People wonder why they should trust Paul Mampilly to tell them what is going to happen in the business world this year. After he came to the United States and earned his MBA from Fordham University, he spent 20 years as a money manager, senior portfolio manager and senior research analyst. He gained invaluable knowledge during this time, and he is fully prepared to offer it to regular people today.
The accessibility of Big Data will increase.
Paul Mampilly believes that Big Data will finally be accessible to more people in 2019. Tech companies had the ability to process greater amounts of data than they ever have before, and it has been great for their businesses. In fact, many companies are now selling consumer personal data to other companies for a big price. To this point, only the large corporations with huge budgets have been able to afford to do this.
This year, smaller companies will also have the ability to buy and sell consumer data. That’s because for the first time, the channels that make it possible to collect consumer data are affordable for smaller companies, so they can begin to integrate Big Data into their business plans. This will have a positive impact on the economy this year.
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Houses will begin to appreciate at a slower rate.
Houses appreciated at rates between 5 percent and 7 percent in the past 10 years, and this caused consumer confidence levels to rise because consumers’ nest eggs were growing. People could sell their houses just two years after they purchased them and earn a large profit.
This year, Paul Mampilly expects appreciation rates to hover around 1.5 percent, and he believes they will remain at that level for several years. He thinks that this new reality will affect abolutely everyone, including families and real estate companies. People will have to remain in their homes for longer than two years if they want to earn the same amount of money on their sales, and this will mean that people aren’t going to be spending as much as they have in past years.
Paul Mampilly says that we will have to wait to find out what will happen next, but he does know that the real estate market is going to slow down to a crawl this year.
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