Keeping up with the latest technologies makes you aware of what will be in store for us in the future. That includes trending jobs, businesses, and skills. As we already all know, technology can dictate the course economy will take. Below are the latest technologies that are on the rise in 2020:
1. Artificial intelligence
Artificial intelligence refers to a computer system designed to mimic human intelligence, allowing them to perform various tasks such as speech recognition, problem-solving, decision-making.
In the past, artificial intelligence became word of mouth, as it revolutionized the standard way of living. But you can expect it to thrive continuously in the years to come. Artificial intelligence plays a crucial role both in consumers and businesses.
It is widely used in the corporate world, mainly for assessing business threats, updating files, detecting frauds, and customer service. On the consumers’ end, five out of six Americans rely on artificial intelligence almost every day in terms of using navigation maps, ride-sharing, and home care assistants.
On the downside, artificial intelligence can be a considerable threat to the workforce because they can do jobs faster and better than humans. Companies may rely on artificial intelligence for job completion. If that happens, we can expect it to eliminate 73 million jobs by 2030. That is based on the opinions of experts.
Meanwhile, artificial intelligence will need more manpower in web development, programming, data analysis, and maintenance in the near future.
2. Machine Learning Technology
As the subset of artificial intelligence, Machine learning is capable of learning and improving over time through experience even without regular programming. Its primary purpose is to develop computer software that assesses data collection and analysis. You can compare it to an employee that grows in their profession even without supervision.
Machine Learning also has subsets that include (NLP) or Natural Language Processing deep learning and neural works. These are useful in business in terms of doing clerical jobs. They can accurately collect data, analyze problems, and finalize information.
In 2022, it is expected to grow to 8.81 billion dollars in the market. It’s no wonder why it’s currently among the top-ranking jobs on LinkedIn.
3. Robotic Process Automation
Robotic Process Automation involves automatic data analysis, automated email, and e-payment. The simpler definition of Robotic Process Automation is a technology designed to automate jobs, making the business execution process easier and faster.
5% of jobs can be automated, while 60% can be partially automated, experts say. That sounds promising, but on the negative side, it can be a threat to almost 230 million jobs.
The careers that will continue to thrive in the Robotic Process Automation period still include IT professionals such as web developers, solution architects, business analysts, and software engineers.
4. Edge computing
Created in the late 1990s, Edge Computing was designed to deliver web content and videos from edge servers to customers’ ends, until it evolved into hosting applications, resulting in many edge computing services related to shopping carts, dynamic ad insertion engines, and business locators.
Edge Computing brings information to the server closest to the location. That’s the reason why it is particularly useful in delivering data to remote areas with limited access to the Internet. They act like mini centers that allow data processing from local places such as IoT devices and desktops rather than centralized servers.
5. Virtual Reality and Augmented Reality
Virtual and Augmented Reality work hand in hand. The former being used for creating a simulated environment that a person can interact within a seemingly real or physical way. In contrast, the latter is used for enhancing the environment.
Virtual Reality is intended to improve the gaming experience. But recently, it has grown in popularity in various industries such as education, entertainment, rehabilitation, and marketing due to its enormous potential. It helps people understand complex concepts and process information in seemingly realistic scenarios, allowing them to come up with innovative solutions.
6. Internet of things (IoT)
IoT refers to devices that are reliant on the Internet to function. That includes smartphones, tablets, laptops, desktops, appliances, and cars. We can expect the rise of various IoT devices in the future, as many things continue to be built on the Internet,
Today, IoT continues to make lives more comfortable and convenient. For once, it allows us to have access to information anytime, communicate with people without being physically present, and track real-time business and personal matters in real-time. The opportunities and benefits it offers can be endless.
Change is the only thing constant, but one is for sure: Technology will continue to evolve and develop. And that will have a significant impact both on our personal and professional affairs.
