Benjamin Alderson is a Senior Area Manager for deVere Group, the world’s largest independent financial consultancy group. Through his work, Benjamin Alderson provides key investment advice to international clients and keeps up with emerging trends in the industry.
The analytics sector, specifically big data, is poised to make a significant impact on the financial industry in 2017. With growing technology budgets, financial companies are allocating more resources toward their IT departments, which will allow them to develop more robust artificial intelligence and other analytical technologies. Experts predict that these pushes toward technology spending will lead to increased profit margins, and consequently higher performing financial stocks.
With interest rates beginning to rise for the first time in years, the way that companies borrow money will likely shift beginning in 2017. As a result, the types of investment opportunities will inherently change.
Experts are still looking upon US equities favorably, however. Most predict that earnings will see an uptick of around 8 percent in the next year, while the global GDP is expected to increase by as much as 3.5 percent.