Many industries are on the verge of decline and slow growth due to severe economic crises caused by the Covid-19 pandemic. According to Dr. Anosh Ahmed, the world goes through depressions and recessions from time to time and impacts different industries positively and negatively.
However, some industries have seen tremendous growth during the Covid-19 pandemic with consistent revenue growth. These industries do better regardless of the economic crises caused by the pandemic.
The reason is continuous technological advancements. Today’s article will discuss the emerging industries for growth based on Dr. Anosh Ahmed’s research and experience. Read on!
In recent years, three-dimensional bioprinting, biosensing devices, and genetic editing have advanced, cutting-edge developments in the biotech industry. Biotechnology companies make substantial efforts to create revolutionary products, such as building human body organs out of living cells, advanced gene therapy, or tracking biosignatures like blood sugar levels or blood pressure levels.
So, companies look for skilled and experienced biotechnologists to create innovative products and pay them handsome salaries. As businesses continue to develop cutting-edge products and advanced treatments for illnesses, money will pour into the biotech industry, ensuring its fast and reliable growth.
The emergence of the biotech industry has revolutionized the healthcare sector and led to a better quality of life and extended lifespans for countless patients. According to Dr. Anosh Ahmed, the industry has increased revenues and profits. It attracts investors interested in the stocks that represent businesses developing new research products, medicines, and treatment devices.
Food and Beverage
According to Dr. Anosh Ahmed, eCommerce platforms, takeaway services, and on-demand delivery services are rising due to the Covid-19 pandemic. At the same time, people worldwide prefer plant-based foods, making them the driving force behind food and beverage industry growth.
When you align these services with consumers’ demands for variety, convenience, and affordability, the food and beverage industry is full of opportunities for investors and businesses.
The Covid-19 pandemic has played a role in industry growth because social distancing and stay-at-home orders have changed how people buy essential items. Thus, this creates opportunities for businesses to build products and services that cater to the new normal.
Undoubtedly, artificial intelligence and machine learning are the future of all industries. Dr. Anosh Ahmed says AI applications are game-changing and streamline business processes.
For instance, from virtual assistants to live chat support, “Smart technologies like Alexa have revolutionized companies’ marketing and sales departments. According to Dr. Anosh Ahmed, AI industry growth won’t slow down, and investors will place more bets on startup companies. As a result, the industry will see an influx of businesses in the near future.
Automation and robotics technologies move all business sectors toward optimization, accuracy, and efficiency. These technologies are valuable for different industries, including agriculture, healthcare, food and beverage, and transportation.
For instance, autonomous lawnmowers and robotic devices that move and store products around the warehouse are typical examples of growth in this industry. The robotic industry will see significant growth in the near future.
Data Science and Analytics
Data science/analytics is one of the fastest-growing industries worldwide. The demand for data science and analytics grows because companies need to analyze massive volumes of data and generate valuable insights to optimize their business.
Research shows that companies searching for data scientists occupied the third position on LinkedIn in 2020. The industry experiences more than 37% of growth every year. Data scientists also play a crucial role in securing large volumes of data, organizing it efficiently, and preventing data breaches.
The Covid-19 pandemic has caused people to work from home. At the same time, children take classes via online portals and platforms. Therefore, schools, colleges, universities, and businesses look for digital platforms to streamline operations.
According to Dr. Anosh Ahmed, eLearning is the future of education worldwide because it offers engaging, interactive, entertaining, and immersive learning. For example, touch screen tablets will soon replace paper books. The eLearning industry has seen a tremendous growth of over 900% over the last two decades.
The Covid-19 pandemic, economic crises, and global supply chain disruptions have caused many industries to experience slow growth. However, the ones given above have seen tremendous growth and will continue to grow in the coming years.