Top 5 Technology Trends for 2020
Technology is now evolving at such a rapid pace that annual predictions of trends can seem out-of-date before they even go live as a published blog post or article. As technology evolves, it enables even faster change and progress, causing an acceleration of the rate of change, until eventually it will become exponential. Let’s see what is the Top 5 Technology Trends for 2020.
1. Artificial Intelligence (AI)
Artificial Intelligence, or AI, has already received a lot of buzz in recent years, but it continues to be a trend to watch because its effects on how we live, work and play are only in the early stages. In addition, other branches of AI have developed, including Machine Learning, which we will go into below. AI refers to computers systems built to mimic human intelligence and perform tasks such as recognition of images, speech or patterns and decision making. AI can do these tasks faster and more accurately than humans.
Five out of six Americans use AI services in one form or another every day, including navigation apps, streaming services, smartphone personal assistants, ride-sharing apps, home personal assistants, and smart home devices. In addition to consumer use, AI is used to schedule trains, assess business risk, predict maintenance, and improve energy efficiency, among many other money-saving tasks.
AI is one part of what we refer to broadly as automation, and automation is a hot topic because of potential job loss. Experts say automation will eliminate 73 million more jobs by 2030. However, automation is creating jobs as well as eliminating them, especially in the field of AI: Pundits predict that jobs in AI will number 23 million by 2020. Jobs will be created in development, programming, testing, support and maintenance, to name a few. Artificial Intelligence architect is one such job. Some say it will soon rival data scientist in need for skilled professionals. To learn more about potential jobs in AI, read about building a career in AI or why you should earn an AI certification.
2. Machine Learning
Machine Learning is a subset of AI. With Machine Learning, computers are programmed to learn to do something they are not programmed to do: they learn by discovering patterns and insights from data. In general, we have two types of learning, supervised and unsupervised.
While Machine Learning is a subset of AI, we also have subsets within the domain of Machine Learning, including neural networks, natural language processing (NLP), and deep learning. Each of these subsets offers an opportunity for specializing in a career field that will only grow.
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.
In addition to completing countless tasks on our behalf, it is generating jobs. Machine Learning jobs rank among the top emerging jobs on LinkedIn, with almost 2,000 job listings posted. And these jobs pay well: In 2017, the median salary for a machine learning engineer was $106,225. Machine Learning jobs include engineers, developers, researchers, and data scientists.
3. Robotic Process Automation or RPA
Like AI and Machine Learning, Robotic Process Automation, or RPA, is another technology that is automating jobs. RPA is the use of 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. These are not just the menial tasks of a low-paid worker: up to 45 percent of the activities we do can be automated, including the work of financial managers, doctors and CEOs.
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 technology trends, RPA offers plenty of career opportunities, including developer, project manager, business analyst, solution architect and consultant. And these jobs pay well. SimplyHired.com says the average RPA salary is $73,861, but that is the average compiled from salaries for junior-level developers up to senior solution architects, with the top 10 percent earning over $141,000 annually. So, if you’re keen on learning and pursuing a career in RPA, the Introduction to Robotic Process Automation (RPA) course should be the next step you take to kickstart a RPA career.
4. Edge Computing
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.
As the quantity of data we’re dealing with continues to increase, we’ve realized the shortcomings of cloud computing in some situations. Edge computing is designed to help solve some of those problems as a way to bypass the latency caused by cloud computing and getting data to a datacenter for processing. It can exist “on the 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 use of the Internet of Things (IoT) devices increases. By 2022, the global edge computing market is expected to reach $6.72 billion. As with any growing market, this will create various jobs, primarily for software engineers.
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.
Both VR and AR 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.
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.