- Machine Learning:
Machine learning (ML) is the study of computer algorithms that improve automatically through experience. It is seen as a subset of artificial intelligence. Machine learning is an exciting branch of Artificial Intelligence and continues to be one of the new technology trends. With the aid of machine learning, computers will be programmed to learn to do which they are not programmed to do so. Due to the new computing mechanization, the machine learning program has changed a lot, which means it is not the same as it was in the past. Machine learning practices are used for data mining, data analytics, and pattern recognition. Machine Learning is already being deployed in many different industries thus creating demand for skilled professionals. Every big company and organization is focusing on improving the customer experience and modernizing their business actions by using AI. The machine learning business is looking forward to enlarging to $9 billion by 2022. With AI spreading across sectors new jobs will be created and it is predicted that Machine Learning and Artificial Intelligence will create almost 10 percent of new jobs by 2025 in USA.
- Data Science:
Data Science has become a revolutionary technology that everyone seems to talk about. Data science is about extracting, analyzing, visualizing, managing and storing data and requires the usage of both structured and unstructured data. Data scientists must have the skills and proficient training to help conquer important goals that are possible or essential for a great deal with more time and energy. Data Science is growing rapidly and transforming many companies across the globe. Kaspersky a leading cyber security company is applying data science and machine learning to look for 300,000+ samples of malware on a regular basis. Data Science is in great demand and predicted create 12 million jobs by 2026. It is also one of the highest paying jobs with an average salary of $125,000 per annum.
Data scientists often come from many different educational and work experience backgrounds, most should be strong in, or in an ideal case be experts in four fundamental areas. In no particular order of priority or importance, these are:
Mathematics (includes statistics and probability)
Computer science (e.g., software/data architecture and engineering)
Communication (both written and verbal)
- Robotics Process Automation
Robotic process automation is gaining a lot of traction and being adopted and implemented in businesses of every industry. Robotic Process Automation allows an individual to arrange computer software or robot to copy and incorporate the actions of the human relating with digital systems to develop a business process. RPA uses structured inputs and logic, As an IT Professional who is looking to make a career in RPA it offers plenty of opportunities like Business analyst, solution architect, project manager, development and consultant. The average salary of an Robotic Process Automation professional ranges from $ 130,000 - $170, 000.
- Edge Computing
Edge computing is a distributed, open IT architecture that features decentralized processing power which enables mobile computing and Internet of Things (IoT) technologies. In edge computing the data is processed by the device itself or by a local computer or server, rather than being transmitted to data Centre. The upcoming fastest network which happens to be 5G is allowing edge computing systems to advance the forming of real time supplications like analytics, artificial intelligence robotics and self-driven cars. Edge computing offers high speed, reduced latency and better reliability which allows quicker processing and content delivery. It is predicted that the edge markets is headed for strong growth over the next few years. The global revenue for edge devices and networks deployed for AI will reach $828 billion by 2025.
- Quantum computing:
Quantum computing is the use of quantum phenomena such as superposition and entanglement to perform computation. Quantum computers perform calculations based on the probability of an object's state before it is measured - instead of just 1s or 0s - which means they have the potential to process exponentially more data compared to classical computers. Quantum computer are reinventing aspects of cyber security through their ability to break codes and encrypt electronic communications. Tech giants like Microsoft, Google, Intel, Alibaba and IBM are exploring quantum computing for better cyber security. The quantum computing market is expected to reach $2.2 billion by 2026.
- Virtual Reality and Augmented reality:
Virtual Reality is defined as the use of computer technology to create a simulated environment and Augmented reality is defined as enhanced version of reality created by the use of technology to add digital information on an image. Virtual reality and augmented reality bridge the digital and physical worlds. They allow us to take in information and content visually, in the same way you take in the world. Virtual reality is widely used for gaming purposes; however the military sector which has always been at the forefront of using emerging technologies is adapting virtual reality for training purposes and combat enhancements. Virtual reality has huge potential in gaming, entertainment, marketing, training and education industry. The global VR and AR market was $11 billion in 2017 and expected to reach $571 billion by 2025. Getting started in VR and AR doesn’t require any specialized knowledge, basic programming skills should suffice to help you get a job in this sector.
Blockchain, which began to emerge as a real-world tech option in 2016 and 2017, is poised to change IT in much the same way open-source software did a quarter century ago. It is based on peer-to-peer (P2P) topology, blockchain is a distributed ledger technology (DLT) that allows data to be stored globally on thousands of servers – while letting anyone on the network see everyone else's entries in near real-time. That makes it difficult for one user to gain control of, or game, the network.
Many industries are implementing blockchain, and as the use of blockchain technology increases, so does the demand for skilled professionals. Block chain developer specializes in developing and implementing architecture and solutions using block chain technology. Driven mainly by financial technology (fintech) investments, blockchain has seen a fast uptick in adoption for application development and pilot tests in a number of industries and will generate more than $10.6 billion in revenue by 2023. The average salary ranges from $130,000 - $150,000 per annum.
- Internet of things (IoT):
The Internet of Things (IoT) describes the network of physical objects—“things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. These devices range from ordinary household objects to sophisticated industrial tools. With more than 7 billion connected IoT devices today, experts are expecting this number to grow to 10 billion by 2020 and 23 billion by 2025. As consumers we are already using IoT in our daily lives like controlling thermostat to turning up the volume on the TV to dimming the lights and more, soon practically every device will be connected for streamlined control. Smart cities are on the rise, and IoT developers are devising ways to use the IoT to monitor city conditions such as traffic, air quality, electric/water usage, and environmental factors. Doing so can assist city planners as well as residents to come up with solutions to current issues and conserve resources.
5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G runs on the same radio frequencies that are currently being used for smartphones, on Wi-Fi networks and in satellite communications, but it enables technology to go a lot further. The 5G technology is growing faster than initially thought and more businesses and individuals, will have access to it in less time than we imagined.5G services are expected to launch in 2021 globally. The global 5G services market is expected to grow at a compound annual growth rate of 43.9% from 2021 to 2027 to reach USD 414.5 billion by 2027.
- Cyber Security:
Cyber-crime is on the rise, and many small scale businesses are extremely vulnerable as a result of ineffective cyber security. Cyber-attacks threaten organizations, customers and employees. Cyber security solutions protects your business, protects personal information, productivity, denies spyware, prevents adware and stop websites from going down. As long as we have hackers around us, the need for cyber security professionals rises and the number of cyber security jobs is growing three times faster than any other tech job. It is estimated that $6 trillion will be spent globally on cybersecurity.
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