Technologies that have catapulted the Job Market in India
As technology evolves, it triggers faster change and progress, causing the acceleration to eventually become exponential.
However, technology-based careers don’t change at that same speed, but they do evolve, and the savvy IT professional recognizes that his or her role will not stay the same. The IT worker of the 21st century will constantly be learning, out of necessity if not desire.
Artificial Intelligence, or AI, has already received a lot of buzz in recent years, but it continues to be a trend to watch because its effects on how we live, work and play are only in the early stages. In addition, other branches of AI have developed, including Machine Learning, which we will go into below. AI is one part of what we refer to broadly as automation, and automation is a hot topic because of potential job loss. Experts say automation will eliminate 73 million more jobs by 2030. However, automation is creating jobs as well as eliminating them, especially in the field of AI: Pundits predict that jobs in AI will number 23 million by 2020. Jobs will be created in development, programming, testing, support, and maintenance, to name a few.
Artificial Intelligence architect is one such job. Some say it will soon rival data scientist in need for skilled professionals.
While Machine Learning is a subset of AI, we also have subsets within the domain of Machine Learning, including neural networks, natural language processing (NLP), and deep learning. Each of these subsets offers an opportunity for specializing in a career field that will only grow.
Machine Learning is rapidly being deployed in all kinds of industries, creating a huge demand for skilled professionals. The Machine Learning market is expected to grow to USD 8.81 billion by 2022. Machine Learning applications are used for data analytics, data mining and pattern recognition. On the consumer end, Machine Learning powers web search results, real-time ads, and network intrusion detection, to name only a few of the many tasks it can do.
Robotics Process Automation
Like AI and Machine Learning, Robotic Process Automation, or RPA, is another technology that is automating jobs. RPA is the use of software to automate business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails. RPA automates repetitive tasks that people used to do. These are not just the menial tasks of a low-paid worker: up to 45 percent of the activities we do can be automated, including the work of financial managers, doctors, and CEOs.
Although most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, blockchain offers security that is useful in many other ways. In the simplest of terms, blockchain can be described as data you can only add to, not take away from or change. Hence the term ‘chain’ because you’re making a chain of data. Not being able to change the previous blocks is what makes it so secure.
Formerly a technology trend to watch, cloud computing has become mainstream, with major players AWS (Amazon Web Services), Microsoft Azure and Google Cloud dominating the market. The adoption of cloud computing is still growing, as more and more businesses migrate to a cloud solution. But it’s no longer the emerging technology. Edge is. Move over, cloud computing, and make way for the edge.