Technology in Senior Living: How is it Impacting the Sector?

Technology has already revolutionized the way we work, the way we communicate and the way we seek knowledge. But how has the digital age affected Senior Living?

The Senior Living sector is big business. With an estimated 1.5 million people turning 65 every year, it’s no surprise that the market is expected to reach almost $300 billion before 2022. A big market needs more help than ever to succeed in an increasingly competitive environment; that’s where technology can come into play.

What is the impact of technology on senior living?

According to 2016 data from the U.S. Census Bureau, a 19% increase in seniors over 65 years old. In Europe, that figure is estimated to be 25%. In Japan, where there is currently an ageing crisis due to a low birth rate, there is an estimated 30% increase.

●     The Rise in the Use of Smartphones

More than 15% of all residents of senior living facilities have smartphones. That’s according to the 2016 report from Forrester Consulting. Right now, it’s safe to assume that number is even higher. According to Pew Research, 90% of people under 30 own a smartphone. (I’m in the 41-50 demographic, so this isn’t surprising).

Today, it’s impossible to promote a senior living facility without a web presence and active social media accounts. But there’s been a shift in how senior living facilities promote themselves. For example, facilities would post pictures of a beautiful dining room or lobby in the past and expect people to be impressed. They discovered that people weren’t necessarily excited about their beautiful lobbies—they were interested in the residents.

●     Communication with the Outside World

The top three most impactful technologies on the communications side include video calling with family and friends (53%), online resident directories (45%) and online scheduling (44%).

Video calling is the most commonly used technology to communicate with family and friends. According to a recent study, “Video Calling in Nursing Homes and Assisted Living,” 87 per cent of consumers use video calling in senior care facilities. This helps alleviate family fears of what is going on in their loved ones’ lives. Eighty-three per cent of consumers say they feel more confident knowing their loved ones are safe, one in two say they feel more connected to their family member in care, and a third say they can better understand what lifestyle changes they may need to make to better support the individual.

Modern communication with the outside world allows senior living residents to feel like they are still a part of their community. It also offers them peace of mind, knowing their families are well informed about current events, status and how to best advocate for them in their care.

●     The rise in the use of Medical Technology

Senior living is going hi-tech! An increasing number of senior living centers are using connected devices and sensors to monitor patient health remotely. Online menus, automated medication dispensers and specialized doorbells that alert staff to the presence of visitors are just a few examples of recent technological innovations. These new technologies improve the quality of life for residents and families; they also increase revenues for many senior living communities. Medical technology will be a 1.7 trillion dollar market by 2023, indicating a strong need for systems to manage this growth. Additionally, there has been a significant rise in mental health technology, which tracks depression, dementia, sleep patterns and more. Many senior living centres can integrate these devices into the lives of their residents seamlessly, ensuring that the patient’s overall health and happiness are promoted at all times.

●     Easier access to data for insight into resident care and operational effectiveness

Technology is here to stay and has the potential to completely change the way we interact with people in senior living. Technology—or “technology-enabled”, as some like to say—is enabling businesses to be more data-driven and more informed about their operations, resident care, and overall quality of life for residents.

How? A major benefit technology has brought to senior living is an easier way to look at data. This data can be used to improve the quality of life for residents. But it will take a willingness on the part of the industry to bring these types of technologies into facilities. So, how can they be introduced?

The first step is simply getting everyone on the same page, from traditionalists to innovators, and defining terms such as “cognitive”, “mechanical”, “automated”, and “smart”. These are the building blocks that we need to move forward on a path towards technology-enriched senior living. I say that all types of eldercare professionals need to be on board because it will allow us to truly see what our residents want out of their lives – ultimately helping us serve them better. This also means that while many are excited about the automated features built into these technologies, some will still prefer a human touch or perhaps need a human touch

●     Location-Based Services

Technology is changing how seniors live, work, and interact with their surrounding environment. For example, we’re seeing the implementation of location-based services that allow residents to have greater interaction with their environments.

What Is Location-Based Services

Location-based services are defined as technologies that connect people and places through three important elements: location awareness, context awareness, and social awareness. A location-based service displays what is near you using a device’s location, such as smartphones and tablets, while simultaneously providing information based on your personal preferences.

Wrapping up

Technology in Senior Living will continue to improve the lives of both residents and their families. As technology changes, the sector’s need for health care professionals will also change. Health care professionals will not receive their training in a normal classroom setting, but they will learn through online programs. The BLS reports that “the demand for postsecondary education services will increase as more adults seek higher education degrees to meet the growing demand for skilled workers” (“Occupational Projections”).

However, like all things, technology-based services are not without their challenges. Here are the top five challenges:

1. Increased Costs

2. Loss of Control

3. Increased Risk of Abuse

4. Decreased Productivity

5. Safety Concerns

While these challenges exist, it is important to remember that technology-based services can be highly beneficial in senior living.

ERP Execution Failures 8 Mistakes To Avoid

ERP stands for Enterprise Resource Planning. It is an essential element you should include in running and managing your company better. Did you know that a properly implemented ERP can help improve the communication aspects between you and the other departments in your company?

If you don't know yet, ERPs implemented accordingly can cut down your administration and operational expenses by more than 20%. Beyond that, almost 100% of company owners use ERP to implement their processes, and all these implementations were successful.

With that in mind, there is no doubt that implementing ERP is a huge move for all companies. Since they can make significant changes in your establishment, it is essential to do everything right. Proper planning is important to reduce the implementation timeline and save some bucks.

If you are new in ERP, here are the top 8 common mistakes you should be more mindful of:

1. Not Training Your Employees

ERP implementation is a huge solution that could significantly impact every department in your company. ERP implementation is more likely to fail, especially if your employees are not trained properly or are not 100% ready to adapt to these changes.

If your staff failed to embrace the changes, they could either look for manual workarounds or revert to their conventional work processes. It would be best to let each department know more about this new software system to prevent this from happening. Require project managers to train their staff.

How each project manager trains their staff will significantly impact your company's success rate of ERP implementation.

2. No Adequate Plan For Post-Launch Maintenance

It is worth highlighting that implanting ERP is a lifetime commitment. It is somehow a living organism that improves, evolves, and changes over time. With that in mind, it is important to prepare a plan that concerns your post-launch improvement and maintenance.

As a company owner, you need to consider your employee's opinions. You can assign someone to know the thoughts of your staff about the new software, the difficulties they encounter, and effective strategies to improve them.

Listening to your employees will help you implement ERP software properly and ensure its success in the future. Having a concrete plan for post-launch maintenance will keep the efficacy of ERP software in your establishment.

3. Addressing Fear Of Change

Knowing ERP implementation will give excitement to your top-level teams. But, the situation will be different with your staff and other departments that will use the ERP software. The success of deploying ERPsoftware to your company will depend on its end-users. Even though you have the best and most-planned implementation strategy, it would be useless if your employees and departments were afraid to address these changes.

To avoid this, make sure to assign department leaders who will answer the queries of its team members regarding the ERP implementation. Beyond that, the department staff will also be literate on how the software could affect their tasks.

4. Not Managing Data Migration Seriously

Data migration may be the smallest aspect in your department. But take note that it is one of the most important elements. Not preparing good data will give you difficulties in stepping up. Gathering important data and ensuring its effective importation could significantly improve the whole process.

Proper data migration involves data cleansing. This can help you avoid spelling errors and file duplicates. Doing so will let your company enjoy the most benefits of ERP software.

5. Not Setting Milestones

It is important that you set company milestones. This is because deploying ERP will take more than six months. As mentioned, ERP acts like a living organism. It is important to categorize milestones into minor and major when setting milestones.

When setting major milestones, make sure to include different aspects like deployment testing. Development, design, planning, and continued support. Under each aspect will be your minor milestones. For instance, under the planning phase, you can set minor milestones, such as assigning team leaders and roles of each member.

6. No Credible Leader

As of now, you may finally notice that having the right team leader is important for a successful ERP implementation. If your department leader does not know how ERP systems work, it could adversely impact your ERP deployment.

Although every staff has their first-time usage of ERP software, it is ideal to assign a leader who is strategic and detail-oriented. This is because they will be the ones who will guide the others.

Make sure to assign a leader that is assertive, has premium organizational skills, and can build and handle significant relationship with different departments.

7. Insufficient Commitment

It is very clear that ERP implementation can improve company processes and help you achieve business objectives. But take note that deploying it is not easy and involves slightly complicated processes.

In addition, ERP deployment takes longer than six months. So, ensure to set clear plans one year before the implementation. This will help you solve unseen kinks that may happen in the future.

If you are so busy and don't have enough time to do the early planning, hiring someone who can commit most of their time to facilitate and speeding up the process would be best.

8. Failure To Define and Plan Objectives

There is no installation button you can switch when implementing ERP. Thus, you need to define and plan your goals before deploying ERP to your company. Doing so will help you set solutions to meet your company's specific requirements. Beyond that, having a well-detailed roadmap will help you avoid distractions.

A planned roadmap is designed to ensure that your team members work as one and stay in the same place. It will also allow your departments to be more productive and cooperative during the whole process.

Final Thoughts

ERP implementation is exciting for some but stressful for others. But when you avoid the aforementioned ERP implementation mistakes, you can enjoy incredible results. Proper planning and execution will ensure success during your implementation.

 

 

 

How To Save Money With US Inflation At A Record High

How to save money US inflation rose to a mighty 7% by the end of 2021, signifying a record high since the summer of 1982. As a rise in inflation represents a rise in prices, many consumers have struggled to adjust to a new normal of an even pricier life money your mission  

These rates are revealed through the Personal Consumption Expenditures Price Index, which measures prices in the US, and is the preferred method of the Federal Reserve. 

With prices so high, it is important to stop and think about how to get by, and even save, during such expensive periods. 

Watch Your Spending 

With a bit of luck, your employer will adjust your salary to reflect the rise in inflation, which would mean that - in theory - you’re spending, does not need to change. 

However, should this not be the case, it is important to watch your spending to ensure that you are living within your means. With the average American household spending $550 per month on food alone, it is important to adjust to rising prices. One key area to save money in is travel. With gas prices sitting at around $3.725 per gallon, driving is pricey, and it all adds up! 

There are numerous ways to track your spending. You could download a budgeting app such as Mint, which helps you track your spending, track splurging, and change your habits. Many of these apps are free to use and can be your best friend when trying to alter your spending behavior. If this doesn’t sound right for you, you could create a manual budget. Here, you measure your incomings versus your outgoings and try to rejig your spending to lower it. 

Borrow In The Right Way 

With 12 million Americans making use of payday loans each year, and around 253 million Americans using credit cards, borrowing is a notable feature of American financial habits. 

While borrowing can be a lifeline, it can also be expensive. With payday loans, APR sits at around 400%, depending on your personal situation and where you live. If you are trying to tone down your spending or lower the cost of borrowing, it may be in your interest to sign up for a new credit card. This may grant you access to a 0% interest trial, meaning that you can borrow money with no added cost. Alternatively, you could join a credit union. These non-profit institutions provide small loans at lower rates than high street providers. 

Invest In The Right Places 

Investing can be tricky, but it can also be rewarding. With prices rising, it is in your interest - as always - to reap the benefits of saving. You should look into savings accounts with strong interest rates. This interest rate represents how much profit you will make on your savings. 

The national average interest rate on savings is 0.06%. You should shop around online, and utilize comparison websites to understand which savings accounts offer the best rates. 

Additionally, before investing your money anywhere, you should ensure that the institution is regulated and legitimate. With fraud on the rise, you should be cautious of losing any money and ask the institution for proof of regulation. You can also cross-check their details here. 

 

 

Tips to help you repair a credit report

If you want to repair a credit report, then there is a good chance that you are experiencing a lot of financial issues and not sure how to fix them. You should remember that your credit scores can affect you in many ways. Some of the problems you can face with bad credit scores include problems with renting a home, borrowing money, or even securing a job. It can be confusing and frustrating when it comes to managing your poor credit.

This is the reason why you need to find a credit repair service provider to help you to improve your credit score. A reputable credit repair company can even give you support and advice on how best to manage your credit. This post provides tips to help you repair a credit report.

Repairing a credit report

As explained earlier, you can find many credit repair service providers that can manage credit problems. Most of these companies have experts who can analyze your credit report to identify errors and remove negative or inaccurate items. This can improve your credit score to make it easier for you to access personal loans, car loans, and many.

The credit repair process needed to improve your credit score usually has three components. These parts are the check, challenge, and change process that can lead to some negative items being removed every month, but this tends to depend on your situation.

The change process

The first part that is involved in improving credit is to review your credit reports. Therefore a credit repair specialist can gather these reports from at least three credit bureaus to analyze them properly. They can then organize their findings to help you quickly check the items that may be challenged or changed.

You can tell the credit repair specialist the specific changes that are necessary to you. Credit repair San Antonio TX can then create a personalized plan that meets your needs to repair your credit report.

The challenge process

The challenge process is usually considered to be the tricky part, especially when you decide to do it yourself. This is because the process involves challenging the credit companies. Credit repair specialists know the consumer laws that protect their clients.

A specialist can also ask the creditors for information for best results. When a creditor meets their legal obligations, they can correct inaccurate or negative items. Hence, a credit repair specialist can contact credit bureaus to ask for changes in the credit report. As a result, this can improve your credit score. 

The change process

Keep in mind you also need to change the way you use credit because correcting negative items appearing on your credit report may not help over time. Many credit repair service providers offer several tools to help you understand credit and monitor your credit reports.

Some credit repair companies offer a mobile app that allows you to check updated information. You can also receive email and text alerts that tell you about developing issues. This helps you to prevent negative or inaccurate items from affecting your credit report.

 

6 Approaches to Market CBD online products 

The CBD industry is already enormous, and it is fast expanding due to rising public acceptance, ongoing research into its advantages, and favorable legislation like the federal Farm Bill 2018.

The medicinal qualities of CBD make it a household item that everyone can use in one way or another.

According to conservative estimates, CBD sales will exceed $1.8 billion per year by 2022, a significant increase from sales of about $500 million in 2018. Experts have predicted that the CBD consumer market would soon exceed the legal cannabis sector for many years.

Not many people know this, but only the CBD pet market is estimated in billions.

This is why many companies are entering the market. It's already difficult to distinguish your CBD eCommerce business from rivals.

Therefore, it is evident that companies must implement a well-planned CBD marketing strategy to climb to the top of the chart and distinguish themselves from their competitors.

Starting a CBD company might be pretty appealing, given how minimal the sector's market access barrier is. That's why, both online and in the physical world, the number of CBD retailers has exploded into the thousands virtually overnight.

Creating a niche for CBD brand marketing can be even trickier than many people believe. The difficult part of CBD brand marketing is that many still don't realize the differences between CBD and marijuana.

However, we are able to create a guideline that will help you to market your products in the right way and help you to reach your customers,

Concentrate on SEO

Paying careful attention to search engine optimization, often known as SEO, is perhaps one of the most organic methods to promote your brand on the Internet. Although this strategy may be a little challenging to implement, the cost is generally far cheaper than other forms of promotion. The best way to guarantee that your money and effort are effectively spent is to hire an SEO specialist to assist you.

You also don't have to worry about breaching any CBD marketing regulations. Please be advised that if the FDA is examining any health or illness claims, SEO "keywords" will be deemed marketing and promotional materials. Proper SEO can help you establish yourself as a recognized thought leader in the emerging business and will allow people to reach your site based on their internet searches.

Create Content.

Content creation can be integrated seamlessly into your SEO strategy because SEO concentrates on the application of keyword phrases and terms that have high volumes in articles, blog posts or product descriptions, as well as web-based content. Be consistent in posting your content to social media and watch your growth in traffic! The carefully selected content will enhance your reputation as an authority and influential figurehead in the CBD business.

Participate in trade shows

Marketing via word of mouth has been (and remains) a highly effective form of marketing. Take advantage of attending trade shows for your industry to connect with industry leaders face-to-face and examine the competitors. In addition, during trade shows, such as the CBD Expo Tour, it is also possible to showcase the benefits your company has to provide and convince people to join your side. In doing this, you have the possibility of attracting potential new customers and possibly an investment in your CBD marketing strategy.

Set up a group of affiliates

Affiliate marketing is a great way to spread the word about your product without you having to lift a finger. According to industry figures over the next five years, affiliate marketing spending is expected to rise by 10%. Regarding digital media income, affiliate marketing accounts for 15%, and in 2017, online users clicked on affiliate marketing links more than 5 billion times!

This year, worldwide affiliate marketing transactions totaled more than $170 million, which is enough to make your head spin. ShareASale, Can Affiliate, and Clickbank are some of the most reputable affiliate networks.

Make use of influencer marketing.

Make sure to include as many different marketing strategies within the CBD campaign as you can. The more varied your marketing plan is, the greater the likelihood of attracting the right audience and generating a profitable income out of CBD marketing.

Influencer marketing is an excellent method of doing this and is among the fastest-growing segments of the world of marketing currently, where 17% of firms claim to invest more than half of their marketing budgets influencers. The influencer market is expected to grow by 65% in the coming year. Budgets for marketing are expected to increase. Of course, any influencer who is paid in any way must adhere to FTC guidelines and prominently reveal their relationship to the product which is being advertised.

Utilize email marketing

Another method of marketing that should not be overlooked is the use of email marketing. While it is among the oldest methods of marketing online that is still in use, it has proven effective in getting customers from every corner and across all walks of. Sending coupons and deals to your existing newsletter subscribers/customers is a fantastic way to get the word out about products and improve customer relationships and retention.

Conclusion

The CBD market will continue to expand at a rapid pace for the next few years. It's expected to be an estimated $23 billion market in 2025. A growing number of players will join the race, and the competition will increase intensity.

How do you create and promote a CBD brand that can withstand the scorching heat?

In the end, marketing the CBD brand is based on the same rules of marketing as every other type of brand. But when it comes to CBD, there is an element of industry in addition.

The business is in constant change, and it's going to take a couple of years before it becomes mature. The best strategy takes both the brand as well as the industry into consideration to ensure that the brand has an established foothold and strengthens its position in the future as the industry grows.

In the end, taking the correct actions will go a long way in connecting with your intended audience and propelling the brand up the heap.

 

Create an Email Newsletter 

Ensuring business growth is a very challenging task. Even after having a proper marketing plan, you might not see decent growth in your business. To keep pace in this modern world, you must learn to embrace the new technology. Without embracing new marketing tools, things will be pretty hard when it comes to business. If you do some research, you will notice most of the new businesses are doing well just because they know the perfect way to reach their target audience. They are ensuring their business growth by taking advantage of digital marketing.

Those who have extensive skills in running promotional campaigns always give high priority to email newsletters. You might be thinking that creating an email newsletter is a very challenging task but it’s not. In this article, we are going to give you some amazing tips which will help you to create an email newsletter just like the professionals.

Determine your goals

Before you start working on the email newsletter you need to know your goals. Based on your business, you need to make a list of best-selling products or services. Make sure you work on this in a very effective way so that you can determine your goals without having any major issues. Once you know your goals, you will easily create a draft plan for your newsletter. However, things will become complicated when you have many things to offer. In such a case, you need might need to seek help from professionals.

Write a great content

The newsletter is never going to work unless you create great content. To ensure maximum engagement from your target audience, you need to be brief and precise with your content. Never try to follow any aggressive marketing policy for the newsletter. If you do so, you might lose your brand value. On the contrary, if you are relatively new to a particular business field, it would be wise not to focus on aggressive sales policy. Instead, you should try to highlight the key products and services in your business in a strategic manner.

Hire a professional content writer

You might have a great business idea but it doesn’t mean you will be able to write great content. At times, it is better to assign professionals to do some particular task. When it comes to the writing of the heading and the body of the newsletter, people often mess things up. That’s why most of the reputed companies rely on professional content writers as they can curate the content in a very natural way. Most importantly, they will write the newsletter without having any promotional tone. So, never feel bad if you have to hire a professional content writer. Remember, you have to pay once to create one email newsletter.

Think about the design

After having your content ready, you need to work on your newsletter design. You don’t have to spend thousands of dollars to create stunning designs. Make it simple but it should look professional. With some basic training, you can also learn to create your newsletter for a professional email marketing platform. The reason we are asking you to focus on a simple design is to ensure maximum delivery. If you make things overly complex, chances are very high that your target audience will never open that email and thus you will be wasting your valuable resources in the name of marketing.

Learn to use the Photoshop

Some of the start-up business owners often think that the professional will never understand their message and thus they will never get their desired design. If you have such issues, we strongly recommend that you learn to use Photoshop properly. Once you gain the basic knowledge, you can design the newsletter but it won’t be like that profession. However, with that experience, it will be much easier to get things done by a professional designer. Most importantly, there is nothing wrong to learn a new skill in this industry. If you don't want to overpay, you can use Squarespace tool. Thanks to this, you can create a nice and clear website (and other very important things). If you look for a discount for Squarespace you need to check this website. Beside that, think about what else you can improve and how to use their tool.

Creating the email list

You need to have an email list for your target audience. You might be thinking that getting such a list is nearly impossible. Just do some research on the internet and you can easily find your target audience. However, if you want to make things simple, we would suggest you focus on a professional lead specialist. You can buy high-quality leads by spending a small amount of money. While doing so, make sure that you buy information or data from reliable sources.

After having the list ready, you might be thinking that you can easily reach thousands of customers without having any hassle. However, this is not all true. At times, the mail will fail to deliver properly but you can easily solve this problem by taking help from the premium marketing platform. Even after doing all the things precisely, you will often see that some of the emails are bouncing back. This usually happens when certain individual changes their professional email address.

  How To Create Online Courses 

Do you want to create online courses but don't know where to start? You're in luck. This blog post will walk you through the process of creating online courses from scratch. It will cover everything from finding a topic to recording your videos. By following these steps, you will be able to create high-quality online courses that your students will love.

Leverage course creation tools

One of the primary things you'll need to create an online course is a tool to help you build it. There are many tools out there that can make the process much easier. In this case, you can decide between Thinkific vs. Teachable. If you're looking for a comprehensive solution, consider using these platforms, which will allow you to create and manage your courses without having to deal with any technical headaches. Thinkific is a great option for those who want to create online courses that are easy-to-use and customizable. This platform has been around since 2014, so it's not new. However, they have recently updated their interface to make things even easier. You can choose between free or paid features depending on your needs.

Teachable is another great option for those looking to create online courses. It's a bit more expensive than Thinkific, but it does offer more features. Plus, they have been in business since 2010 and have a lot of experience when it comes to creating online courses. Both of these platforms are great options, so you can't go wrong with either one. However, if you plan on using either platform to create your online courses, you must understand how they work and what each one offers before making a final decision.

Consider the audience

The first thing to consider when creating an online course is who your target audience will be. This can help narrow down the topic of your course as well as the format it will take. For example, if you're targeting business professionals, your course might be focused on teaching them specific skills they can use in the workplace. However, if you're targeting stay-at-home parents, your course might be more general and cover a variety of topics related to parenting.

Once you've determined your target audience, it's time to decide on a format for your online course. There are several different formats you can choose from such as video lessons, downloadable PDFs or ebooks, audio courses, and even live webinars. Each one has its pros and cons. For example, video lessons tend to be more engaging than written content because they allow students to see and hear the instructor. However, they can also be more time-consuming to produce. On the other hand, downloadable PDFs are easy for students to access and can be read on any device. However, they may not be as engaging as video or audio courses.

●    Record videos

If you choose to create video lessons for your online course, it's important to remember that you don't need to be a professional videographer. Many instructors simply use their smartphones to record their lessons. However, there are a few things you can do to make sure your videos look and sound great. First, make sure you're in a quiet space with good lighting. Also, try holding it horizontally so the video doesn't appear distorted when viewed on other devices such as computers and tablets. You may also want to invest in an external microphone for better sound quality. If possible, have someone else stand behind the camera and record you while teaching or talking. This will help keep the focus on you and make your lessons more engaging.

Create a landing page

Your online course won't sell itself, so it's important to create a landing page that promotes it. This page should include some basic information about your course such as the topic, how long it is, what format it takes, and who it's for. You'll also want to include a call-to-action (CTA) button. This is typically a "Buy Now" or "Add To Cart" option that allows customers to purchase your course after reading through the information on this page. If possible, use an email marketing platform to collect customer data and send them follow-up emails about your course. This type of automated marketing can help sell more courses and increase profits over time.

As you can see, there are a lot of factors to consider when creating an online course. But by following the steps in this blog post, you'll be well on your way to creating a course that is perfect for your target audience.

 

 

These Are The Most Profitable And Valuable Esports Companies In 2021

The COVID-19 pandemic has led to the closure of many stadiums across the globe. However, some industries, such as the esports industry, have been thriving. The industry has been streaming events online and not forgetting live tournaments and esports betting. The growing trend of the booming esports industry makes it clear how competitive the technology space has become.

If you are an investor, you might be wondering which are the top-performing companies. Of course, you would like to invest in companies that have the best balance sheets, the best leadership, and not forgetting the most solid and reliable growth prospects. Discussed below are the top and most profitable esports companies in 2021;

DraftKings

DraftKings (DKNG) is an online fantasy and gambling company. This great company went public after merging with a blank-check company in 2019. This merger enabled it to receive an impressive evaluation of $6 billion. DraftKing recorded a high value of shares of $19.35, thus giving the company a remarkable value of $6.3 billion.

Currently, the company has a market cap of $23.337 billion. In terms of revenue, the gaming company made $644 million. That was in the record of the year 2020 and expects the amount to rise to over $900 million in 2021. In 2020, the company ended the year with a high note of $1.8 billion in cash and no debt in their records. One of the company's goals in 2021 is to raise more than $1 billion. It is planning to achieve this by converting senior notes to qualified investors.

Penn National Gaming

Penn National Gaming (PENN) is an American racetrack and casino company. By signing a deal with Barstool Sports, the company opened its doors to great success. The deal was to enable the company to acquire 36% of Barstool Sports. The deal amounted to $163 million, and that set the company to a lot of success. In 2020, the company's brand became more and more popular, thus making it one of the best companies to invest in in 2021

 This remarkable company has a market cap of $14.477 billion. The company generated $5.3 billion in 2019, $4.98 in 2020, and is set to generate $5.57 in 2021. This clearly shows that the company is set for steady growth. From its records in the year 2020, it showed that the company earned $1.58 per share. The company is currently trading at 36.8 times the previous year's earnings and has a current $88.

Alpha Tech

Alpha Tech (ALPA) is a Vancouver-based company dealing in technology that focuses on mobile gaming, blockchain, high growth opportunities, e-commerce, and emerging esports markets. The company's Alpha Tech's GamerzArena is its main asset. This company's freemium model has more than 100,000 gamers who deposit alpha coins as Bitcoin-pegged tokens. The company has GamerzArena+, which is its subscription service.

Through the service, players can pay $12.99, which in turn opens doors for them to access more paying tournaments accompanied by special events. The stats' on gamers allows users to improve and monitor their skills. It is also an added advantage to those who want to get into the field professionally. This is because they can showcase their abilities to a bigger audience. Several universities use this platform to scout for players. Some of those universities include;

• Penn State University
• Syracuse University
• University of Rochester
• University of British Columbia
• Western Michigan University
• University of Albany

Apart from all those universities, Alpha has also signed a deal with Spartan Athletics. This proves that Alpha Tech is a reliable and well-performing company, that you as an investor, can trust.

Skillz

Over the years, Skillz (SKLZ) has proved to be the OG in the mobile gaming industry. This company was the first publicly traded mobile esports platform. This remarkable company, Skillz, is based in San Francisco. This company creates a platform for developers to make franchises worth multi-million dollars. This is achieved through the creation of social competition in their games. Through the improved technology, Skillz hosts millions of mobile players globally.

The company has been recognized as one of the most innovative companies. In addition to that, it has earned several awards, for example, CNBC's Disruptor 50 awards. Skillz has been one of the fastest-growing companies in America with powerful management. If you are an investor, you should not doubt your decision to invest in this company. After some time, the results will show you that this is the best decision that you ever made.

Team SoloMid

Team SoloMid is one of the highest-ranked esports companies in the world. It has a value of $400 million and a revenue of around $35 million. TSM has participated in the completion of many video games, and its league has always been their pride. Despite the struggles that the company has had to undergo over the previous years, it has still maintained its large fanbase.

In 2020, the company made a higher profit with $150 million more than the previous year's profit. In 2021, its primary goal is to continue raising its value, and from its trend in the previous years, it is a sure bet that it will attain its goal. Therefore, if you are an investor, you can confidently invest in this company, knowing that there are limited chances of disappointments.