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FuturistU > Innovation & Change > Opportunity Hunting > Module 3 / 4

The 4 Levels of Opportunity Hunting

Instructor: Jeremy Gutsche
Whether you’re an entrepreneur, artist, beureaucrat, or marketer, your goal probably involves creating something that “connects” with other human beings. However, your creativity and effectiveness are likely hindered by organizational structure, uncertainty, and unexploited opportunity.

To break free of these constraints, you need a trend-spotting toolkit. This module provides that toolkit; a sort of "plan of attack" that will help you filter through the noise and increase your likelihood of “connecting” new products and services with your customers.
Workshop Questions:
1. Looking back, what was one opportunity in your company's grasp that you wish you had taken advantage of?
2. Contrarily, what is one opportunity you feel you took full advantage of, and how could you replicate that opportunity-spotting process?
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Insights by Trend Hunter AI

Medical Electrolyte
Electrolyte-based supplements and drinks come with additional medical benefits
Trend - As the demand for "clean" ingredients enters even OTC medicines, health and wellness brands are positioning new electrolyte-based products as medicine for mild ailments. These products are purported to treat everything from headaches and nausea to sleep regulation.
Workshop Question - How could your brand better prioritize "natural" sourcing and positioning?
5.7
Score
Popularity
Activity
Freshness
Patterns
Megatrends
AI Novice
Artificial intelligence becomes more prevalent alongside services teaching the basics
Trend - As AI becomes more prevalent due to well-known apps such as ChatGPT, consumers feel a growing push to both understand and utilize the technology more confidently. New technologies can be intimidating, especially when the technology is one with such magnitude as artificial intelligence. These services aim to lower the barrier to entry.
Workshop Question - How can your brand develop services that demystify artificial intelligence and help consumers feel more confident in utilizing the technology?
5.5
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Employee Toolkits
Employee upskilling toolkits address evolving workplace expectations
Trend - Employees now expect flexibility, inclusion and higher standards of ethics from their employers. In response to these evolving expectations, businesses are investing in less formal educational toolkits for employees that promote workplace wellbeing, transparency and sustainable practices.
Workshop Question - How can your brand offer employee resources that better reflect their areas of interest or need?
4.3
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Consumer Marketplace
Brands are launching first-party storefronts to connect consumers to others
Trend - Brands across multiple industries are launching consumer-to-business-to-consumer (C2B2C) storefronts. C2B2C offers consumers discounts on products and enables consumers to sell unwanted products while the business handles transactions and verifies the quality of listed items.
Workshop Question - How might your brand benefit from connecting its consumers via an online marketplace or forum?
6.6
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Senior Retail
Retailers are making shopping more convenient for elderly demographics
Trend - As accessibility becomes a priority for more brands, some are offering initiatives that assist elderly shoppers in-store. In-store assistance, accessible environments and senior-specific shopping zones are all prioritizing convenience for elderly consumers.
Workshop Question - How could your brand better adapt to the needs of consumers who require accessible solutions?
5.9
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Everyday Web3
Web3 is integrated into everyday routines
Trend - Though the introduction to Web3 has had a shaky start, it's adoption in everyday routines and business practices is showcasing the real impact of the decentralized web. Customer service, online shopping, and even health care are enhanced by Web3 services when they're seamlessly integrated.
Workshop Question - How could your brand make new tech more digestible for its customers?
7.7
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Circular Pivot
Longstanding brands turn to refillable products to appeal to the modern consumer
Trend - Established brands in cosmetics and F&B are using the demand for sustainability as an opportunity for customer retention. Evolving into circular busines models with reusable packaging and refills offer lower costs and promise a sustainable purchase, while increasing the chance of repurchase.
Workshop Question - How could your brand better evolve with the needs of the modern consumer?
7.3
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Accessible E-Commerce
Brands make online shopping easier for elderly demographics
Trend - For senior demographics, modern technology can be more challenging to navigate. To change this, some online retailers are prioritizing senior demographics--both in the products they offer and in how their platforms are designed.
Workshop Question - How could your brand prioritize accessibility in its product design?
5.8
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Mindful Entrepreneurship
Brands release programs that help users learn about and build businesses
Trend - Between competitive markets and economic instability, entrepreneurship has become more challenging for the average consumer to take on. Programs that help users learn about and navigate the process of building a business (or aspects of it) are becoming popular among aspiring entrepreneurs.
Workshop Question - How could your brand better support employees or customers in their personal pursuits?
3.4
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Accessible Optometry
Some businesses are prioritizing affordable eye care and prescriptions
Trend - With eye care being expensive even in countries that offer some form of health coverage, some brands are aiming to make optometrist appointments, glasses, and contact lenses more affordable for customers.
Workshop Question - How could your brand better prioritize accessibility?
3.9
Score
Popularity
Activity
Freshness
Patterns
Megatrends