We are living in the 21st century wherein technological transformation keeps happening every now and then. Every day we see new technologies coming in or the existing one gets updated. So, it very challenging for anyone to answer which are the top trending technologies of the present IT industry?
These advancements in technologies enable organizations to serve their customer better than earlier. They empower the organization with new tools and techniques and help them find a better solution to distinctive challenges the world is facing.
In doing so, they are also demanding organizations to upgrade their existing infrastructure, be open to adopting new ideas, hire skilled employees at their workplace.
What does this mean for you? One thing it means is that one should always be aware of what are all the trending technologies of the present IT industry and understand how they can stay updated about such technologies.
So, in an attempt to help you to provide a list of top trending technologies of the year 2020, we are here presenting a blog that discusses the 5 trending technologies.
We also found that many IT professionals are relying on online media to learn new things, so if you are one among them we suggest you go through these online courses that contain both recorded courses as well virtual classroom training on various technologies which we believe can be of great helpful to you.
So here we go, let’s start discussing the list of top trending technologies of the year 2020. The technologies which are going cover in the upcoming discussing are as follows:
CONTENT TABLE:
- Artificial Intelligence As a service
- 5G Network
- Robotic Process Automation
- Edge Computing
- Augmented Reality and Virtual Reality
Let us discuss each of the above technologies separately:
1. Artificial Intelligence As a Service
Artificial Intelligence and its Subset technology Machine Learning takes the center stage when it comes to the discussion regarding which are top trending technologies of the present technology era?
Artificial Intelligence is a branch of computer science which is focused towards creating machines that posses the capability of thinking and learning. It can also be defined as a technology that is concerned with building smart machines capable of performing tasks that typically require human intelligence.
With recent developments in the tech arena, Artificial Intelligence is being applied to various industries across the world such as healthcare, education, telecom, etc. and the experts believe that this technology has a lot of potential to change the way the work is being in these industries.
Interestingly enough, as per the TechRepublic article, regulated sectors are among the top in the list that have implemented AI technology. Around 49% of telcos, 41% retailers and 36% of banking institutions have adopted this technology in a massive scale.
The number of companies investing on AI technology has grown up to boost their productivity and enhance their business etc. A survey from Gartner’s 2019 reveals that leading organizations except to double the number of AI projects in place within the next year.
Please look into the below graph that narrates the Average number of AI and ML projects deployed.
Source: Gartner
This rise in investment on AI technology by various organizations has opened the door of job opportunities for many tech enthusiasts who are well trained or have good experience of working in Artificial Intelligence technology. Another survey from Gartner reports that AI will create around 2.3 million new jobs by 2020.
Finally, what we can say is that Artificial Intelligence is one of the trending technology of this present IT era. This field is very vast and also been creating the following job roles at several organizations.
- Machine Learning Engineer
- AI research scientist
- Artificial Intelligence software developer
- Data Scientist, etc.
You can learn this Artificial Intelligence technology with the help of these online courses to get entitled to the above job roles.
2. 5G Network
“5G wireless network infrastructure revenue will nearly double between 2019 and 2020” – Sylvain Fabre, senior research director at Gartner.
The growth of the 5G network has become the talk of the town in the technology space. The entire world is now witnessing the arrival of the 5G network. This technology can be considered as the next-in-line to 4G (LTE/WiMax). With unprecedented development, this 5G technology is expected to start showing impact by 2020.
5G technology is bringing a lot of new aspects to the table. It enables faster downloads, lower latency, and phenomenal network reliability. This network is designed to provide a better connectivity to end users.
Take this point into your note, 4G technology responds to users command in under 50 milliseconds but whereas 5G technology takes just 1millisecond to do the same.
A research firm Gartner predicts that in 2020, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion, an 89% increase from 2019 revenue of $2.2 billion.
Although the 5G network is yet to be available across worldwide, some countries such as South Korea, USA, China, Japan, and some European countries have already begun providing 5G network services.
Source: GlobalData
So, with all the development happening in this technology we can say that 5G is surely one of the biggest technology that the world is going to witness in the coming years.
3. Robotic Process Automation:
Robotic Process Automation or RPA is yet another technology that is emerging at a rapid rate in the lines of Artificial Intelligence and 5G network technologies. RPA is used to automates tasks that people do repeatedly.
Robotic Process Automation can be defined as the use of a computer software to automate and standardize repeatable business processes. This technology can interact with existing IT architecture without having the necessity of complex system integration.
RPA technology is versatile, scalable and it can be applied across different industries. This technology proves to be very beneficial when it is applied to processes that are prone to human error, consistent and routine and have limited requirements of a person to make the decision.
Some of the top areas where RPA technology can be implemented are as follows:
- Automated report generation
- Information validating and auditing
- Data migration and entry
- Generating mass emails
- Updating scorecards
- Quality assurance
- Revenue forecasting.
The emergence of RPA technology has also given rise to the number of career opportunities for aspiring IT professionals. The demand for professionals who are well trained in RPA technology is set to skyrocket.
Image source: Automation anywhere
Learning this technology will enable professionals with job titles such as:
- Developer
- Process designer
- Project manager
- Business analyst etc.
As per the article published by Automation Anywhere, the average salary for “Robotic Process Automation” is the USA is almost 30% higher than the salaries of general programmers or software engineers.
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4. Edge Computing:
As we know that the IT sector is such a space where new experiments keep happening and new technologies keep emerging continuously. Every new technology aims to provide a better solution or a service than its preceding technology. The Edge Computing is one such technology that has emerged to handle the “Data” in a much better way.
Cloudflare defines Edge Computing as a networking philosophy focused on bringing computing as close to the source of data in order to reduce latency and bandwidth use. Edge Computing was developed due to an exponential increase in the usage of IoT devices. These devices generate a vast amount of data that needs to be handled and processed properly.
As per the reports generated by MarketsandMarkets the global Edge Computing market to grow from USD 2.8 billion in 2019 to USD 9.0 billion by 2024, at CAGR of 26.5% during the forecast period.
The above research firm MarketandMarket also says that the Edge Computing market by region covers 5 major geographical regions such as North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA) and Latin America.
Some of the areas where this technology is used are as follows:
- Manufacturing
- Energy & Utilities
- Government & Public sector
- Media & Entertainment
- Retail
- Telecom & IT.
5. Augmented Reality and Virtual Reality
Augmented Reality and Virtual Reality that are collectively known as extended reality (XR) have also been the trending technologies of this present IT era. Initially, these two technologies have been adopted in the gaming and entertainment field, but later on, they have begun impacting other sectors as well such education, healthcare, etc.
Virtual Reality aims at creating its own reality which is completely generated and driven by the computers whereas Augmented Reality focuses on enhancing the experience with the addition of virtual components such as digital images as a new layer of interaction with the real world.
Overall both these technologies leverage few similar types of technologies and each one of them aims to provide an enhanced experience to the user.
Image source: MarketsandMarkets
The report from MarketsandMarkets says that the Augmented Reality market was valued at USD 4.21 billion in 2017 and is expected to reach USD 60.55 billion by 2023, growing at a CAGR of 40.29% during the forecast period.
Image source: MarketsandMarkets
The same firm Marketandmarket continues to say that the Virtual Reality market was valued at USD 5.12 billion in 2017 and is expected to reach USD 43.08 billion by 2023, growing at a CAGR of 33.95% during the forecast period.
Today so many companies are willing to invest on AR and VR technologies and some of the major players in the VR market are Google, Samsung, Oculus and many others. Apart from these tech giants many startups too having started investing on these technologies which takes the usage AR and VR technologies to a higher level.
As more investment is pouring on these technologies it has also given rise to the demand for IT professionals who have received well training or have good working experience on these technologies. So, you can learn these technologies and pursue a career in this field.
Conclusion:
Finding a list of top trending technology of the present IT industry is tedious work. As we don’t know when suddenly new technologies take its entry and become popular overnight by offering its new features.
But we hope that we did here our job with honesty. With all the research work we gone through we find these above mentioned are really the top trending technologies and hence considered discussing them here.
Do you think some more information was needed to be discussed here? Then please send your suggestion in the comment section. In addition to all the above information, we would like to remind you again to check these online course that contains a library of all the valuable courses specially designed for you.
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Happy reading!
