New Tech Business Ideas Trends

2016 is the year of entrepreneurship, especially for smaller, work-from-home business ideas! And thanks to dozens of fantastic technological innovations in recent years, many of the best new business opportunities are all in tech-related fields. It’s a fast-paced industry that’s changing almost any other field it touches: hotels have lost substantial market share to companies like Airbnb, and Uber has transformed urban transportation.

How can you ride the tech wave to even bigger and better opportunities? We’ve got several picks for new tech business ideas trends which you can capitalize on to begin living the dream of owning your own business.

Cloud Computing

Cloud computing is primarily the use of cloud software to write programs and software or to manage databases. And in most cases, a business in cloudcomputing will be contracted by large companies to handle projects. Cloud computing is usually safer for developers than traditional methods, because of server fail-safes and other issues.

For those wanting to start a business in cloud computing, the barriers to entry are quite low: in many cases all you need is comprehensive understanding of cloud computing languages and proof of either past work or capstone courses.

PCB Designer

PCB design jobs are increasing not just in frequency of posting… but pay. With Glassdoor rating salaries of PCB designers at $90 thousand a year on average, there’s  lot of wriggle room. Most PCB design business opportunities lay in designing printable PCB collateral for other companies on a project basis. And if you’re not that familiar with PCB design, it’s relatively easy to learn. And for more complex jobs, PCB software is increasingly more sophisticated, and can take much of the guesswork out of any design.

Personalized Medicine Data Scientist

Personalized medicine studies genetic differences between individuals and populations to make recommendations on which medications and treatments to use. Doing so greatly increased chance of efficacy while minimizing poor outcomes and side effects. It’s a relatively recent innovation in healthcare which began to be possible as people allowed themselves to be genotyped, and also allowed their medical records to be attached to data on their genomic records.

Having great database skills and statistical analysis skills would be crucial for making a data science position in this field. But the upsides (besides a great payday) are obvious: every day, your research would be helping people.

Robotics Engineer

Robotics and artificial intelligence are making great advances these days, and have gained widespread popularity. They’re also affecting almost every field. From robots which perform surgeries to A.I. which solves simple court cases, real-world applications are cropping up everywhere. And savvy business owners who leverage these talents can stand to make a significant amount of money.

And you don’t need to have the capital to begin traditional manufacturing of robots to get started. Programming in robotics is usually a great place to get started.

3D Printer

3D printing businesses today manufacture everything from dog toys to invisible braces. With 3D printing technology at your disposal, you can make virtually anything you can imagine quickly and easily. With many standard 3D printing business opportunities utilizing 3D technology to make simple items like jewelry, the world is your oyster with 3D printing: you’re only limited by your creativity. 3D printing business may become less ideal as they get cheaper and more affordable to laymen users, but those who capitalize now can be virtually assured of walking away making good money.

Bottom Line

If you’re a programmer, computer geek, engineer, or even just someone interested in tech, you can channel this skill into generating a profit with any of these great business ideas. From working with 3D printing to cloud computing development to working with personalized medicine, there are many fantastic opportunities out there. The only questions left are which opportunity to choose, and how to capitalize on it best!