Industries that may change in 2018

Businesses and whole industries often collapse because to them there is no need or they are exposed to strong public criticism. And sometimes big companies simply fall apart.

Industries that may change in 2018

The industries that we will provide below, the changes are brewing. Why? In them, several innovative and well-funded start-ups have already attracted the attention of, and actively engaged in the development of products and services designed to change the status quo.

Here are five industries - and stirred up their startups - which can change its appearance in 2018.

Insurance

Almost everyone needs insurance, but few people happy about this: the health insurance industry is constantly on the border of the lower limit of the American customer satisfaction index, and the insurance companies do not really inspire their customers. This is partly due to the difficult-to-understand policies and low levels of trust on the part of people

New startups are trying to solve this problem. Oscar, offering medical insurance policies has developed a user-friendly mobile application system and collected about 727 million dollars in 2013, but then the company could not obtain the necessary income for the health system reform. Startup Lemonade, designed to property insurance, tried to create a high level of credibility, using transparent and user-friendly for the customer's business model. A startup aimed at tenants who make up 60% of the uninsured in the United States, and the potential market - about 65 million people. Insurance business difficult to manage and requires a high initial capital, but it can be very cost effective.

Weddings

According to research firm IBIS World, in 2017 the total income of weddings industry amounted to about 76 million dollars, while in 2016 - $ 72 million, but there is one interesting trend -. People spend less money on the organizers of weddings, than five years ago, and tend to their own choose for himself the waiters, DJs, photographers and other staff.

Think about how much time it takes to process, and contrast with the fact that an increasing number of tech-savvy young people are willing to get married - and that you already have a platform that is ripe for new offers and services. Already there are proposals that combine the tools for planning the various aspects of the wedding ceremony: Knot app lets you choose from 300 000 service providers to order and evaluate their work. Another application, Joy, allows you to manage the guest list and send out invitations to the wedding. Only in America is celebrated over two million weddings a year, so there is still a place for start-ups, which may see the light in the XXI century.

Education

Technical equipment of the educational institutions is growing - and with it the opportunity to grow and create new tools for teachers and educators. It is not surprising that last year the financing of start-ups in this area was about three billion dollars, according to CB Insights. Startups are already helping the learning process: Scoology - a platform for teachers, parents and students, which allows you to communicate and keep track of each other's work; Newsela thanks to artificial intelligence converts news articles in accordance with the age of the students to better understand, and since the establishment is already being used in three-quarters of US schools in 2012; Examity - a startup that helps manage online tests and exams to prevent unfair delivery, works with more than a hundred universities.

Health

Doctors tend to get on well with the diagnosis of diseases. But artificial intelligence will soon be able to do it even better. video analysis software developed at Stanford last year, more than 90 percent accuracy distinguish cancerous moles, leaving behind their human counterparts dermatologists.

Frenome, a program for a liquid biopsy, which is preparing to undergo clinical trials can detect cancer in the body, its type and location, using only blood samples. Amazon and Johnson & Johnson, together with biotechnology giant Illumina working on its own program Grail, is intended for the early diagnosis of cancer, and there already invested about 900 million dollars. Startup Arterys, which uses machine learning to study the results of the MRI scan and detect abnormalities in the human body, recently became the first program of its kind, using cloud technology. Of course, doctors do not lose their jobs in the near future - many of these products are positioned as assistants in the work of the doctors, and not as their replacement.

The law

Obtaining legal advice - it is not cheap, but it is due to AIs may soon change. Employment lawyers will be more effective, as artificial intelligence becomes able to understand and handle complex legal language. Company Casetext, founded in 2013 and received in the last year a profit of $ 12 million, has developed a program, which can in a matter of seconds to read summary of the case and provide relevant precedents and cases from the past. Other companies, such as LawGeex, develop a platform that can verify the contracts for the missing information, errors, and other potential problem. Do not be surprised if soon you will be able to ask for a chat bot for comprehensive legal advice.