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Here are seven technology trends you should watch for in 2020, and some of the jobs that will be created by these trends

Technology is currently developing at such a fast pace that annual predictions of trends seem outdated. As technology develops, it allows for more rapid change and progress. Here are seven technology trends you should follow in 2020, and they will create some of the jobs.

here-are-seven-technology-trends-you-should-watch-for-in-2020

#1: Artificial Intelligence (AI)

Artificial Intelligence (AI) has received a lot of buzz in recent years and is a trend to watch because of its effects on our lives. Besides, other branches of AI have evolved, including Machine Learning. With Machine Learning, computers are programmed to learn to do something they are not programmed to do: they learn by discovering patterns and insights from data. In general, we have two types of learning, supervised and unsupervised.

Returning to AI, computer systems are built to mimic human intelligence and perform tasks like image recognition, speech or patterns, and decision making. AI can perform these tasks faster and more accurately than humans.

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 scientists in need of skilled professionals.

#2: Robotic Process Automation (RPA)

Robotic Process Automation is a work automation technology that is the use of software to automate business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails.

Whether according to Forrester Research, RPA automation will threaten the career of 230 million or more knowledge workers or about 9% of the global workforce, RPA is also creating new jobs while changing current jobs. McKinsey finds that less than 5% of careers can be fully automated, but about 60% can be partially automatic.

#3: Virtual Reality and Augmented Reality

Virtual Reality (VR) immerses the user in an environment while Augment Reality (AR) enhances their environment. Although VR has primarily been used for gaming thus far, it has also been used for training, as with VirtualShip, a simulation software used to train U.S. Navy, Army, and Coast Guard ship, captains. The popular Pokemon Go is an example of AR.

Both VR and AR have enormous potential in training, entertainment, education, marketing, and even rehabilitation after an injury. Either could be used to train doctors to do surgery, offer museum-goers a more in-depth experience, enhance theme parks, or also enhance marketing, as with this Pepsi Max bus shelter.

#4: Cybersecurity

Cybersecurity might not seem like emerging technology, given that it has been around for a while, but it is evolving just as other technologies are. That’s in part because threats are always new. The malevolent hackers who are trying to illegally access data are not going to give up any time soon, and they will continue to find ways to get through even the most stringent security measures. It’s’s also in part because new technology is being adapted to enhance security. As long as we have hackers, we will have cybersecurity as an emerging technology because it will continuously evolve to defend against those hackers.

here-are-seven-technology-trends-you-should-watch-for-in-2020

#5: Blockchain

Quite a lot of people think blockchain technology is related to cryptocurrencies like Bitcoin. But in fact, Blockchain provides useful security capabilities in many other ways. In the simplest terms, Blockchain can be described as data you can only add, not take away or change.

Besides, Blockchain operates on the principle of consensus so that no entity can control the data. With Blockchain, you don’t need a trusted third party to monitor or authenticate transactions.

Several industries are participating and implementing Blockchain, and as the use of blockchain technology increases, so makes the demand for skilled professionals. According to Techcrunch.com, blockchain-related jobs are the second-fastest-growing type of work, with 14 job opportunities for each blockchain developer. The average annual salary of a blockchain developer is $ 130,000.

#6: Internet of Things (IoT)

Many “things” are now being built with WiFi connectivity, meaning they can be connected to the Internet—and to each other. Hence, the Internet of Things, or IoT. The Internet of Things is the future and has already enabled devices, home appliances, cars, and much more to be connected to and exchange data over the Internet. And we’re only in the beginning stages of IoT: the number of IoT devices reached 8.4 billion in 2017 is expected to reach 30 billion devices by 2020.

#7: Increased Computing Power

All data generated by the digital world will be more powerful if there are advances in computing power. These changes allow accounting and finance departments and companies to effectively store and use data. First, there are cloud services from vendors like Amazon, Google, and Microsoft that offer scalable systems and software to take advantage of any time and anywhere as needed. Edge computing has also grown. This is where the calculations occur not in the cloud, but right where the data is collected.

The adoption of 5G (fifth generation) mobile network technology will be the backbone of a smarter world. When quantum computing is fully accepted, it will transform in an even more unpredictable way at this time as it will increase its computing power exponentially. Quantum computers will be able to provide services and solve problems not possible with traditional computers. There will be tremendous value in the financial world for this possibility.

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