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TOP TECHNOLOGY TRENDS
AND RELATED JOBS

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Top Technology Trends for 2019
Technology is evolving at a rapid pace. Several strategic technologies are emerging
which have the potential to drive significant disruption and create new opportunities
over the next five years.
These technologies will also create a demand for specialised skills as businesses try
to implement and take advantage of the opportunity.
As an IT professional, you need to know what skills will be in demand and how you
can best upskill yourself to qualify for the jobs available.

3.
8 TECHNOLOGY TRENDS AND
DEMAND FOR SKILLS

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Artificial Intelligence
There is a lot of buzz around Artificial Intelligence or AI and we are now seeing it in
our day to day life in multiple ways. Today, we see several consumer use cases such
as self-driving cars, smart home devices, chatbots, ride sharing apps to commercial
use cases such as fraud detection, personalised product recommendations.
However, AI has been in the news also for the wrong reason – potential of job loss.
According to a report from World Economic Forum, machine and algorithms will
eliminate 75 million jobs by 2022. The jobs under threat are primarily based on the
level of routine a job has and the specialised training and social intelligence required
to complete it. Jobs such as receptionists, proofreaders, accounting might be
threatened.
On the other hand, 133 million new roles will be created primarily in data science,
development, and programming.

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Machine Learning
Machine Learning is essentially a subset of AI. Machine Learning algorithms use a
subset of training data to enable computers to learn to do something they are not
programmed to do.
Deep Learning is also a part of a broader family of machine learning methods based
on artificial neural networks. Many areas of AI such as computer vision, autonomous
vehicles are powered by deep learning.
Machine Learning is also creating jobs in a big way. It ranks among the top emerging
jobs on LinkedIn. The average salary for Machine Learning engineers is $142,858.

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Robotic Process Automation or RPA is another technology associated with automating
jobs. It is used to automate business processes involving high-volume, repeatable
tasks such as interpreting applications, processing transactions, employee
onboarding.
As per Gartner Research, Global RPA software spending is expected to reach $2.4
billion in 2022. Also, by the end of year 2022, 80% of the large and very large
organisations will have deployed RPA in any form.
A big fear with RPA is that it will replace millions of jobs. RPA also offers plenty of
career opportunities with more than 210,000 total RPA talent base. Tools such as
UiPath, Automation Anywhere, and Blue Prism are popular RPA platforms.
Robotic Process Automation or RPA

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Blockchain
As a Distributed Ledger Technology, Blockchain has gained immense popularity,
majorly due to cryptocurrencies such as Bitcoin. A Blockchain is a time-stamped
series of immutable record of data that is managed by clusters of computers not
owned by any single entity.
In addition to being a distributed ledger for Cryptocurrency, blockchain can be used
for smart contracts, payments and money transfers, digital identity, asset
management, etc.
As the applications of blockchain increases, so will the demand for skilled
professionals. Glassdoor, a jobs review site, found that demand for blockchain-related
jobs this year increased by 300 percent as compared to last year.
According to online jobs site Hired, the average salary for blockchain developers is
between $150,000 and $175,000.

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Edge Computing
With the proliferation of connected devices, the need for real-time decision making is
increasing such that it is unaffected by cloud competing’s latency and connectivity
issues. This movement of computational capacity from cloud closer to the source of
information or the edge is referred to as Edge Computing.
The Edge Computing market is expected to be worth $28.84 billion by 2025,
according to Grandview Research. It presents several opportunities in industries such
as travel and transportation, retail, healthcare, energy and materials.
This will translate into demand for software engineers with edge computing skills.

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Virtual Reality and Augmented Reality
Immersive technologies such as Virtual Reality and Augmented Reality is going to
change how users interact with their world. Virtual Reality immerses the user in an
environment, while Augmented Reality enhances their environment.
The global augmented and virtual reality market is expected to reach $814.7 billion by
2025, at a CAGR of 63.01% between 2019 and 2025. The growth is expected to come
from entertainment and media, gaming, healthcare, aerospace and defense,
manufacturing, retail and education industries.
Demand for job candidates with VR knowledge is up 37% over last year, according to
Road to VR. There is also a massive 93% increase in AR and VR game specialists.
Software specialists with experience designing and developing with 3D modeling
software, programming experience with C/C++ game development or graphics
programming are in demand.

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Cyber Security
While the need for Cyber Security has been around for a while, the sophistication with
which hackers operate has increased significantly. Therefore, Cyber Security needs to
continuously evolve to defect against those hackers.
The growing threat of cyber attacks and tightening of privacy laws particularly
regulatory requirements such as GDPR is driving growth in this market.
With a global cyber security staffing shortage of 3 million and growing, cyber security
jobs are going to be in plentiful supply in 2019. According to a Hays report, upto 60
percent of employers hiring full-time security and cloud infrastructure personnel in the
last 12 months found it challenging.
Cybersecurity offers a promising career path for someone who wants to get in this
domain.

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Internet of Things
Internet of Things or IoT is an ecosystem of connected physical objects – machines,
vehicles, home appliances, and more – that uses sensors and APIs to connect and
exchange data over internet. There are about 7 billion internet-connected devices
now according to data from IoT analytics.
As consumers, we are already seeing IoT in the form of smart homes, smart watches,
and fitness trackers. Businesses are also finding applications of IoT in the form for
freight management, intelligent manufacturing or smart buildings.
According to research by Immersat Research Programme, 47 percent say they lack
IoT skills altogether. Skills that are required in IoT include cloud computing,
understanding of embedded systems, knowledge about connected devices, data
analytics and IoT security.

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Conclusion
As technologies are emerging and evolving, there are 8 technology areas that are
going to experience high growth and demand for skilled workers with the technology
knowhow.
These 8 areas are suffering from a scarcity of talent and the time is right for you to get
trained on the technologies and position yourself for success.