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Economic Outlook 2014: Promising Growth for Social Media and High Tech

Posted by boston.com  March 14, 2014 10:00 AM

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The following was submitted by the NSTC:

Robert A. Gough, Jr., Ph.D. economist, educator, on-air personality and President and CEO of G-enovation, Lexington, MA says while economic growth will be volatile during 2014, social media is poised to present a wide range of growth opportunities to an expanding spectrum of businesses. Come hear all of Bob’s 2014 economic prognostications at the North Shore Technology Council March breakfast event, Wednesday, March 26, 2014, 7:00 - 9:00 AM (7:00 AM networking and continental breakfast; 7:45 AM program begins). Danversport Yacht Club, 161 Elliott Street, Danvers, MA. Register for this event at www.nstc.org. The registration fee is $25 for NSTC members and $50 for non-members.  E-mail events@nstc.org for more information. Sponsored by Good Leads.
 

TOPIC DETAILS:

Gough says, “The last five years have retaught us an important and oft forgotten lesson about free enterprise: technology, market dynamics, and innovative opportunities march forward regardless of the ineptitudes of government.  2014 will be a year of extremes and interesting opportunities: shackled policy options for Washington, no new solutions as a result, and more volatility; but exciting new business paradigms, promising growth niches, and opportunistic market and investment options, particularly for high tech.
 
“One space rich with opportunities is the rapidly growing communications platform on which most industries and almost all demographic groups now participate: social media. At the epicenter of this vast expanse of life in virtual space are the Millennials – 80 million tech-savvy, hyper-connected social media addicts between the ages of 18 and 33 with $600 billion in retail spending power this past year. They alone are reinventing retail. Closely following are the near 80 million Baby Boomers who now comprise the fastest growing user segment of the social media world. Combined, these two groups pose a gamut of exciting possibilities so grand that new product advances that will impact almost all aspects of life from technology and entertainment to nursing home life and service are limited only by the imagination.”
 
OUR SPEAKER:
Robert A. Gough, Jr., Ph.D. is President and CEO of G-enovation, of Lexington, MA, a predictive analytics company that provides clients with strategic consulting and simulation applications. Prior to this he was Managing Director of Lexington Partners, an investment-banking firm, where he helped to establish or expand several companies in the biotech, communications, software, internet, and investment spaces. Before that, he was Managing Director and Chief Investment Strategist of Fernwood Investment Management.


Bob received his Ph.D. in Economics from Duke University. He has testified before various U.S. House and Senate Committees on economic, industry, and policy issues and has been principally involved with Fortune 500 decision makers, both domestically and abroad. Bob has lectured frequently at various leading colleges and universities, including teaching at Wellesley College for 10 years.
 

He has appeared nationally on the Lehrer News Hour, Today Show, Good Morning America, and the CBS Evening News.  He has also guest-hosted radio talk shows on National Public Radio and a number of AM stations.  Bob has been Economics Editor at WBZ-TV, the CBS affiliate in Boston, appearing regularly on news programs to discuss and analyze topical economic issues and breaking news event, as well as done radio commentaries in the Boston and other markets.

 
About the North Shore Technology Council

The North Shore Technology Council (NSTC) is a non-profit, volunteer-led organization with a mission to be the leading collaborative for fostering technology businesses in Massachusetts' north-of-Boston region.  The council's mission is to build a strong ecosystem for the success of technology businesses North of Boston by facilitating collaboration, networking, professional growth and economic development in a collegial fashion.  The NSTC welcomes the participation of technology businesses, senior executive and employees of technology businesses, entrepreneurs, companies that support technology businesses, academic and governmental units and nonprofits.  The council is on the Web at www.nstc.org. Its office is at the Cummings Center, in Beverly, Massachusetts.

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