Skip to main content

Top New Technology Trends for 2020

Top 8 New Technology Trends for 2020

Technology is now evolving at such a rapid pace that annual predictions of trends can seem out-of-date before they even go live as a published blog post or article. 

As technology evolves, it enables even faster change and progress, causing an acceleration of the rate of change, until eventually, it will become exponential. 

Technology-based careers don’t change at the same speed, but they do evolve, and the savvy IT professional recognizes that his or her role will not stay the same. And an IT worker of the 21st century will constantly be learning (out of necessity if not desire).

What does this mean for you? 

It means staying current with technology trends. And it means keeping your eyes on the future, to know which skills you’ll need to know and what types of jobs you want to be qualified to do. Here are eight technology trends you should watch for in 2020, and some of the jobs that will be created by these trends.

Top Trending Technologies

1. Artificial Intelligence (AI)

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 refers to computer systems built to mimic human intelligence and perform tasks such as recognition of images, speech or patterns, and decision making. AI can do these tasks faster and more accurately than humans.

Five out of six Americans use AI services in one form or another every day, including navigation apps, streaming services, smartphone personal assistants, ride-sharing apps, home personal assistants, and smart home devices. In addition to consumer use, AI is used to schedule trains, assess business risk, predict maintenance, and improve energy efficiency, among many other money-saving tasks.

2. Machine Learning

Machine Learning is a subset of AI. 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.

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.

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. To learn more about potential jobs in AI, read about building a career in AI, or why you should earn an AI certification.

3. Robotic Process Automation or RPA

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 Forrester Research estimates RPA automation will threaten the livelihood of 230 million or more knowledge workers or approximately 9 percent of the global workforce, RPA is also creating new jobs while altering existing jobs. McKinsey finds that less than 5 percent of occupations can be totally automated, but about 60 percent can be partially automated.

Comments

Popular posts from this blog

How to take a walk

  How to Take a Walk                                                                                                                                     How to take a walk|Building a Better Today Whatever your workday looks like, odds are you could use an occasional break. Learn how to make the most of a midday stroll. Forget your phone.  Leaving your screen behind will give your eyes a much-needed rest. Though scrolling through social media may seem like a reward for a productive morning, it will ultimately diminish your ability to be present on your walk Take in your surroundings.   Minus your tech and...

Using Technology to Dodge the Shell Company Fraud

  During the Panama Papers episode, it was found that some of the Mossack Fonseca shell corporations were used for illegal purposes, including fraud, tax evasion, and dodging international sanctions.  The incident also highlighted the use of shell companies in facilitating high level financial crime. The scale of the episode was a shock as was the detail and meticulous planning it took to set this off using shell companies. A shell company is an inactive establishment used as a vehicle for probable financial crimes or kept dormant for future use in some other capacity.  This company only exists only on paper and has no brick and mortar presence or employees.  Identifying a shell company has been a constant struggle for the financial institutions and the approach has been evolving over the past years. In addition to using a shell firm, there is also widespread use of mirror trades in financial crime.  A combination of shell companies and mirror trades originating...

Emotional Intelligence

  Emotional intelligence (EI) refers to the ability to perceive, control, and evaluate emotions. Some researchers suggest that Emotional intelligence can be learned and strengthened, while others claim it's an inborn characteristic : The ability to express and control emotions is essential, but so is the ability to understand, interpret, and respond to the emotions of others. Imagine a world in which you could not understand when a friend was feeling sad or when a co-worker was angry.  Psychologists refer to this ability as  Emotional intelligence , and some experts even suggest that it can be more important than IQ in your overall success in life. A number of different assessments have emerged to measure levels of emotional intelligence. Such tests generally fall into one of two types: self-report tests and ability tests. Self-report tests are the most common because they are the easiest to administer and score. On such tests, respondents respon...