Technology is now evolving at such a rapid pace that annual predictions of trends can seem out-of-date before they even go live as a published blog post or article.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 the acceleration of the rate of change, until eventually it will become exponential.
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 2019:
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 computers 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.
AI has been around since 1956 is already widely used. In fact, 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 literally 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.
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.
RPA is also creating new jobs while altering existing jobs. Less than 5 percent of occupations can be totally automated, but about 60 percent can be partially automated.
4. Blockchain
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. In addition, blockchains are consensus-driven, so no one entity can take control of the data. With blockchain, you don’t need a trusted third-party to oversee or validate transactions.
This heightened security is why blockchain is used for cryptocurrency, and why it can play a significant role in protecting information such as personal medical data. Blockchain could be used to drastically improve the global supply chain, as well as protect assets such as art and real estate.
5. Edge Computing
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.
As the quantity of data we’re dealing with continues to increase, we’ve realized the shortcomings of cloud computing in some situations. Edge computing is designed to help solve some of those problems as a way to bypass the latency caused by cloud computing and getting data to a data center for processing. It can exist “on the edge,” if you will, closer to where computing needs to happen. For this reason, edge computing can be used to process time-sensitive data in remote locations with limited or no connectivity to a centralized location. In those situations, edge computing can act like mini datacenters. Edge computing will increase as use the Internet of Things (IoT) devices increases.
6. 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 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 deeper experience, enhance theme parks, or even enhance marketing.
7. Cyber Security
Cyber security 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 constantly 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 toughest security measures. It’s also in part because new technology is being adapted to enhance security. Three of those advancements are hardware authentication, cloud technology, and deep learning, according to one expert. Another adds data loss prevention and behavioral analytics to the list. As long as we have hackers, we will have cyber security as an emerging technology because it will constantly evolve to defend against those hackers.
8. Internet of Things
Although it sounds like a game you’d play on your smartphone, the Internet of Things (IoT) is the future. 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. IoT enables 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 and expected to reach 30 billion devices by 2020.
As consumers, we’re already using and benefitting from IoT. We can lock our doors remotely if we forget to when we leave for work and preheat our ovens on our way home from work, all while tracking our fitness on our Fitbits and hailing a ride with Lyft. But businesses also have much to gain now and in the near future. The IoT can enable better safety, efficiency and decision making for businesses as data is collected and analyzed. It can enable predictive maintenance, speed up medical care, improve customer service, and offer benefits we haven’t even imagined yet.
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Although technologies are emerging and evolving all around us, these eight domains offer promising career potential now and for the foreseeable future. And all eight are suffering from a shortage of skilled workers, meaning the time is right for you to choose one, get trained, and get on board at the early stages of the technology, positioning you for success now and in the future.