Technology is evolving at a rapid pace. The evolution of technology enables faster change and progress. Artificial intelligence, virtual reality, robotic process automation,and machine learning are some of the top technologies that are going to rule the next decade. Here is a list of some of the top technologies that will make an impact in 2020.
In recent years, Artificial Intelligence, or AI, received a lot of attention. Artificial Intelligence is the computer systems created to mimic the intelligence of a human and perform tasks like image and speech recognition, decision making, etc. It will have the ability to perform these tasks more accurately and faster than humans. Artificial Intelligence has a lot of applications in the field of science. In the coming years, Artificial Intelligence will have a significant role in our daily life.
Artificial Intelligence is everywhere. From your smartphones to your banking establishments, you will find its application. Artificial Intelligence software for android phones and other smartphones give a better user experience. Most of us use the services of Artificial Intelligence in the form of home application assistant, navigation apps, streaming services, smart home devices, ride-sharing apps, etc. In addition to that, Artificial Intelligence is used for assess business risk, improve energy efficiency, predict maintenance, and schedule trains
Robotic Process Automation (RPA)
Robotic Process Automation, or RPA, will help you to automate routine and repetitive tasks. It will help to automate business processes like processing transactions, interpreting applications and sometimes replying to emails. Robotic Process Automation might threaten the livelihood of millions of people. Studies are saying that about 5 percent of the jobs can be fully automated and about 60 percent can be partially automated.
Many researches are estimating that the introduction of Robotic Process Automation will threaten around 230 million jobs all around the world. Robotic Process Automation also has some positive sides. It is creating new jobs while altering the existing jobs. For IT professionals, Robotic Process Automation offers a lot of career opportunities, including developer, project manager, solution architect, business analyst and consultant.
Machine Learning is one of the top trending technologies of 2020. With Machine Learning, the computers will be programmed to learn to do something which they are not programmed to do. The programming will allow the computers to learn by analyzing patterns and insights from data. Natural language processing, neutral networks and deep learning are the subsets within the domain of Machine Learning.
Machine Learning is creating a lot of job opportunities. It is being rapidly deployed in all kind of industrial sectors, creating a huge demand for skilled professionals. Studies are saying that by 2022, the Machine Learning market will grow to a worth of $8.8 billion. The applications of Machine Learning include, pattern recognition, data analytics and data mining. For the consumers, the Machine Learning facilitates web search results, network intrusion detection and real-time ads.
Virtual Reality And Augmented Reality
Virtual Reality and Augmented Reality are the twin technologies that help you to experience that are extremely closer to reality. Virtual Reality creates a virtual environment that immerses the user and Augmented Reality enhances that environment. It has a lot of application in the video gaming sector. It is also used for many other purposes. Medical students make use of virtual reality for practicing surgical procedures in a controlled environment.
Both Virtual Reality and Augmented Reality are proven to be a great help in training, entertainment, education, marketing, etc. They open up a new avenue for interactive marketing. They are also creating a lot of job opportunities. Big companies like Google and Samsung are hiring professionals with Virtual Reality and Augmented Reality skills. Basic programming skills and forward thinking mindset is necessary for this kind of job.
Internet Of Things (IoT)
Many of electronic devices are built with WiFi connectivity. That means they can be connected to internet and to each other. Internet of Things enables home appliances, cars, and mobiles devices to connect and exchange data over internet. We are only at the early stages of Internet of Things. it is expected that the number of IoT devices will reach 30 billion by 2020.
Internet of Things enables the user to remotely lock the doors, preheat our ovens on our way back from work, remotely switch of the lights in our home etc. It also helps the business sector. Internet of Things collects and analyzes data that will enable better safety, efficiency and decision making.
Blockchain technology was originally devised for bitcoins. We can describe Blockchain as the digital information that can be distributed but not copied or change. When you use Blockchain, there is no need of a third party to oversee or validate the transactions.
The demand of skilled professionals is increasing because of the gaining popularity of Blockchain technology. Many industries started to implement Blockchain. According to a report, Blockchain-related jobs are the second fastest growing job category in the world.