July 23, 2020

UPCOMING TECHNOLOGY

UPCOMING TECHNOLOGY IN INDIA 2020

Here are eight technology trends you should watch for in 2020, and some of the jobs that will be created by these trends.

Artificial Intelligence (AI) ...
Machine Learning. ...
Robotic Process Automation or RPA. ...
Edge Computing. ...
Virtual Reality and Augmented Reality. ...
Cybersecurity. ...
Blockchain. ...
Internet of Things (IoT)
and more.....

Top Trending Technology

Technology has become an intrinsic part of life – deeply embedded in how governments, businesses and people work and live. In a new report by Accenture, titled ‘Technology Vision 2020’, the firm’s authors outline fifteen large technology trends and developments that are set to reshape business and society in the coming years.

Technology-based careers don’t change at the same speed, but they do evolve, and the savvy IT professional recognizes that his or her role will not stay the same. And an IT worker of the 21st century will constantly be learning (out of necessity if not desire).

1. Artificial Intelligence (AI)

In computer science, artificial intelligence, sometimes called machine intelligence, is intelligence demonstrated by machines, unlike the natural intelligence displayed by humans and animals.

Artificial intelligence was founded as an academic discipline in 1955, and in the years since has experienced several waves of optimism,followed by disappointment and the loss of funding (known as an "AI winter"), followed by new approaches, success and renewed funding. For most of its history, AI research has been divided into sub-fields that often fail to communicate with each other.^[15] These sub-fields are based on technical considerations, such as particular goals (e.g. "robotics" or "machine learning"),the use of particular tools ("logic" or artificial neural networks), or deep philosophical differences. Sub-fields have also been based on social factors (particular institutions or the work of particular researchers).

Machine Learning is rapidly being deployed in all kinds of industries, creating a huge demand for skilled professionals. The Machine Learning market is expected to grow to $8.81 billion by 2022. Machine Learning applications are used for data analytics, data mining, and pattern recognition. On the consumer end, Machine Learning powers web search results, real-time ads, and network intrusion detection, to name only a few of the many tasks it can do.

2. Machine Learning

Machine learning is the study of computer algorithms that improve automatically through experience. It is seen as a subset of artificial intelligence.

3. Robotic Process Automation or RPA

Robotic process automation is a form of business process automation technology based on metaphorical software robots or on artificial intelligence /digital workers. It is sometimes referred to as software robotics

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.

Below we outline 8 of the most common back-office processes that are suitable for RPA:

Invoice Processing. ...
Sales Orders. ...
Accounting Reconciliation. ...
ERP Data Entry. ...
Systems Queries. ...
Payroll. ...
Employee On-boarding. ...
User Termination.

4. Edge Computing

In simpler terms, edge computing means running fewer processes in the cloud and moving those processes to local places, such as on a user's computer, an IoT device, or an edge server.

Formerly a technology trend to watch, cloud computing has become mainstream, with major players AWS (Amazon Web Services), Microsoft Azure and Google Cloud dominating the market. The adoption of cloud computing is still growing, as more and more businesses migrate to a cloud solution. But it’s no longer the emerging technology.

5. Virtual Reality and Augmented Reality

Virtual Reality (VR) immerses the user in an environment while Augment Reality (AR) enhances their environment. Although VR has primarily been used for gaming thus far, it has also been used for training, as with VirtualShip, a simulation software used to train U.S. Navy, Army, and Coast Guard ship captains. The popular Pokemon Go is an example of AR.

There are major players in the VR market, like Google, Samsung, and Oculus, but plenty of startups are forming and they will be hiring, and the demand for professionals with VR and AR skills will only increase. Getting started in VR doesn’t require a lot of specialized knowledge. Basic programming skills and a forward-thinking mindset can land a job, although other employers will be looking for optics as a skill-set and hardware engineers as well.

6. Cybersecurity

Computer security, cybersecurity or information technology security is the protection of computer systems and networks from the theft of or damage to their hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.

Cybersecurity might not seem like emerging technology, given that it has been around for a while, but it is evolving just as other technologies are. That’s 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’s also in part because new technology is being adapted to enhance security. As long as we have hackers, we will have cyber security as an emerging technology because it will constantly evolve to defend against those hackers.

7. Blockchain

Blockchain.com is a Bitcoin block explorer service, as well as a cryptocurrency wallet and a cryptocurrency exchange supporting Bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information.

Several industries are involving and implementing blockchain, and as the use of blockchain technology increases, so too does the demand for skilled professionals. In that regard, we are already behind. According to Techcrunch.com, blockchain-related jobs are the second-fastest growing category of jobs, with 14 job openings for every one blockchain developer. A blockchain developer specializes in developing and implementing architecture and solutions using blockchain technology. The average yearly salary of a blockchain developer is $130,000. If you are intrigued by Blockchain and its applications and want to make your career in this fast-growing industry, then this is the right time to learn Blockchain and gear up for an exciting future.

8. Internet of Things (IoT)

In short, the Internet of Things refers to the rapidly growing network of connected objects that are able to collect and exchange data using embedded sensors. Thermostats, cars, lights, refrigerators, and more appliances can all be connected to the IoT.

As consumers, we’re already using and benefitting from IoT. We can lock our doors remotely if we forget to when we leave for work and preheat our ovens on our way home from work, all while tracking our fitness on our Fitbits and hailing a ride with Lyft. But businesses also have much to gain now and in the near future. 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 haven’t even imagined yet.

However, despite this boon in the development and adoption of IoT, experts say not enough IT professionals are getting trained for IoT jobs. An article at ITProToday says we’ll need 200,000 more IT workers that aren’t yet in the pipeline, and that a survey of engineers found 25.7 percent believe inadequate skill levels to be the industry’s biggest obstacle to growth. For someone interested in a career in IoT, that means easy entry into the field if you’re motivated, with a range of options for getting started. Skills needed include IoT security, cloud computing knowledge, data analytics, automation, understanding of embedded systems, device knowledge, to name only a few. After all, it’s the Internet of Things, and those things are many and varied, meaning the skills needed are as well.

So, What's Next?

Although technologies are emerging and evolving all around us, these eight technologies offer promising career potential now and for the foreseeable future. And all eight are suffering from a shortage of skilled workers, meaning the time is right for you to choose one, get trained, and get on board at the early stages of the technology, positioning you for success now and in the future.

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