Data science has become the hottest job of the century, but that does not mean it is for all. Not everyone can become data scientists as it requires continuous learning. Every other day, we witness innovation in the domain, thereby keeping up with the pace is demanding. Consequently, you can aspire to other rising technologies that will democratise rapidly in the coming years. Today, due to the lockdown, one has ample time to explore innovative technologies that will become popular as we move ahead.
Here is the list of technologies that you can explore:-
A combination of maths, physics and computer science, quantum computing has started seeing the light of the sun. Due to the rise of the data science landscape, the need for processing a colossal amount of data is increasing as organisations are rapidly collecting data. However, due to the dearth of required computational power, firms are struggling to process gathered information, thereby creating data silos. And since Moore’s law is starting to fail, we have to move away from dated hardware methodologies.
In 2019, Google claimed supremacy in quantum computing by benchmarking computation in 200 seconds, which would have taken the current world’s fastest computer 10,000 years. The technology proposed in the 1980s by Paul Benioff took decades for researchers to make a breakthrough. Now that everyone sees value in quantum computing, it is poised to rise in the coming years. Getting your hand on such technology during its nascent stage can open up new opportunities in the future.
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Blockchain has been at the forefront of the rising technologies for quite some time. Earlier deemed as bitcoin and other cryptocurrencies, today, it is used in a wide range of use cases to simplify the authenticity while keeping the security in check. Undoubtedly, it will revolutionise the finance industry, the state-of-the-art blockchain will be widely used in digital identity, supply chain management, healthcare, among others. According to a report, global blockchain technology will expand to reach $176 billion by 2025 and exceed $3.1 trillion by 2030. Blockchain in the future might become the go-to technology for almost all enterprise operations. Consequently, one should pursue a career in blockchain and innovate to streamline business processes.
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Augmented reality and virtual reality has the potential to revolutionise the whole world by providing immersive experiences in almost every use case. As remote working is becoming the new normal, the demand for VR and AR has doubled in the last two months as per Hemanth Satyanarayan, chief executive Imaginate. Among other technologies, mixed reality would be the next big thing. And according to Digi-Capital AR/VR market will reach around $65 billion revenue by 2024. The COVID-19 crisis has made humans realise how important these technologies are, however, to democratise companies will have to overcome numerous barriers associated with the AR/VR landscape. The requirement of high-performance computation, intuitive 3D interface design, and more, have been the reason why VR and AR have witnessed a slower growth. But, companies like Facebook is showing promise in making breakthroughs in the field to enable mass adoption of the technology.
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In the data-driven world, people are concerned about their privacy, which has led governments to make stringent rules and regulations for privacy protection. The introduction of various data protection rules such as GDPR and PDP across the globe has forced organisations to rethink their cybersecurity practices. Although PDP is yet to be enforced on organisations, firms are already changing their cybersecurity operations to immediately comply once the bill gets final approval. Currently, the Indian cybersecurity industry is valued at $6.7 billion, and with the rising digital growth, we are witnessing a renewed interest in cybersecurity.
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Rohit is a technology journalist and technophile who likes to communicate the latest trends around cutting-edge technologies in a way that is straightforward to assimilate. In a nutshell, he is deciphering technology. Email: firstname.lastname@example.org