Be it healthcare, education, finance, or even manufacturing, the post-COVID effect has forced businesses to use technology to re-imagine nearly all facets of their operations. The year 2021 is a gift for many,and it might seem strange to predict the future happenings in the upcoming months.
This New Year would be all about rethinking how far, and safe we have come, where we are already going, and how much we have been moving wrong along the way.
But then, there are plenty of exciting updates on the technologicalside. In today’s fast moving world, technology is evolving at a faster pace and has the ability to foster change and progress. The evolution would cause acceleration in the development, and this would eventually become exponential.
What does this mean for you?
Scroll down to know more about current trends…
Top 5 Technology Trends in the Market
You need to keep an eye on the future trends to know which skills you need to sharpen on to secure your job tomorrow.
With the second wave of Corona heading a way, the outlook for 2021 feels like a long leap. This is how the technological landscape would grow and this is how we as humans need to deal with the change.
Who would have thought a year ago that even financial service providers would opt for Work from Home (WFH) option? This was all possible because of the technology trends. Isn’t it?
Here are the top 5 technology trends that you need to know about in 2021:
- Artificial Intelligence (AI) and Machine Learning
- Robotic Process Automation (RPA)
- Cloud and Edge Computing
- Virtual Reality and Augmented Reality
- Cyber Security
1.Artificial Intelligence (AI) and Machine Learning
Undoubtedly, Artificial Intelligence and Machine Learning the biggest tech trends at the moment and would rule the future. Shocking?
AI is the technology that influences every industry virtually, and each person on the planet. It is the primary driver of growing technologies including
- Big Data
- Internet of Things (IoT)
It is a highlight of the coming future and is going to be the “new normal” in the near future. AI is the core of several procedures including, robotic, automated, and contactless procedures that would shield us from future outbreaks.
The possibilities for wider adoption of AI across industries has been a bit slow than expected, but the executives of the organization have started to understand what this technology could do for their businesses. The operational efficiency coupled with other business capabilities is only going to accelerate the use of AI for automation of processes.
Machine Learning, the subset of AI, would also be deployed across several industries creating a huge demand for skilled professionals.
2. Robotic Process Automation (RPA)
Similar to AI and Machine Learning, Robotic Process Automation is another technology that would automate jobs thereby reducing the need for man power. It is software that automates business processes including:
- Interpretation of applications
- Transaction processing
- Handling of data
- Automated email replies
In recent years, the adoption of RPA tool has soared and the best of pandemic was that business organizations added motivation to automate several mundane tasks around the organization.
Based on a recent research, “it is predicted that within the RPA technology market, nearly 40% of enterprises would create state-of-the-art digital workers. This is made possible by combining Artificial Intelligence and Robotic Process Automation.”
3. Cloud and Edge Computing
Many would have come across cloud computing, but what about edge computing? Edge computing is a distributed computing paradigm that features decentralized processing power, enabling mobile computing and Internet of Things (IoT) technologies. Here, the data is processed by the device itself rather than being transmitted to a data center.
Cloud computing has become mainstream with major players in the market namely, Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. And with pandemic, several organizations have moved their business operations to secure cloud enabling remote working.
But, is cloud an emerging technology? NO!
Edge is the latest emerging technology in the market!
Businesses always store a huge amount of data and with organizations growing continuously; the amount of data they deal with continues to increase. With cloud, organizations experience a few shortcomings and Edge computing has been the answer to these issues.
Edge has the ability to overcome these shortcomings and get the data to datacenter for processing. It processes time-sensitive data that is stored even in remote locations with limited or no connectivity to the centralized system.
4. Virtual Reality and Augmented Reality
By now, you must have been familiarized with the terms Virtual and Augmented Reality technologies. It is the next exceptional technology trend. With AR/VR devices, one can experience personalized, accessible, and well-designed experiences. The key purpose of these reality technologies is to transform and expand the customer experience to a whole-new level.
While the world is steadily approaching 2021, augmented, virtual and extended reality will continue to have an optimal impact on all the industries. With developers working consistently on VR and AR games, 2021 promises for new experience in full-motion video gaming.
AR games combine virtual and real-world elements, whereas VR implies a complete immersion experience that shuts the physical world.
Although, the reality technologies have been primarily used in gaming, now it has started to take different dimensions such as:
- For training purposes in US Navy, Army, and Coast Guard Ships
- To simplify learning experiences of students
- To understand and visualize complex concepts in 3D
- To operate instruments and machines in factories
It isn’t that complex as it looks. With basic programming skills and creative thinking mindset, one can easily specialize in this field of reality technologies and grab a job right away!
5. Cyber Security
When compared to other technologies, cyber security isn’t an emerging technology, but then it has been around for a while and an important one that needs to be focused consistently.
With work-from-home trend prolonging for months together, there is a constant threat and mobile endpoints are the possible attack vector of choice. After shrinking in 2020, the cyber security market budget climbs higher post-pandemic in 2021.
Authentication, cloud data protection, and constant application monitoring are the top 3 priorities in the cyber security budget. As long as there are hackers, cyber security will remain a trending and evolving technology. This is because; we need to defend constantly and save our precious data from those hackers.
As a proof, the number of cyber security jobs is growing exponentially in recent years. Also, the need for proper cyber security is demanding and the global spend on cyber security is expected to be $6 trillion in 2021.
However challenging the field is, the knowledge you gain and the pay you get is really high. At the same time, you get to have a promising career with a steady future. Almost all of these trending technologies welcome skilled professionals who are ready to learn and train themselves.
Sharpen your skills to survive in this competitive world!