New technology trends for 2021

New Technology Trends for 2021

No one foresaw events that will change the world this year, but one thing is clear: technology is affected as much as other aspects of our lives.

Today's most important technology trends will play an important role in helping us cope with and adapt to the many challenges we face. From moving to working from home to new rules on how we meet and interact in public places, technology trends will become the driving force of management change.

In many ways, due to our increasingly online and digital lives, Covid-19 will become a catalyst for a series of changes that have already taken place.

According to LinkedIn's “LinkedIn’s ‘Jobs on the Rise – US’1 report, the demand for digital skills is increasing. It is estimated that 150 million technology-related jobs will be created globally in the next five years. Now, as we enter 2021, there are many new technologies that will shape the future of innovation.

New technologies

 1. Artificial Intelligence & Machine Learning
2. Robotic Process Automation (RPA)
3. Virtual Reality and Augmented Reality
4. 5G
5. Cryptocurrency
6. Data Science & Analytics

1. Artificial Intelligence & Machine Learning 

Artificial intelligence (AI) has attracted a lot of attention in the past decade, but it is still one of the new technology trends, because its significant impact on the way we live, work, and play are only in its early stages. Artificial intelligence is known for its advantages in image and voice recognition, navigation applications, smartphone personal assistants, carpooling applications, etc

By 2025, the artificial intelligence industry will grow to 190 billion U.S. dollars, and the global spending on cognitive and artificial intelligence systems will exceed 57 billion U.S. dollars in 2022.

Machine learning is a subset of artificial intelligence and has also been deployed in various industries, creating a huge demand for skilled professionals. Forrester predicts that by 2025, artificial intelligence, machine learning, and automation will create 9% of new jobs in the United States.

2. Robotic Process Automation (RPA)

Like Artificial Intelligence and machine learning, Robotic process automation or RPA is another technology that automates work. RPA is the use of software to automate business processes, such as interpreting applications, processing transactions, processing data, and even replying to emails. RPA automates repetitive tasks that people often perform in the past.

Although Forrester Research estimates that RPA automation will threaten the livelihoods of 230 million or more knowledge workers or about 9% of the global workforce, RPA is also changing existing jobs while creating new ones. McKinsey found that less than 5% of occupations can be fully automated, but about 60% can be partially automated.

3. Virtual Reality and Augmented Reality

According to Wikipedia, virtual reality is an experience that can be similar or completely different from the real world. It is widely used in the fields of education, training, and healthcare; to name a few. When talking about augmented reality, it refers to adding digital elements to the real-time view by using the front camera of a smartphone. The latest examples of AR are games such as Pokemon Go and Snapchat Lenses.

Due to the benefits of establishing immersion in a virtual environment, Metaverse development usually focuses on improving virtual reality technology. Metaverse is a proposed extension of existing Internet technology. Metaverse’s access points include general-purpose computers and smartphones, as well as augmented reality (AR), mixed reality, virtual reality (VR), and virtual world technologies

In 2019, the sales of AR and VR devices were 14 million units. It is estimated that the global AR and VR market will grow to 209.2 billion US dollars by 2022, which will only create more opportunities in trending technologies, and welcome more professionals to prepare for this game-changing field.

4. 5G Technology

5G technology is the next generation of cellular networks and services. It is expected to provide at least 20GBPS downlink and 10GBPS uplink, which will make the 5G network speed at least 40 times faster than the current 4G LTE. This will open the door to new services, network operations, and customer experience for telecom operators. Currently, the market is led by Switzerland, closely followed by South Korea and the US.

Almost all telecommunications companies, such as Verizon, T-Mobile, Apple, Nokia, and Qualcomm, are now working on developing 5G applications. By 2024, 5G networks will cover 40% of the world and handle 25% of all mobile traffic data, making it an emerging technology trend that you must pay attention to and make a place in it.

5. Cryptocurrency

Cryptocurrency and the blockchain technology it operates are seeking to have a significant impact on the business world. Many people have heard of these terms, but few people understand their meaning and the potential of these new technologies. Even large companies are scrambling to understand how this new technology will fit into their business models and systems in the coming years.

Cryptocurrency is a protocol built on the blockchain and developed as a form of virtual currency protected by cryptography, which is almost impossible to forge. Bitcoin is said to be the world's first cryptocurrency, and it is still the most valuable and popular virtual currency in the world. In fact, when El Salvador began to recognize Bitcoin as its official currency in September 2021, it became the first country to adopt cryptocurrency as legal tender. Companies in El Salvador now accept Bitcoin as a payment type as required by
law.

6. Data Science & Analytics

Data Science and Analysis Data science is the sexiest job is now an old saying. According to a report by Statista3, revenue from big data applications and analytics is expected to grow from $5.3B in 2018 to $19.4B in 2026. In any survey, the job role of data scientists continues to be ranked in the top three through LinkedIn or Glassdoor. With its applications in different industries such as finance, IT, and health, this is the latest technology you should learn in 2021.

Conclusion

Technologies continue to emerge and develop around us. These 6 technological trends provide promising career potential for the present and the foreseeable future. Most of these popular technologies welcome skilled professionals, which means that now is the best time for you to choose one of them, receive training and join in the early stages of these popular technologies, for your current and future success be prepared.