6A - Identifying Opportunities in Economic and Regulatory Trends

1st Economic Trend

1. There seems to be more natural disasters occurring in the United States in the past couple years. The source of the information is LiveScience.com and also through personal experience.
2. It seems like due to climate change occurring, the winters have been colder, the summers have been hotter, and the storms have been a lot more intense. For example, in the last 2 years there have been multiple hurricanes that have struck Florida, 2 of which have reached a label of category 5.
3. I believe that if we find out what is everything that is causing climate change and work as a nation to help decrease the use of those factors, then we can in fact slow down the rate at which climate change is occurring.
4. This opportunity would be extremely difficult to exploit but with the right people in charge, it is possible.
5. I saw this opportunity through experience. The past couple years I have heard about climate change all over the news, even in class. In addition, I noticed that the winters have been colder, summers have been hotter, and there have been a lot more intense storms.

2nd Regulatory Trends

1. I found an opportunity with cybersecurity through Deloitte.com where they identified 2020 regulatory outlooks. 
2. I believe an opportunity exists in cyber security because as each month passes, people are becoming more and more reliant on technology for basically everything that we do. With most of our assets and private information being saved in the cloud, this creates more risk of our information being hacked or breached by hackers.
3. Cyber Security is something that many businesses are at risk with so this opportunity could be appealing to businesses and corporations.
4. This opportunity would not be hard to exploit.
5. The reason I saw this opportunity is because I see the world becoming a lot more tech based which means our security is something that is very important for all of us.

3rd Regulatory Trend

1. I found an opportunity with the regulating the water that people use for irrigation. State water management districts and local municipalities have enacted ordinances to regulate the usage of water for lawn and landscape irrigation purposed
2. Some municipalities have contracted with businesses to provide code enforcement for these irrigation conservation programs. However, many municipalities do not have current enforcement programs. I believe there is an opportunity to expand private enforcement contracting opportunities. The benefit to the municipalities would be enhanced water conservation, and revenue generation. 
3. The state and local government water departments.
4. This opportunity would be easy to implement.
5. My dad works with water 

4th Economic Trend

1. Artificial Intelligence is a huge rising economic trend. I found this trend through a famous entrepreneur that I follow named Elon Musk. In addition I read about some of the problems with Artificial Intelligence on Towardsdatascience.com
2. People don't fully understand how decisions are made with artificial intelligence which means it is hard for us to really trust the decision of AI. This means that there has to be an algorithms that better explains the decision process of AI.
3. This opportunity could apply to any company that is working to implement AI or who already has.
4. This opportunity would be hard to create but if it is developed, I am sure that there would not be a problem implementing it.
5. I saw this opportunity through Elon Musk when he discussed AI on the Joe Rogan podcast.