News from the tech world should not be a foreign language for the average Joe like me. So, I hope this breaks it down to a simpler level.
Our tech news article today is written by Nikita Duggal. In our opinion, it reduces the complexity of technology advancements to a level us non-techies have can at least conceptualize to the point we do not feel like we are in a jungle are unable even to conceptualize. We hope it helps you understand the world we are in for the present and the near future.
“Technology today is evolving at such a rapid pace, enabling faster change and progress, causing an acceleration of the rate of change, until eventually, it will become exponential. However, it is not only technology trends and top technologies that are evolving, but a lot more has also changed this year due to the outbreak of COVID-19 making IT professionals realize that their role will not stay the same in the contactless world tomorrow. And an IT professional in 2020-21 will constantly be learning, unlearning, and relearning (out of necessity if not desire).
What does this mean for you? It means staying current with new technology trends. And it means keeping your eyes on the future to know which skills you will need to know to secure a safe job tomorrow and even learn how to get there. All bows to the worldwide pandemic, most of the global IT population is sitting back, working from home. And if you wish to make the most of your time at home, here are the top 9 new technology trends you should watch for and make an attempt at in 2021, and possibly secure one of the jobs that will be created by these new technology trends.
Here is the list of the top 9 New and Trending Technologies:
- Artificial Intelligence (AI) and Machine Learning
- Robotic Process Automation (RPA)
- Edge Computing
- Quantum Computing
- Virtual Reality and Augmented Reality
- Internet of Things (IoT)
- Cyber Security
1. Artificial Intelligence (AI) and Machine Learning
Artificial Intelligence, or AI, has already received a lot of buzz in the past decade. Still, it continues to be one of the new technology trends because its notable effects on how we live, work, and play are only in the early stages. AI is already known for its superiority in image and speech recognition, navigation apps, smartphone personal assistants, ride-sharing apps, and so much more.
Other than that, AI will be used further to analyze interactions to determine underlying connections and insights, to help predict demand for services like hospitals enabling authorities to make better decisions about resource utilization and to detect the changing patterns of customer behavior by analyzing data in the near real-time, driving revenues and enhancing personalized experiences.
The AI market will grow to a $190 billion industry by 2025, with global spending on cognitive and AI systems reaching over $57 billion in 2021. With AI spreading its wings across sectors, new jobs will be created in development, programming, testing, support, and maintenance, to name a few. On the other hand, AI also offers some of the highest salaries today, ranging from over $1,25,000 per year (machine learning engineer) to $145,000 per year (AI architect) – making it the top new technology trend you must watch out for!
Machine Learning, the subset of AI, is also being deployed in all kinds of industries, creating a huge demand for skilled professionals. Forrester predicts AI, machine learning, and automation will create 9 percent of new U.S. jobs by 2025, jobs including robot monitoring professionals, data scientists, automation specialists, and content curators, making it another new technology trend you must keep in mind too!”
2. Robotic Process Automation (RPA)
Like AI and Machine Learning, Robotic Process Automation, or RPA, is another technology that automates jobs. RPA uses software to automate business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails. RPA automates repetitive tasks that people used to do.
Although Forrester Research estimates RPA automation will threaten the livelihood of 230 million or more knowledge workers or approximately 9 percent of the global workforce, RPA is also creating new jobs while altering existing jobs. McKinsey finds that less than 5 percent of occupations can be totally automated, but about 60 percent can be partially automated.
For you as an IT professional looking to the future and trying to understand new technology trends, RPA offers plenty of career opportunities, including developer, project manager, business analyst, solution architect, and consultant. And these jobs pay well. An RPA developer can earn over ₹534K per year – making it the next technology trend you must keep a watch on!
3. Edge Computing
Formerly a new technology trend to watch, cloud computing has become mainstream, with major players AWS (Amazon Web Services), Microsoft Azure, and Google Cloud Platform dominating the market. The adoption of cloud computing is still growing, as more and more businesses migrate to a cloud solution. But it is no longer the emerging technology trend. Edge is.
As the quantity of data organizations is dealing with continues to increase, they have realized the shortcomings of cloud computing in some situations. Edge computing is designed to help solve some of those problems to bypass the latency caused by cloud computing and getting data to a data center for processing. It can exist “on edge,” if you will, closer to where computing needs to happen. For this reason, edge computing can be used to process time-sensitive data in remote locations with limited or no connectivity to a centralized location. In those situations, edge computing can act like mini datacenters.
Edge computing will increase as the use of the Internet of Things (IoT) devices increases. By 2022, the global edge computing market is expected to reach $6.72 billion. And this new technology trend is only meant to grow and nothing less, creating various jobs, primarily for software engineers.
4. Quantum Computing
The next remarkable technology trend is quantum computing, a form of computing that takes advantage of quantum phenomena like superposition and quantum entanglement. This amazing technology trend is also involved in preventing the spread of the coronavirus and developing potential vaccines, thanks to its ability to easily query, monitor, analyze and act on data, regardless of the source. Another field where quantum computing is finding applications in banking and finance to manage credit risk for high-frequency trading and fraud detection.
Quantum computers are now a multitude of times faster than regular computers, and huge brands like Splunk, Honeywell, Microsoft, AWS, Google, and many others are now involved in making innovations in the field of Quantum Computing. The revenues for the global quantum computing market are projected to surpass $2.5 billion by 2029. And to make a mark in this new trending technology, you need to have experience with quantum mechanics, linear algebra, probability, information theory, and machine learning.
5. Virtual Reality and Augmented Reality
The next exceptional technology trend – Virtual Reality (VR) and Augmented Reality (AR), and Extended Reality (ER). VR immerses the user in an environment while AR enhances their environment. Although this technology trend has primarily been used for gaming thus far, it has also been used for training, as with Virtual Ship, a simulation software used to train U.S. Navy, Army, and Coast Guard ship captains.
In 2021, we can expect these forms of technologies to be further integrated into our lives. Usually working in tandem with some of the other new technologies we have mentioned in this list, AR and VR have enormous potential in training, entertainment, education, marketing, and even rehabilitation after an injury. Either could be used to train doctors to do surgery, offer museum-goers a deeper experience, enhance theme parks, or even enhance marketing, as with this Pepsi Max bus shelter.
Fun fact: 14 million AR and VR devices were sold in 2019. The global AR and VR market is expected to grow to $209.2 billion by 2022, only creating more opportunities in the trending technology and welcoming more professionals ready for this game-changing field.
While some employers might look for optics as a skill-set, note that getting started in VR doesn’t require a lot of specialized knowledge – basic programming skills and a forward-thinking mindset can land a job; another reason why this new technology trend should make up to your list of lookouts!
Although most people think of blockchain technology with cryptocurrencies such as Bitcoin, blockchain offers security useful in many other ways. Blockchain can be described as data you can only add to, not take away from or change in the simplest terms. Hence the term “chain” because you are making a chain of data. Not being able to change the previous blocks is what makes it so secure. In addition, blockchains are consensus-driven, so no one entity can take control of the data. With blockchain, you don’t need a trusted third party to oversee or validate transactions.
Several industries are involving and implementing blockchain, and as the use of blockchain technology increases, so too makes the demand for skilled professionals. A blockchain developer specializes in developing and implementing architecture and solutions using blockchain technology from a bird’s eye view. The average yearly salary of a blockchain developer is ₹469K.
If you are intrigued by Blockchain and its applications and want to make your career in this trending technology, then this is the right time to start. To get into Blockchain, you need to have hands-on experience in programming languages, the fundamentals of OOPS, flat and relational databases, data structures, web app development, and networking.
7. Internet of Things (IoT)
Another promising new technology trend is IoT. Many “things” are now being built with Wi-Fi connectivity, meaning they can be connected to the Internet—and each other. Hence, the Internet of Things, or IoT. The Internet of Things is the future and has already enabled devices, home appliances, cars, and much more to be connected to and exchange data over the Internet.
As consumers, we’re already using and benefitting from IoT. We can lock our doors remotely if we forget when we leave for work and preheat our ovens on our way home from work, all while tracking our fitness on our Fitbits. However, businesses also have much to gain now and soon. The IoT can enable better safety, efficiency, and decision-making for businesses as data is collected and analyzed. It can enable predictive maintenance, speed up medical care, improve customer service, and offer benefits we have not even imagined yet.
And we’re only in the beginning stages of this new technology trend: Forecasts suggest that by 2030 around 50 billion of these IoT devices will be in use around the world, creating a massive web of interconnected devices spanning everything from smartphones to kitchen appliances. The global spending on the Internet of Things (IoT) is forecast to reach 1.1 trillion U.S. dollars in 2022. New technologies such as 5G is expected to drive market growth in the coming years.
And if you wish to step foot in this trending technology, you will have to learn about Information security, AI and machine learning fundamentals, networking, hardware interfacing, data analytics, automation, understanding of embedded systems, and device and design knowledge.
The next technology trend that follows the IoT is 5G. Where 3G and 4G technologies have enabled us to browse the internet, use data-driven services, increased bandwidths for streaming on Spotify or YouTube, and so much more, 5G services are expected to revolutionize our lives. by enabling services that rely on advanced technologies like AR and VR, alongside cloud-based gaming services like Google Stadia, NVidia GeForce Now and much more. It is expected to be used in factories, HD cameras that help improve safety and traffic management, smart grid control, and smart retail.
Just about every telecom company like Verizon, T mobile, Apple, Nokia Corp, Qualcomm are now creating 5G applications. 5G services are expected to launch worldwide in 2021, with more than 50 operators offer services in about 30 countries by the end of 2021, making it a new technology trend you must watch out for and save a spot in.
9. Cyber Security
Cyber security might not seem like trending technology, given that it has been around for a while, but it is evolving just as other technologies are. That is in part because threats are constantly new. The malevolent hackers who are trying to illegally access data are not going to give up any time soon, and they will continue to find ways to get through even the toughest security measures. It is also in part because new technology is being adapted to enhance security. As long as we have hackers, cybersecurity will remain a trending technology because it will constantly evolve to defend against those hackers.
As proof of the strong need for cybersecurity professionals, cybersecurity jobs are growing three times faster than other tech jobs. Also, the need for proper cybersecurity is so high that by 2021, $6 trillion will be spent globally on cybersecurity.
However challenging the field, you must note that it also offers lucrative six-figure incomes. Roles can range from the ethical hacker to security engineer to Chief Security Officer, offering a promising career path for someone who wants to get into and stick with this evergreen trending technology.
We understand ‘Simple’ is a relative term, especially when it involves technology. Still, we hope this article by Nakita Duggal has helped you better understand the technology chatter that seems like it is all around us and at least a “layman’s” level of knowledge about it that allows you to step down from the fog surrounding us technology challenged. Our best to all of you. The American Business Times editor. FR