Sorry to start this with bad news but everybody should know that money in liquid form is losing its value. This news may seem as a given to a lot of people, but the truth is, money is losing its value faster than a lot of people can imagine. This is happening due to the exceptional rise in inflation. To protect your money from inflation is to invest it in order earn a positive real interest rate. Here is a list of the most promising industries to invest in:
Cloud Computing
In the last few years, a lot of companies all over the world have been migrating their operation to the cloud. It is expected that spending on cloud computing will increase to $ 1 trillion by the end of the decade.
Biotech
The biotech sector is offering an exciting opportunity to investors. A lot of companies in this sector show great potential for growth. This industry includes companies that develop medications and diagnostic technologies to help in the treatment of different medical conditions.
Artificial Intelligence (AI)
AI uses machine learning to learn how to perform tasks that normally require human input. Many companies benefit from AI by 2 ways. The first one is to use it to make its operations and procedures more efficient. The other way is to sell hardware, software or services to other companies that need this kind of technology.
Data Analytics
Data analytics is the science of analyzing raw data to understand and make conclusions about that information. Many of the techniques and processes of data analytics have been automated into mechanical processes and algorithms that work on raw data to make this data useful to the end-user. The market of data analytics is growing rapidly around the globe because of the inevitable need of it in almost every field. According to Technavio, the data analytics market potential growth difference will be USD 196.47 billion from 2021 to 2026,
In the end, investing in a high growth rate industry seems like the reasonable option to protect your savings from inflation and the continuous de-valuation of the Egyptian pound.
