments, home exchanges or other accommodation options such as those offered through Airbnb and Couchsurfing – the hospitality industry is flourishing. People love to travel; it is as simple as that.
3D printing presents many cost-efficient solutions that are attractive to businesses. Whilst the technology has come a long way in recent years, there is a lot of room for development which will make the technology even more useful for businesses in the next few decades. Greg Emerson explains; “It’s not often that a revolution comes along to change everything, but like the Internet changed the way we communicate and share information, 3D printing will fundamentally change the way we make things.”
Everything from mail delivery to farming is, and will continue to become, more efficient with the use of drones. Just like with 3D printing, the drone industry is still relatively new and therefore presents difficulties for investors when deciding upon the best technologies in which to invest. It is important, before buying stocks, to research the major players within the drone industry and consider how well you think they will be able to stay on top of the rapidly changing drone technology. In the next few years it is expected that we will see drone cameras flying around sports stadiums, and according to Amazon, delivery drones.
Wine & Beer
Whatever the state of the economy, the wine industry never seems to get hit too hard. Unsurprising, perhaps, considering wine has played an important cultural role in societies for centuries, and is a passion for millions of people. The wine business is expected to grow even more profitable by next year, but it isn’t the only alcoholic beverage attracting investors. Canada, especially, has a growing wine industry where already lots of big companies are swallowing up smaller ones in order to take control of the market. The popularity of craft ale has swept across Western cities of late, associated somewhat with a younger demographic interested in experimental and alternative brews as opposed to big brands like Heineken and Carlsberg. If the idea of investing in a local brewery has ever appealed to you, now is a good time to act.
But don’t forget to ensure that you research your potential business ventures thoroughly before you throw down your money. The best investors in the world will always research before parting with their cash. Also, only invest money that you can afford to lose, even a 99% sure bet will lose once every 100 times so do not put all your eggs into one basket.