Blockchain is also referred to as Distributed Ledger Technology (DLT). It is a distributed database of records of all transactions or digital events that have been shared among participating parties. Every user verifying that the database is accurate and preventing unauthorized transactions from being completed. If you have valuable data to protect, blockchain might be the key to ensure its integrity.
Blockchain is the tech behind the bitcoins and in future it is going to deliver more than just the cryptocurrencies. World is seeing a widespread adoption of blockchain for transactions as it removes the need for an intermediary and improved security. There are few organizations like Axon Enterprises, Darpa are currently working on a number of blockchain applications.
The blockchain market is expected to grow from 3 billion dollars in 2020 to 40 billion dollars by 2025. To be an expert in blockchain you need to be experienced with programming languages, the fundamentals of oops, relational database, data structure, web app development and networking.
2. Quantum Computing
It is a form of computing that takes advantage of quantum phenomena like superposition and quantum entanglement. It is also involved in preventing the spread of Coronavirus and developing potential vaccines. It can easily query, monitor, analyze and act on data regardless of the source.
Both the classical computers and quantum computers solves the problem for us. The only difference is, how they manipulate the data. In classical computing, computer chips uses bits, that can be off or on, corresponding to the states 0 and 1. In quantum computing these terms are electrons, 0 and 1 simply correspond to states like the lower and upper energy levels.
For high-frequency trading and fraud detection, quantum computers are now thousands of times faster than regular computers. Companies like AWS, Google, Microsoft, and many more are making innovations in the field of quantum computing. The revenues are projected to surpass 2.5 billion dollars by 2030. To get into quantum computing you need to have experience with quantum mechanics linear algebra probability information theory and machine learning.
It is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. It is meant to deliver ultra low-latency, more reliability, network capacity, and a comfortable experience to users.
3G & 4G made our life very easy and have enabled us to browse the internet, use data-driven services, increase bandwidth for streaming on online audio and video platforms. In the same way, 5G is going to revolutionize our lives by enabling services that rely on advanced technologies like AR and VR. It is expected to be used for traffic management, smart grid control.
All the major tele mobile companies now working on creating 5g applications. 5g services are expected to launch worldwide in 2021 with more than 50 operators offering services in about 30 countries by the end of 2021.
4. Internet Of Things
The Internet of Things (IoT) refers to a system of internet-connected objects that are able to collect and share data over a wireless network. IoT may evolve into the intelligence of things as more and more devices become AI-enabled. IoT enabled devices can have applications like clinical decision-making, thermal image recognition, surgical assistance, smart clinics, and telemedicine centers.
Companies like Huawei, Cisco are currently working on making all new IoT applications. It is expected that there will be 35 billion IoT devices installed worldwide by 2021 and 75.44 billion by 2025. You need to learn about Information Security, AI, and machine learning.
5. Cyber Security
Whenever you talk about Cyber Security, the first thing that comes into your mind is Hollywood movies, hacking, bad guys. Well! that is not true. cybersecurity is a field for talented personalities. In this profile, you have to think like a hacker and protect the system like an ethical hacker. The best part to start your career in the cybersecurity field is you do not need to have a degree.
If you are a cybersecurity professional, you need to be very good at your work. You have to secure the entire organization’s system from cyber attacks. According to cybercrime magazine, it is expected that by 2021 6 trillion dollars will be spent globally on cybersecurity. To get started with cybersecurity you’ll need skills like IT and network fundamentals, coding skills, cloud, security, ethical hacking certified.
6. Augmented (AR), Virtual(VR) And Extended Reality(XR)
We can expect these forms of technologies to be further integrated into our lives usually working in tandem with some of the other technologies. AR is a live, direct or indirect view of a physical, real-world environment whose elements are augmented by computer-generated sensory input such as sound, video, or GPS data. Mobile and tablets are the most popular mediums of AR now, through the camera, the apps put an overlay of digital content into the environment.
VR is a mind-boggling experience also called computer simulation reality. It’s like looking at something in front of your eyes like the real world but it is not there. Amazing right, I mean who would have thought this would be possible one day. But I really enjoy this. VR is expected to play a huge role in the field of healthcare by providing training simulations to help medical professionals.
XR is something which is new and recently added to the world of the technology. XR refers to all real-and-virtual combined environments and human-machine interactions generated by computer technology and wearables. It is descriptive forms like AR, VR, and MR. In the coming times we will be talking more about XR.
In 2021 respectively Microsoft, AT&T, and Nexus are some of the major companies working towards AR & VR. You need skills like software development, AR VR maintenance support design, graphics and hardware engineering.
7. DARQ Technology
This is the next big wave of digital transformation, which may change the world and it will. Distributed Ledger technology (D). Artificial Intelligence (AI), Extended Reality (R), and Quantum Computing (Q). In the post-digital era, DARQ becomes the new SMAC (Social, Mobile, Analytics, Cloud). Individually these technologies are already making waves of transformation across industries today. DARQ will let the digital disruptors reimagine their businesses and lead the pack in the post digital era. This means beginning the journey today.
Accenture who introduced DARQ beliefs that these technologies combined could have an enormous impact on technology as a whole. DARQ is now primarily geared towards the healthcare industry where it is expected to lower the cost of care improve labor productivity and enable better experiences for consumers.
You’ll need skills related to each of its contributing technologies like AI, XR and quantum computing.
Aas is an acronym for as-a-service. AaS can mean just about anything delivered by subscription or even just a plain old outsourced service, whether the cloud is involved or not. Some -AaS models are an industry category and some are proprietary to a single company. It’s enough to drive an IT pro mad trying to keep up.
As a service cloud services are expected to provide even more services that make the technology like AI and robotics accessible to every business thanks to companies like Google, Microsoft, Amazon a number of startups and innovators cutting-edge technology is accessible to everyone with little investment. It provides users the opportunity to work on the core product without operating and managing the servers. Hybrid cloud is also expected to show great growth thanks to its speed ease of control and security options.
Iaas, Paas, and Saas market size is supposed to grow to 81 billion dollars 72 billion dollars, and 140.6 billion us dollars respectively. To get into cloud computing you’ll need to have an understanding of the concepts like different cloud computing platforms programming languages specialize on services belonging to compute storage database domains and so on.
With an increasing number of potential cases, initiatives towards self-driving vehicles would be a priority for civic authorities and many other organizations across the world. This ensures that the cost of human labor is reduced and handles customer demand. There would also be an increase in the incorporation of robots in the care and assisted living sectors.
Robotic devices are also expected to provide companionship to elderly people. Drones are also expected to be incorporated for the delivery of medicine, groceries, and other essential goods. Some of the popular companies in the field of automation are Siemens, Honeywell, and Mitsubishi. To get into Automation you will need skills like programming skills and scripting skills. Configuration management software, an understanding of testing tools and so on.
10. Artificial Intelligence
AI is a field that’s expected to see the most amount of growth in the coming years. AI can help interpret and understand the enormous amount of content produced. Machine learning algorithm would become better informed and perform much more sophisticated operations. It is expected to be used to analyze interactions to determine underlying connections and insights to help predict demand for services like hospitals and enable authorities to make better decisions about resource utilization.
AI will be used by businesses to detect the changing patterns of customer behavior and for detecting the various ways. They can be satisfied global. Global spending on cognitive and AI systems is expected to reach 58 billion dollars by 2021 and to get into AI you will need skills like programming languages, linear algebra, probability, big data, machine learning algorithm.