6A – Identifying Opportunities in Economic & Regulatory Trends

Hannah Moss
ENT3003

1. Economic Opportunity: 'If you get to 700, 750, we'll cut your mortgage costs a little bit': JPMorgan is working on ways to reward you for improving your credit score, and it may be the future of consumer finance

A) Where opportunity was found:

https://www.businessinsider.com/jpmorgan-introducing-gamification-for-credit-scores-2018-9

B) Why I believe this opportunity exists: JPMorgan Chase is planning on rewarding people for having good credit scores.  According to JPMorgan Chase the firm wants to provide incentives for people with good credit such as reducing loan costs if people lift their scores to a specific threshold. 

C) Most likely Customer of this Opportunity: A person who would benefit from this is simply a person who meets the credit score threshold amount. 

D) This may sound like a simple thing for JPMorgan Chase to accomplish, however it could be difficult for them to decide on exactly what the incentives will be.

E) I chose to write about this opportunity because I think this will motive a lot of people to be aware of their credit scores and work hard on improving them.

2. Economic Opportunity: Electricity and natural gas prices are falling

A) Where this Opportunity was found: 

https://www.washingtonpost.com/news/wonk/wp/2012/11/21/five-economic-trends-to-be-thankful-for/?noredirect=on&utm_term=.1299a98cddb2

B) Why I believe the opportunity exists: Almost everyone uses gas in their cars, so lowered prices can be extremely beneficial.

C) Most likely the customer: Anyone who has a car but specifically for lower-middle income families.

D) Difficulty Exploiting: Easy to exploit.

E) Why I chose this Opportunity: I think this a very obvious opportunity for lower income families to save their money and benefit from these lowered gas prices. 

3. Regulatory Changes Opportunity: AI may not be bad news for workers

 A) Where this opportunity was found:

https://www.economist.com/business/2018/09/15/ai-may-not-be-bad-news-for-workers

B) Why I believe the opportunity exists: For years now people have worried that smart computer programs and robots will take away millions of jobs for people. However, it has been found that Artificial Intelligence has actually had a very positive response among workers. Artificial Intelligence eliminates tedious tasks and allows workers to spend time being creative.

C) Most likely the customer: People in the workforce, especially those who work on computers.

D) Difficulty exploiting: I do not think this is going to be something difficult to exploit. It is something that will occur naturally among workers as mundane jobs disappear and they can begin to have more time being focused on the important parts of their job.

E) Why did/ see opportunity) As someone who will be joining the workforce in the near future, I thought this article was very interesting. I think not having to spend time doing a mindless job that a computer can do will allow time for bigger and better accomplishments.

4. Regulatory Changes Opportunity: 5 Big Regulatory Changes That Could Affect Your Business. Specifically The  Affordable Care Act

A)Where the Opportunity was found: https://www.businessnewsdaily.com/7671-regulatory-issues-changes.html

B) Why I believe the opportunity exists: Changes in the Affordable Care Act have been worrying so many people within our country because health reforms have failed so many times before, so changing the Act will be beneficial. 

C) Most likely the customer: All Americans

D) Difficulty Exploiting:  Easy to Exploit

E)These changes will be beneficial to all Americans