What are from your point of view some industries that are completely outdated? I mean with this industries that have a huge potential for entrepreneurs to build startups that could disrupt such industries. If you happen to be in the venture space investing, what are some interesting problems you wish startups were solving at this point in time that you don't see often?
The petroleum industry may soon be outdated with introduction of alternative energy sources and concerns of global warming. Many think there is a huge potential for startups into fuel cells, solar and clean renewable energy or alternative solutions like bio diesel engines and electric vehicles.
On venture space investing, like Elon Musk finds inspiration from reading books in science fiction. We need to be working closely with scientists & mathematicians, creating hypothesis on their predictions as we do with our customers data. They have their goals and we need to realign ours.
As always, it depends. If you are talking about software related ideas, then almost every industry, except Hi-Tech, is ready for disruption (Hi-Tech is too congested). For example, agriculture is a prime industry that has stayed behind yet everyone keeps focusing on activities/products that are working well (e.g. developing drones for crop dusting). Even the aeronautics, marine and petroleum industries can be disrupted one way or the other (although these are extremely tough industries to get into as a start-up). Also consider NGOs, there hasn't been a lot of movement there from current companies so you may have less competition. Maybe you can help them track their activities better, reach a wider audience, keep their people safe etc.
Just pick a few industries, list them by your level of interest and go see how they operate (talk to people and ask questions, many questions, even for minute things). Then think up ways that can reduce costs, increase production, ease maintenance, sell abroad, ship faster etc. There's bound to be at least one thing that a software will be able to improve.
Every industry can be disrupted, true disruption comes from a new way to solve a problem that has yet to be addressed. The best solutions come from understanding an industry first, then applying a real solution for a real problem. If it's a great solution people will want it and success will follow
Depends with your location,I'm in Kenya,a country growing steadily,adapting to change takes a lot of time. Old ways and businesses still rule,start ups are welcomed by informed people in main towns only.
Venue hire! Ever tried to find a venue for a kids party, a wedding, or social gathering or otherwise?
It's so difficult to find information on local venues. I need to know if they have a kitchen, any restrictions, how many people they can accommodate sitting/standing, and any rules they may have. Once I filter that down, I need to go view these multiple venues, and go through the trauma of finding out what the real cost is. And of course, it's difficult to find reviews!
I wish there was a way of doing all this online. I enter my search parameters, and bam - it shows me a list of places that suit my needs. I can then see photos, some videos of the venue, typical costs, and past reviews. Furthermore, with online diary management, I can book my own viewing with their office, to suit my schedule and make it easy for the venue too. Heck, even pay a deposit to secure the date and time!
Yep, a little like AirBnB for commercial venues, but I have no idea why it doesn't already exist. A major pain point for me!
Someone needs to solve the problem of user IDs and passwords once and for all. We need one unified password that is good for accessing the entirety of our digital content/data. The password is assigned to you at birth, like a SSN#. You access everything from your email to your bank account to your gym membership. If you can make it work, this is a multi-billion dollar idea. So many systems could be revamped and updated.
Another problem is traffic. Commutes have become soul-sucking, mind-numbing, fuel-wasting affairs. The way we drive from place to place in the morning needs to be fixed.... starting with cars. Individual cars are horribly inefficient.
The food we eat: I don't know if this would count as an innovation per se, but we need to get rid of genetically modified food, disgusting fake synthetic food, and all the health problems it causes.
Work/Public Education in general: someone needs to make an online system that can deliver school/work content from home. My whole theory is that if you can stay as close to your homestead as possible these days, you are better off. Every company that can do away with in-office jobs should do it and allow their workforce to be "free range". This reduces stress, reduces expenditures, and makes everyone's life easier. Why it has not been implemented on a wide scale and we are almost in 2018 is completely beyond me.
In my country, it's food production and human development training..... Direct focus educational engagement....
What about the funeral industry? When we can buy a coffin online and have it ship to storage?
Forget disruption- go where you have less competition- such farming/ agricultural equipment and plastic industry- IMHO Maxine Pierson CEO MJ BIOTECH, INC
Jackson Paper Mill in Seville, Tn has to be 100 years old and still running!