In many ways I work as a middleman so I’m hesitant to even think about this, but here is a list of 10 industries that utilize middleman that could be removed resulting in better pricing.
10 things that do not require the human element:
(Disclaimer: just because they do not require the human element, does not mean there is value provided by the said human element)
(Double Disclaimer: I do not wish automation across the board, just interesting to think about)
- The mortgage industry. The lenders could eliminate brokers and go directly to consumers. Downside is paying the salary of the employee. Upside maybe better pricing due to scale?
- Insurance. Insurance can be done entirely online. Quote online. Bind online. Pay and print. I don’t see why agents are necessary. (Would require deep explanation of coverage options online in understandable manner)
- Personal trainers. Virtual personal trainers. Explain form for exercises and prescribe regiments ( I understand its limited, but virtual trainers… could be a VR thing)
- Real Estate. So I do not believe in eliminating realtors, It’s simply not a good idea, but the overall market is saturated and there are components that can AI would be superior.
- Cell phone sales. A bin can be used for repair drop offs and sales can be done completely online.
- Car salesmen. Most of the time, the consumer knows what they want to buy. The do not need the assistance of a salesman, usually.
- Clothing stores. Shopping online is just way way more convenient. They never run out of your size or color, and you can shop while sitting on your couch.
- Â Scheduling movies. Waiting in line for movie tickets is not necessary, apps like Fandago make them completely irrelevant.
- Scheduling doctor’s appointments. An online portal is all you need. Find the time you wish to schedule and confirm.
- Bank tellers. Almost everything you need to do at the bank you can do with an ATM. You can open up a new account online as well.
