With the growing time, technology is evolving at a great speed. The pandemic has made significant changes to the world as things have not been the same. Keeping an eye on the future helps to secure a safe job and even learn how to get there. Since most of the IT population is sitting back at home and working, then it’s better to make an attempt to include the emerging technologies in 2023.

Let’s dig into the top 10 technology trends in 2023:

Artificial Intelligence and Machine learning

Artificial Intelligence(AI) is now initial to see its implementation is various sectors of life. It is basically known for its superiority in image, speech recognition, ride sharing apps, smartphone personal assistants and many more.

AI is also utilized in analysing interactions to determine underlying connections and insights to help you predict the demands in various hospitals. It helps to enable authorities to make better decisions about the resource utilization and detect the patterns of customer behaviour by analysing data in real time and personal experiences.

Since AI is getting utilised in various sectors, hence new jobs are created in development, programming, support and testing. Stats prove that AI, machine learning and automation will create many jobs by 2025.

AI and machine learning will help you secure jobs:

1. AI research scientist
2. AI engineer
3. AI architect
4. Machine learning engineer.

Blockchain

Blockchain, one of the best technical courses after graduation can be described as the data you can only add to, not take aways from or change. The COVID-19 pandemic has accelerated the digital transformation in various areas especially in blockchain or distributed ledger technology.

Many businesses have started adopting blockchain technology for enhancing their business processes. Stats prove that worldwide spending on blockchain solutions is going to reach USD 11.7 billion by the year 2022. Banking is one of the areas where the high-level security, real-time processing and quicker cross-border transcations take place.

Blockchain helps you get secure jobs in the field of various fields and industries:

1. Risk analyst
2. Tech architect
3. Front end engineer
4. Crypto Community Manager

Internet of Things(IoT)

The list of technical courses after graduation cannot be complete without IoT, as it has always been a promising trend Now a days there are multiple things which can be built with WiFi connectivity. Hence the internet of things(IoT) has enabled various devices, home appliances to be connected to each other and exchange data over the internet.

IoT can be utilised in various applications like for instance you can switch off lights, fans and even lock the door remotely, while tracking the fitness on our Fitbits. The IoT enable better safety, efficiency and decision making for various businesses where the data can be easily collected and analysed.

Forecasts suggest that by 2030 around 50 billion of these IoT devices will be in utilization around the world. The global spending on the Internet of Things(IoT) is going to reach 1.1 trillion U.S dollars by the year 2023.

Cyber Security

Cyber security is an emerging technology and best technical courses in Indiaas the malevolent hackers are trying to access data illegally and continue to find ways to get through the toughest security measures. This latest technology is adapted to enhance security. Cyber security will remain a trending technology as it constantly evolves defend against hackers.

By 2025, around 60% of organizations utilize cybersecurity as a primary determinant in conducting third-party transactions and enhance business engagements.

You can get the roles:

1. Ethical Hacker
2. Malware Analyst
3. Security Engineer
4. Chief security officer

Quantum Computing

One of the amazing trends is involved in preventing the spread of the coronavirus and to develop potential vaccines is the quantum computing. It has the ability to easily query, monitor , analyse and act on data. Banking and finance is another field where you can manage credit risk for high-frequency trading and fraud detection.

Quantum computers acts much faster than regular computers and huge brands like Honeywell, Microsoft , AWS, Google . By the year 2029, the revenues for global quantum computing market can surpass $2.5 billion.

Virtual Reality and Augmented Reality

Virtual Reality and Augmented reality is one of the great technical training courseswhich have helped the user to immerse in an environment and enhance it also. Besides its utilization in gaming applications, it is used as a simulation software to train U.S. navy, army.

AR and VR has got enormous potential in various applications from training, entertainment, education, marketing and even rehabilitation. By 2023, it is estimated that the global AR and VR is expected to reach upto $209.2 billion.

Employers might look for skill set which requires a lot of specialized knowledge, basic programming skills can land a job.

Robotic Process Automation(RPA)

Robotic Process Automation is the utilization of software to automate business processes like transaction processing, interpreting applications, dealing with data and email reply. The automation of tasks can be easily automated sing RPA.

Stats prove that RPA automation can be harmful for existing jobs as 5 percent of occupations can be totally automated.

If you can learn RPA, then you can gain a number of career opportunities like

1. RPA developer

2. RPA analyst

3. RPA architect

Edge Computing

Cloud computing has been found difficult to deal with when the quantity of data organizations increases. Edge computing helps to resolve problems to bypass the latency caused by cloud computing and getting data to a data centre for processing. Edge computing can be used to process time-sensitive data in remote locations with limited or no connectivity to a centralized location.

The stats prove that with the increase of Internet of Things(IoT) increases, the edge computing will also increase. By 2023, the global edge computing is expected to reach $6.72 billion. Following are some of the job positions which can be secured if you can master cloud computing and quantum computing:

Cloud reliability engineer

DevOps cloud engineer

Cloud architect and security architect

Cloud Infrastructure engineer

5G

With the growing time, 5G has become the next technology trend and the most in-demand tech skills. It enables services that rely on advanced technologies like AR and VR, cloud based gaming services like Google and lot more.

HD cameras with the implication of 5G helps to improve safety and traffic management, smart grid control and smart retail. Many telecom companies like Apple, Nokia Corp, QUALCOMM are really working om mobile traffic data making. It is estimated that by 2024, around 40% of the world will be utilized by 5G networks.

Drones are improving navigation and using the Internet of Things(IoT) to communicate with on-board devices. The development of 5G and 6G continues to improve smart cities around the world and support the drone market.

Telemedicine

Telemedicine has become the talk of the town during this pandemic situation. Many people are avoiding the risk of contracting the coronavirus to their workers and patients. The doctors and patients are communicating via video chat where artificial intelligence conducts diagnostics using photographs.

By early 2023, the number of remote receptions is going to increase a count of billion. It is also expected that machine learning will be gradually utilized in diagnostics, administrative work and creation of robots for healthcare

The Conclusion

Many technological advances in 2023 is going to continue with the impact of COVID-19. These trending technologies are welcoming skilled professionals with nice amount of salary. Master in these courses and get on-board at the early stages of these trending courses.

The technology is evolving at a breakneck pace, with new expansions shifting gears to the most in-demand job skills. The Covid–19 pandemic over the past couple of years has further accelerated the change in how we work and assimilate this process.

In order to thrive in excellence, businesses around the globe have had to diversify the way they work. The diversification has fostered retraining of their massive workforce to facilitate them with in-demand skills.

Evansadata, in its recent data, anticipated that 5 million developers will be needed to handle the challenging projects over the next five years. Further, as per the survey of Coursera on industry-level job skills, the majority of the industries are in desperate need of technological skills.

So we are delighted to explain to you the top 10 skills to learn in 2023 and also how to monetize an existing skill.

Learn and Monetize These Top 10 Skills in 2023! 

1. ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING: 

In the age of highly advanced technological breakthroughs, some innovations such as Artificial Intelligence and Machine Learning are promising future. With groundbreaking revolutions like driverless cars, facial recognition software, and surgical robots are evolving, with a broad range of applications for the Fintech, Healthcare, and Education sectors.

As per the data of Semrush, between 2018 and 2025, the Asia-Pacific region will witness a huge compound annual growth rate. In addition, the predicted AI annual growth rate would be 33.2% between 2020 and 2027.

Artificial Intelligence facilitates a distinct range of career paths.

• Machine Learning Developer.
• Data Scientist.
• Software Engineer.
• Data Engineer.

2. FULL STACK DEVELOPMENT: 

The need for highly skilled developers is augmenting at a brisk pace compared to other areas of IT. The respective skills are in massive demand across a wide range of industries, giving rise to an extensive range of opportunities. Being a professional full-stack developer you are allowed to create highly functional and attractive websites with basic knowledge of coding.

Full-stack development is simple with low-code platforms like WordPress that ease the job to build a professional website in a very short time. The average salary for a full stack developer in India ranges is 6.7 lakh rupees.

3. DATA SCIENCE: 

Data Science is evolving as one of the must-have skills for an IT professional. A diverse range of businesses is already using it. Currently, it is one of the indispensable skills in the job market. Moreover, popular social media platforms like Instagram and others rely on data for their functionality. The average annual salary of a data scientist in India is 6.98 lakh rupees.

4. CLOUD COMPUTING ENGINNEER: 

As per the report of Global Knowledge mastering cloud computing skills is predicted to be a highly in-demand skill in 2023. The job role includes creating a functional cloud platform to maintain it. These skills can lead to job positions like auditor, cloud developer, and architect.

5. UX/UI DESIGN: 

The entire world is undergoing a huge digital transformation, the user experience has become increasingly important to captivate the traction of wide range of audience. User interface is a design that evaluates the customer’s views towards a specific product aiming on efficiency.

6. BLOCKCHAIN DEVELOPMENT:

The Blockchain technology has been one of the recent sensation in the tech savvy world. Despite being one of the nascent technology it has created a multi billion-dollar industry. As per the recent report by Statista, overall global expenditure in developing blockchain solutions would reach by $19 billion by 2024.

The technology thrives to create a career  paths so that skillful person could work as:

• Blockchain Developer.
• Blockchain Solution Architect.
• Smart Contracts Engineer.
• Blockchain Quality Engineer.

7. CYBERSECURITY: 

Digitalisation is happening at a breakneck speed. It is also equally important to secure all the platforms from potential hacks. Hence, choosing career in cybersecurity could also be a promising choice for good career growth. Currently it is one of the top trending jobs, mastering these skills will help you to build your career as a cybersecurity engineer.

8. BIG DATA. 

Big data signifies the harvesting and executing a huge chunk of data to exploit authentic information that enhances decision-making. Most precise decision making could save money and time, and this explains why mastering these relevant skills  would get you a job with good salary package.

9. AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR). 

This is also one of the trending jobs with Facebook’s recent rebranding to Meta. AR and VR together referred to as Extended Reality (XR), the European market for the skill is anticipated to evolve 5x in the near future. Many businesses and industries already coming forward to adopt XR technology. Hence the demand for skillful professionals is high.

10. THE INTERNET OF THINGS (IOTS): 

The Internet of Things (IoT) has been the connecting brick that bridges digitally enabled gadgets to communicate, share data across the internet. Getting trained or mastering the relevant skills get you a job in diverse range of fields such as:

• Data Analytics.
• Network Specialist.
• Artificial Engineer.
• Cybersecurity Engineer.

Future cross-border trade and supply chains have undergone a significant change as a result of the pandemic’s first two years and subsequent armed conflicts. Businesses have started to realize that dangers like these are commonplace, and many have taken significant steps to improve their digital capabilities to avoid supply chain disruptions in the future. However, the modernization of a crucial part of the supply chain network is still lacking. There has never been a greater pressing need for the trade finance industry to update its antiquated methods of operation than there is in the current corporate banking environment.

Trade finance, which is essential to the supply chain, must urgently modernize in order to keep up with the rapidly evolving cross-border trade environment. It can no longer afford to be mired in mountains of paper papers.

The negative effects of living in the past

One of the oldest industries in the world, trade finance has always required a lot of paperwork and labor. Unfortunately, the conventional trade finance system is quickly losing its viability due to advancements in automation and the need for speedier communication flow. A cross-border trade ecosystem is a complicated one that involves numerous parties and involves the constant exchange of tonnes of documents between them. If banks continue to manage trade finance in a manual and labor-intensive manner,

The negative effects of living in the past

One of the oldest industries in the world, trade finance has always required a lot of paperwork and labor. Unfortunately, the conventional trade finance system is quickly losing its viability due to advancements in automation and the need for speedier communication flow. A cross-border trade ecosystem is a complicated one that involves numerous parties and involves the constant exchange of tonnes of documents between them. If banks continue to manage trade finance in a manual and labor-intensive manner, the result is likely to be increased process inefficiencies, rising costs, delays in credit analysis, data privacy concerns, and, worst of all, an inexhaustible vulnerability to fraud. Although fraud is not new to the world of trade finance.

Duplicate trade financing is the most severe type of supply chain fraud that banks encounter. This problem, which arises when an invoice is financed more than once, has plagued the sector for a while. One of the most notable recent examples included Hin Leong, a Singapore oil trading company, which resulted in losses of over US$3.85 billion for more than 20 institutions. Duplicate trade finance fraud can be linked to a lack of visibility and openness that makes it difficult for financial institutions to work together and provide crucial information on time. Financial institutions can ill-afford to consistently be on the receiving end of such malpractices as competition heats up, especially with the rise of fintech companies.

The blockchain’s potential

Given the difficulties the current system of trade finance faces, the best course of action is to quickly begin modernization using blockchain. Using blockchain will help reduce many of the dangers and worries that are currently associated with trade financing. High volumes of documentation, including information on the goods, the shipping method, and the transaction, are exchanged in a supply chain flow. In a system where information is expected by the hour or even minute, timely communication of large amounts of information is extremely difficult. Processes now take days or even months to complete.

All transactions are stored in a database and then distributed to multiple locations and important stakeholders when trade financing is carried out on a decentralized blockchain. Immutability of information, better compliance, better activity tracing, and long-term cost and risk reductions are all made possible by this. Additionally, blockchain promotes higher confidence among supply chain actors by enabling speedier transaction tracking and increased overall transparency that is available only to authorized network users.

Realizing blockchain’s full potential

Multiple stakeholders, including importing and exporting businesses, logistics providers, banks, and insurance firms, interact in a cross-border commerce situation. All parties must be on board with the effects that digitalization will have on trade finance, demonstrate a strong dedication to the cause, and consciously work to align themselves with the goals of carrying out financing on the blockchain.

Financial institutions and other significant organizations must set the bar for blockchain adoption by taking the lead and exerting pressure on the rest of the network to do the same. This might also make it more urgent to develop laws and regulations that promote or compel the adoption of blockchain technology across the whole supply chain.

Read: How to Build a Career in Blockchain Technology