The future is here and things from drones to AI have literally started flying. Our world is changing almost overnight and we are left trying to catch up with it. There is a lot to do and there is a lot to learn but there isn’t any time left to ponder. All of a sudden our past ways have become obsolete and yet the future seems to be untouchable. Specialists who used to boast their knowledge over certain technologies can no longer claim their expertise in buzz words like Data Science, Artificial Intelligence and Blockchain. But these are no longer buzz words – they are hugely expanding industries with new jobs. Almost everyone has to start afresh. We have a long journey ahead to begin living into this future. Here is a brief outline of these three industries and how we can start living in them today.
Every day we are generating almost 2.5 quintillion bytes of data. The data we have generated in the last two years accounts for almost 90% of the total data our world has produced to date. A new and urgent need of people who can manage, organize and analyze this data has come. Let us be candid. We weren’t prepared for this. We still aren’t. Forbes, in its analysis of LinkedIn’s fastest growing jobs, mentioned Data Scientist as one of the top emerging jobs. “Data scientist roles have grown over 650% since 2012, but currently, 35,000 people in the US have data science skills, while hundreds of companies are hiring for those roles” (Forbes, 2017). While almost every industry is seeking data scientists, very few skilled are available in the market to perform the job. Andrew Chamberlain from Glassdoor has stated in an interview that the data scientist job ranks third in most sought profiles and is also continuously rising in demand across industries.
Artificial intelligence is taking over our world swiftly. These days we say “Alexa”, “Hey Google” or Siri more than we call our family or friends. It is changing our expectations and we don’t wait anymore for a human voice to answer us when we call call-centers for help. A study by Gartner (2018) has shown “59% of organizations are still gathering information to build their AI strategies, while the rest have already made progress in piloting or adopting AI solutions”. This study has also mentioned that there has been a steep rise in the investments in AI startups. New startups mean new jobs. LinkedIn’s “US Emerging Jobs” report estimated a machine learning market size of 1.41 Billion USD in 2017. The same report also indicated these numbers are expected to grow to 8.81 Billion USD by 2022.
For decades we have sought a transparent and trustworthy method of financial transactions. Blockchain has evolved as the perfect answer for us. Billy Bosworth of Datastax has said “Blockchain has highlighted a critical aspect of the way data is going to work in the coming decades, and that is a world where data will be ever increasingly distributed. Any solutions for next-generation data problems must come to grips with this fact, and plan for a day where critical data is distributed among many geographies and even across on-premise and cloud data centers”. However, the success of cryptocurrency markets is dubious and companies and countries are juggling with defining the applicability of blockchain in other operations. Dubai is already taking steps to make all its Government systems digital by 2020. One thing is for sure Blockchain technology is here to stay.
At CredForce, we establish these three avenues as the leaders in the job market and they will retain their place for a long time to come.