Hello everyone,
Today I will be writing
about some more opportunities that I see potential in. These
opportunities will deal with both economic and regulatory trends.
So for the first
opportunity it will be dealing with economic trends. This opportunity deals
with digital disruption. The source where I found this opportunity is available
at
https://www.weforum.org/agenda/2016/03/3-trends-transforming-the-energy-sector/.
In today's society, technology has definitely risen rapidly. The
introduction of smarter grids and interconnected assets is allowing for more
innovation and efficiency. Look at a smartphone nowadays. It has the ability to
talk, text, browse the internet, GPS, services that utilizes your credit cards
(Apple Pay), ebooks, music, and millions of other applications that span to a
wide array of possibilities. All these assets are being interconnected to a
device the size of your hand. I would say that there are two types of
prototypical customers. One is the developer and the other the consumer.
The developers and or distributors will seek higher demand of interconnected
assets and better grids that provide better efficiency and innovation. The
other side is the consumer who ill be more attracted to technology that will
provide better assets and services for their money. But, unfortunately this
unification of assets and grids will allow the rise of more cyber attacks.
Since technology is more connected, hackers or cyberterrorist will be ale to
exploit systems and get more data form these attacks. Also lack of experience
or being able to manage/handles such attacks can also be a vulnerability for
these technologies.
Another economic
opportunity deals with the transition toward or renewable energy and
diversified supplies. It has been apparent in recent times that there has been
more of a shift to renewable resources rater than the use of fossils fuels. The
source where I found this opportunity is available at https://www.weforum.org/agenda/2016/03/3-trends-transforming-the-energy-sector/.
From this article I got that in recent times renewable energy has gotten more
interest, this would explain "rapidly gaining market share", as the
article tells. Most of the developed world and many world leaders are realizing
the destructive consequences of solely depending on fossil fuel. Renewable
energy such as solar, turbine, water, electric, and many other are slowly
replacing the dependency on fossil fuels for energy. Well like I stated in the
previous article, I feel like the prototypical customers are both the
developer/distributors and the consumers. The developer/distributors will want
to create new technologies that involve renewable energy, while the consumers
will be mire inclined to use renewable resources as more will be readily
available and cheaper due to market interest and investment. This new shift to
renewable should will not be easily exploited, but new challenges will arise.
Issues dealing with the electric utility business and regulatory policies have
to ensure that we have a reliable supply of renewable energy. This shift to
renewable energy will not happen overnight, but rather a progressive shift.
The next two
opportunities will be about regulatory trends. So this opportunity is a very
important one as it will prevent future disasters. So most of us remember the
economic depression of 2007. This depression was caused by mainly the poor
framework of banks and the over inflation of prices on homes, making homeowner
ineligible to pay their rents. Since such high prices we set by the banks, and
many banks gave out loans to houses without foresight of a possible economic
crash, a domino effect happened and the United States faced a severe economic
crash. So I found my opportunity
at https://regpulseblog.com/2016/02/15/top-regulatory-trends-for-2016-in-banking/.
The reason why I believe there exist an opportunity to improve the banking
format, is because in the past we have seen the issues that unregulated banking
and and poor structure/risk-prevention can cause. Having more regulations and
better measure in the case if a crisis is important. Having independent risk
management and auditors. Also the integration of the private banking with the
government is crucial. Banks cant just have unregulated power to do as they
wish. In my opinion, the prototypical customer for this opportunity will be the
banking industry and anyone who relies on the big banks. These banking
officials will need to learn to better cooperate with the government and have
better risk prevention methods. The people who rely on the banks will also
benefit as these new regulations on banks will ensure to the the consumer that
such events like the 2007 depression will not occur. The opportunity will be
slightly difficult to implement. Big banks spend so much on lobbying and
influence in the government, that having regulations done on them will be
halted by those basically bought by these entities. Its sad that we live in a
society where the 1% try to silence the 99%. Money equals power and influence.
The last opportunity
that I will write about today deals with drones. In the past year or so, the
introduction of consumer drones has attracted many of people. These drones
(Unmanned Aircraft Systems) will some regulations on it by the Federal Aviation
Administration (FAA). I found this opportunity
at http://www.pcmag.com/article2/0,2817,2491507,00.asp. The article and my
thoughts as an aspiring engineer, have led me to know that drones have so much
potential. These unmanned drones will allow people to explore greater height
and capture many aspects that once were not viable. Although the FAA has
implemented some regulations on these drones, they are for the protection of
the general public. Like I won't be able to fly a drone near UF since it a
public place that might endanger people. But on the outskirts of Gainesville
with its beautiful natural setting I could explore and capture sights that
normally would not be possibly due to possible danger from animals or the
environment. The prototypical customer for drones is endless. It can be the
average consumer who uses the drones for entertainment purposes or the
defensive services who use drones for operations. The opportunity will be
tricky. As the rise of cyberterrorism, some problems may rise as more drones
will be easily manipulated. Aside from that and some regulations/ restrictions,
I feel like drones is an amazing opportunity and definitely a milestone in this
technological age we live in
So now for each opportunity I will describe will
I saw potential. The first opportunity deals with interconnected assets and
better grids. So the reason I saw potential is mainly to my field of interest.
I am majoring in Computer Science Engineering so things relating to technology
and smarter, more innovative, and more efficient systems will always be
something I aspire to make into reality. Maybe some didn’t realize this
potential as they are unaware of it implementation currently happening. Many people
now have smartphones, which I described as a clear example of an interconnected
assets.
For the second opportunity deals with the transition
to renewable resources. The reason why I saw an opportunity for this was
because I began to realize that science does not lie. Fossil fuels for one are
not renewable and are killing this planet through its over exploitation and emissions.
In recent times it seems as mostly everyone is in favor or renewable energy as
more solar panels, wind turbines, electric cars, hydroelectric dams, and things
of that nature are used more.
The third opportunity deals with regulatory change
for the banking industry. Well the reason why I saw an opportunity was because
as intelligent species, us humans must learn from our mistakes in order to
prevent future mistakes. Most people know that a disaster like the one that happened
in 2007 cannot happen again for the well being of both this country and its
inhabitants. People need to realize the primary reason was the banking industries
fault as they had no measures in case of disaster, and still to this day say
they were not at fault. The banking industry is privately owned thus; they are
less governed by the government. This free will cannot be allowed as event such
as the one in 2007 will happen again if measures aren’t appropriately taken.
The final opportunity deals with drones. I saw opportunity
in drones because these Unmanned Aircraft Systems allow man to travel to new height,
regions, and experience many new things otherwise not possible die to risk or
danger. But also drones are not just fro entertainment purposes as the armed
services has been using this technology for years now as a means of better war
tactics. Drones have so much potential and as an aspiring engineer I see this
product having a big impact on society.
