Zachary Karabell recently wrote an article in the Wall Street Journal entitled, The Uberization of Money. In this article, he discusses how companies such as Uber and GetAround are changing the way we do business. These companies are taking advantage of idle assets such as houses, cars, time, money, etc. that individuals are willing to lend at a price.
GetAround, for example, is a business that allows you to borrow a vehicle from a regular individual for a fee. Uber is a service that allows regular individuals to get certified as individual contractors to perform driving services. It appears our business world is shifting away from big institutions and towards individuals.
I think one of the biggest emerging markets is that of peer-to-peer lending. Instead of taking weeks to analyze your financial history, earnings potential, and credit score, it will only take moments with the help of big data. Then individuals will be able to borrow money from banks, businesses, or even other individuals. This advantage of borrowing from ordinary individuals will take idol cash that people may not be using efficiently and put it to good use. We are surely part of a spot exchange world.