Technology is rapidly evolving today, allowing for faster change and progress and thereby accelerating the rate of change. However, it is not just technology trends and developing technologies that are changing; much more has changed this year as a result of the outbreak of COVID-19, which has made IT professionals recognise that their job in the contactless world of tomorrow will not be the same. In 2021-22, an IT professional will be constantly learning, unlearning, and relearning (out of necessity if not desire).
- Artificial Intelligence and Machine Learning
- Robotic Process Automation (RPA)
- Edge Computing
- Quantum Computing
- Virtual Reality and Augmented Reality
- Internet of Things (IoT)
- Cyber Security
1. Artificial Intelligence (AI) and Machine Learning
Artificial Intelligence, or AI, has generated a lot of hype over the last decade, but it remains one of the hottest new technological trends because of its significant impacts on how we live, work, and play. AI is already well-known for its supremacy in picture and speech recognition, navigation apps, smartphone personal assistants, ride-sharing apps, and a wide range of other applications.
Aside from that, AI will be used to analyse interactions in order to uncover underlying connections and insights, to predict demand for services such as hospitals, allowing authorities to make better resource allocation decisions, and to detect changing patterns of customer behaviour by analysing data in near real-time, resulting in increased revenues and personalised experiences.
By 2025, the AI market will be worth $190 billion, with global spending on cognitive and AI systems exceeding $57 billion in 2022. New opportunities will be created in development, programming, testing, support, and maintenance, to mention a few, as AI spreads across sectors. AI, on the other hand, pays some of the highest incomes today, with rates ranging from over $1,25,000 per year (machine learning engineer) to $145,000 per year (AI architect), making it the top new technology trend to keep an eye on.
Machine Learning, a subset of AI, is being used in a wide range of businesses, resulting in a high demand for qualified workers.
2. Robotic Process Automation (RPA)
Robotic Process Automation, or RPA, is a technology that, like AI and Machine Learning, automates jobs. RPA is the use of software to automate business operations such as application interpretation, transaction processing, data management, and even email response. RPA automates tasks that formerly required human intervention.
RPA automation, according to Forrester Research, will threaten the careers of 230 million or more knowledge workers, or around 9% of the global population. However, RPA is also creating new jobs while changing old ones. According to McKinsey, only around 5% of vocations can be completely automated, but roughly 60% can be somewhat automated.
RPA offers a variety of employment prospects for IT professionals looking to the future and seeking to comprehend the latest technology developments, including developer, project manager, business analyst, solution architect, and consultant. And they are well-paying positions. RPA developers can earn more than $534K per year, making it the next technology trend to keep an eye on.
3. Edge Computing
Cloud computing, which was once a cutting-edge technology trend to keep an eye on, has now become mainstream, with major players such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform dominating the industry. As more businesses transition to a cloud solution, cloud computing use continues to rise. However, it is no longer a new technical trend. It’s called the edge.
Organizations have recognised the limitations of cloud computing in various cases as the volume of data they deal with continues to grow. Edge computing is intended to address some of these issues by avoiding the latency imposed by cloud computing and delivering data to a data centre for processing.
Edge computing will become more prevalent as the number of Internet of Things (IoT) devices grows. The global market for edge computing is anticipated to reach $6.72 billion by 2022. And this new technological trend will only continue to spread, producing a variety of professions, particularly for software engineers.
Keeping up with cloud computing (which includes new-age edge and quantum computing) will help you land fantastic employment such as:
Cloud Architect and Security Architect
4. Quantum Computing
Quantum computing, a type of computing that takes advantage of quantum phenomena like superposition and quantum entanglement, is the next notable technology trend. Because of its ability to readily query, monitor, analyse, and act on data from any source, this fantastic technology trend is also involved in avoiding the spread of the coronavirus and developing viable vaccines. Banking and finance is another industry where quantum computing is being used to control credit risk, high-frequency trading, and fraud detection.
Quantum computers are currently many times faster than ordinary computers, and major companies such as Splunk, Honeywell, Microsoft, AWS, Google, and others are working on quantum computing advances.
5. Virtual Reality and Augmented Reality
Virtual Reality (VR), Augmented Reality (AR), and Extended Reality (ER) are the next great technological trends (ER). AR enriches the user’s environment while VR immerses them in it. Although this technology trend has mostly been utilised for gaming, it has also been used for training, such as with VirtualShip, a simulation software used to train ship captains in the United States Navy, Army, and Coast Guard.
We may expect these kind of technologies to become much more embedded into our lives by 2022. AR and VR have huge potential in training, entertainment, education, marketing, and even injury rehabilitation. They usually function in unison with some of the other developing technologies we’ve covered in this list.
Both may be used to teach surgeons how to perform surgery, provide museum visitors a more immersive experience, improve theme parks, or even improve marketing, as in the case of this Pepsi Max bus shelter.
In 2019, 14 million augmented reality and virtual reality gadgets were sold. By 2022, the global AR and VR industry is predicted to reach $209.2 billion, resulting in more possibilities in the trending technology and more experts prepared to enter this game-changing field.
While some employers may look for optics as a skill set, keep in mind that getting started in VR doesn’t require a lot of specialised knowledge – basic programming skills and a forward-thinking mindset can land you a job, which is yet another reason why this new technology trend should be on your radar!
Although most people associate blockchain technology with cryptocurrencies like Bitcoin, it also provides security in a variety of other ways. In its most basic form, blockchain is data that you can only add to, not subtract from, or change. Because you’re creating a data chain, the term “chain” was coined. The fact that prior blocks cannot be changed is what makes it so secure. Furthermore, because blockchains are consensus-based, no single party can control the data. You don’t need a trustworthy third-party to oversee or validate transactions with blockchain.
Several industries are involving and using blockchain technology, and as the demand for trained workers grows, so does the demand for blockchain technology.
From the perspective of a bird’s eye view, a blockchain developer specialises in creating and executing blockchain-based architecture and solutions. A blockchain developer’s average annual compensation is $469,000.
If you’re interested in Blockchain and its applications and want to pursue a career in this rapidly growing technology, now is the time to get started. You’ll need hands-on experience with programming languages, OOPS concepts, flat and relational databases, data structures, web app development, and networking to get into Blockchain.
7. Internet of Things (IoT)
IoT is another exciting new technology trend. Many “things” now include WiFi connectivity, allowing them to connect to the Internet—and to one another. As a result, the Internet of Things, or IoT, was born. The Internet of Things (IoT) is the wave of the future, and it has already enabled devices, home appliances, cars, and much more to connect to the Internet and exchange data.
We’re already using and benefiting from IoT as consumers. We can lock our doors remotely if we fail to do so before leaving for work, and we can preheat our ovens on our way home from work, all while keeping track of our fitness with Fitbits.
Businesses, on the other hand, have a lot to gain right now and in the near future. As data is collected and processed, the IoT can help organisations improve their safety, efficiency, and decision-making. It has the potential to enable predictive maintenance, improve medical treatment, and provide benefits we haven’t even considered.
And we’re only getting started with this new technology trend: According to projections, about 50 billion IoT devices will be in use throughout the world by 2030, resulting in a huge web of interconnected gadgets ranging from smartphones to kitchen appliances. In 2022, global Internet of Things (IoT) spending is expected to exceed 1.1 trillion dollars.