While the trends of startups can never die, the startup trends keep changing. Planning the future based on certain facts usually gives you an upper hand over your competitors as you end up capitalizing on the first mover’s advantage. But the new trends are risky, demanding and much more unusual than what he have seen before. Here are some future predictions for 2018 if you want to get onto the startup bandwagon-
New tools for healthcare– There remains a massive opportunity for startups to disrupt healthcare. Majority of deals in 2017 were in the healthcare technology space. And while healthtech was traditionally hard to scale, as it had long gestation cycles and significant go-to-market (GTM) challenges, AI and big data are easing the process as the industry begins a more rapid digitization.
Resources for freelancers– Increasingly, startup founders and small business owners are turning to freelancers and contract hires. Companies are already connecting contract workers to companies searching for talent, but other startups are addressing additional needs. Becoming a freelancer or training freelancers or a middle man to help the startups get their kind of people on board, is the uprising multidimensional category of human resource development.
A return to consumers– While consumer tech did not experience the same investment activity in 2017 as it did in 2014-2015, it is expected to bounce back in 2018. Many also expect enterprises to acquire digital-first, business-to-consumer brands.
Disruptive innovation will prevail– The existing disruptive businesses like Uber, Airbnb, and Oyo have led to the formation of an on-demand economy which resulted in the stubbornness of the customers who now want Uber and Airbnb for other industries as well (most of which are not capitalized upon yet). The customer wants everything on his mobile which has opened the gates to many new markets for the technology-based disruptors to capitalize on in the coming years.
Blockchain moves beyond cryptocurrency– While bitcoin is tied to blockchain, blockchain technology is much more than simply a means with which to gain cryptocurrency. Blockchain-backed startups are finding niche ways to influence many industries, including gaming, finance, data storage, and more.
Rise of artificial intelligence– Thomas Reuters predict AI to be present everywhere from your personal assistant to even courts, newsrooms, and cars in 2018. According to a study by PwC, artificial intelligence could contribute up to $15.7 trillion to the global economy in 2030 and will not be limited to Apple’s Siri and Amazon’s Alexa (which are in their nascent stage as well).
What’s your takeaway from the startup trends of 2018?