Keeping up with the rapid technological advancements is obligatory in this digitally advanced era. The evolutionary journey of sixty years takes us from a one-ton data storage machine to a two grams SD card that accommodates 2TBs of data. Changing is perpetual and technology is changing over a period of years, making it pertinent that individuals in the tech sphere stay abreast to gain fast laddering up.
Top 10 Technologies for 2024:
The upsurge of Generative AI defines a new AI, which is an ever-dynamic entity. Using generative models, this technology creates text, images or even sounds. These include ChatGPT, Google-Bard, Dall-E, GitHub Copilot. According to McKinsey, generative AI market is expected to grow up to $ 1.3 trillion dollars by the year 2030 and there are estimates that at maximum half of this can be automated resulting in reduction of workload of 60%.
Cyber security becomes very important in digital economy for a safe digital future. There is a total of 3.5 million unfilled positions needed in cyber security globally by 2025. According to NASSCOM, the Indian IT industry will create more than one and a half million new cybersecurity job positions by 2025.
Sustainable Tech Solutions:
It includes using scientific knowledge as well as various technologies in order to develop eco-friendly goods and services that will largely feature electric vehicles or EVs. By 2030, it is projected that there will be more than nine million jobs within EV sector and the average annual EV engineer salaries range from about one hundred ten thousand dollars USA.
Cloud Computing & DevOps:
With cloud computing and the DevOps approach, businesses benefit as operations become highly scalable and flexible. There is an obvious demand for Cloud and DevOps specialists. Senior DevOps engineer salary can reach 168K USD in US. Cloud architects, on average earn $146,000 in the US.
Data Science & Analytics:
Data science captures everything about processing data; collection, modelling and insights. The world we live in now is that of big data and hence one should be a data scientist. For example, data scientist’s salaries in the USA are about USD 130k-$170k PA.
Human-Computer Interaction and Information Systems:
HCI and UX are paramount in daily encounters with computers whether it involves typing on a keyboard, swiping one’s mobile phone or giving instructions to a home speaker. The changing human-machine relations will require the designs of easy-to-use interfaces since most of the future technologies are now being developed with this in mind. Creating seamless user experiences necessitates proficiency in the field of HCI.
Markets and markets estimate that the global human-computer interaction market will be worth $640 million in 2017 and approximately $7.3 billion by 2027 at a CAGR of 8.1%.
While providing a basis for cryptocurrencies like bitcoins, Blockchain possesses a lot bigger value for businesses and it is anticipated that there are chances that Blockchain can add about $1.76 trillion to the global GDP by 2030. Blockchain applications spread across various sectors like supply chain management, health care, e-commerce, publishing and insurance, offering huge job opportunities. According to Glassdoor, a blockchain developer’s average yearly salary in the U.S. stands at about 142K.
Full Stack Web Development:
Businesses are after innovation in a period of fast technological revolution and that explains the importance of Full Stack Web Developers. Such engineers can manage with both front-end and back-end developments hence they play important roles in the process of creating web applications. There are over 11,000 open positions in the US alone on LinkedIn for this position. Indeed.com states that an American Full Stack Web Developer on average has a salary of $128,000 which exceeds twice the national average of salaries.
Virtual Reality/Augmented Reality (VR/AR):
The metaverse powered by virtual reality will forever change the way we shop and companies like Sephora, IKEA, Gucci, Amazon, Wayfair, Target and MOSCOT are getting ready to adopt AR/VR. Projections from Markets & Markets indicate a substantial upswing in the VR market, with an expected climb from $6.1 billion in 2020 to $20.9 billion by 2025, boasting an annual growth rate of 27.9%.
Robotic Process Automation (RPA):
Robotic Process Automation will be focusing on improving efficiencies by automating repetitive processes. Businesses are quickly turning to automation. Professionals with RPA skills will definitely be in high demand.
As per indeed.com, on average the pay per annum of RPA employees in the U.S. is about 30% higher than that of software engineers and general programmers. Senior RPA Developers make an average of $107,000 annually, in the US. Some of these organizations include Randstat, Bosh, Shell, KPMG, Cognizant, TCS and many other organizations that seek the services of RPA professionals who have been trained.
These technological trends will shape our future in 2024. Since technology changes every day, it is not just a choice to change but a strategy for career development and success. Success in the swiftly evolving tech landscape for careers hinges on adaptability. These are some broad patterns defining 2024 with opportunities galore. These are the trends such as the revolutionary potential of Generative AI in reducing workloads to demands for cyber security experts that are leading the show. Sustainable tech solutions, cloud computing and data science open new lucrative prospects, while proficiency in human-computer interaction, blockchain and full-stack web development place individuals in leading roles shaping the digital ecosystem. Virtual reality/augmented reality together with RPA are pointers to a revolution in the way we relate to technology. Following these trends is not just an option, it is a strategic step on the way to success in the modern technology world.