7 Important Facts That You Should Know About IT Industry

In the past few years no industry has managed to create an evolution like the one done by the IT industry. What remained as an industry that pretty much catered to only a few top creams a few decades ago, has managed to find its way into the lives of even a common man. This blog will talk about seven facts that everyone should know about the IT industry.

1. Machine Learning Jobs ranks top among the top emerging jobs in Linkedin:

Machine learning is the technology where the machines are programmed to process the data and information on their own based on the instructions provided by the developer. This is a revolutionizing technology as it will bring down the time and resources needed to get a job done. As it needs engineers to make the calls, there is a huge demand in the job market for developers who are masters in this technology.

1. Five out of six Americans use AI services in one form or another every day:

Many people think Artificial intelligence is a complicated technology which is used by only a select few; however, they are wrong. Even voice assistants like Siri and Alexa are applications of AI and there are many such AI applications we are using in our day-to-day life without our knowledge.

1. Up to 45 percent of the activities we do can be automated:

Robotic Process Automation has been the talk of the town for various reasons for the past few decades. While some are in favour of it citing it will reduce the workload and make certain tasks easier, the other section are vocally against it citing the reason of job loss. However, even if it results in loss of some jobs, it will also open up a new avenue of jobs.

1. Several industries are involving and implementing blockchain:

This decentralized technology is one of my favourites as it provides better data security and ensures all the transactions are encrypted. From being associated only with cryptocurrencies a few years back, it has come a long way to find its application in various industries such as healthcare, banking and insurance to name a few.

1. The number of IoT device is expected to reach 30 billion devices by 2020

From car stereo to household appliances like washing machines and Air conditioner, almost every device is being built with WiFi support and this combined with the internet is called the Internet of Things. With internet penetration improving every given day it is of no surprise that there is a demand for devices that lets them connect with the internet to have a better use of it. And, this is what drives the manufacturers to incorporate the IoT in their devices.

1. Applications with cloud storage is anticipated to become mainstream:

One of the great hurdles in mobile application is the storage space. It is important for the availability of storage space to offer great features which in turn elevates the quality of the application. This challenge is countered with the usage of cloud storage as it lets the application store more data. Cloud storage based applications also come with an enhanced storage and easy to manage facility making it highly profitable for an organization to use them. There are companies like Soft Suave who are doing a great job in Cloud based mobile applications.

1. By 2022, the global edge computing market is expected to reach $6.72 billion

Edge computing is an advancement to cloud computing and will provide solutions to some of the shortcomings of the later. This technology allows to handle a larger volume of data in distributed data centers keeping them all close to the organization. With the increased application of IoT by enterprises, the global edge computing market is expected to reach $6.72 billion by the end of year 2022.

Conclusion:

With Businesses going digital, the value of the It industry is expected to soar much higher than before. However, the question is will the growth be an inclusive growth with people of all walks of lives getting equal access to it. While it is a great thing that the IT industry is growing at a rapid pace, it is equally important for the global population to have access to IT infrastructure. In the present day access to Information technology is slowly becoming a necessity and it would be great if the global governments take it seriously and ensure everyone has an equal opportunity to it.

George is the Head of Business Development at Soft Suave. Being the Cornerstone of Soft Suave, George inspires and manages a team of senior salespeople who create opportunities for business growth.