Top 10 Technologies To Learn In 2024 | Trending Technologies In 2024 | Simplilearn

Simplilearn

17 Oct 202308:54

Summary

TLDRThe Simply Learn YouTube channel highlights the top 10 technologies to learn in 2024, including blockchain, AR/VR, IoT, 5G, machine learning, cybersecurity, edge computing, biotechnology, quantum computing, and artificial intelligence. It emphasizes the high demand for tech professionals and the lucrative salaries, with an average of $80,000 to $160,000 in the US and 6 to 12 lakh rupees in India. The video encourages continuous learning and upskilling for career advancement, offering certification programs in cutting-edge domains.

Takeaways

📈 The technology industry is booming with approximately 2.4 million job openings as of 2023, indicating a high demand for tech professionals.
🔄 60% of professionals are transitioning from non-tech careers to tech careers, showcasing the accessibility and potential for career shifts into the tech field.
💼 The top 10 technologies to learn in 2024 are identified, providing a roadmap for those looking to upskill or start a career in tech.
💰 Blockchain professionals can expect an average annual salary of $100,000 in the US and 8 lakh rupees in India, highlighting the lucrative nature of this field.
🕶️ Augmented Reality (AR) and Virtual Reality (VR) are set to revolutionize various sectors, with specialists earning around $95,000 in the US and six lakh rupees in India.
🔗 The Internet of Things (IoT) is connecting everyday objects, making them smart and is a growing field with an average salary of $130,000 in the US and 7 lakh rupees in India.
🚀 5G technology is a game-changer with its lower latency and higher bandwidth, paving the way for advancements in various industries, with experts earning $110,000 in the US and 6 lakh rupees in India.
🤖 Machine learning is integral to AI, with a Compound Annual Growth Rate (CAGR) of approximately 36% over the next 5 years, and professionals earning up to $150,000 in the US and 10 lakh rupees in India.
🛡️ Cybersecurity is crucial with increasing cyber threats, and professionals are in high demand, earning an average of $130,000 in the US and 7 lakh rupees in India.
🌐 Edge Computing brings data processing closer to the data source, improving real-time processing, with professionals earning $150,000 in the US and 12 lakh rupees in India.
🧬 Biotechnology is transforming healthcare and agriculture, with an average salary of $80,000 in the US and 6 lakh rupees in India for experts in the field.
💡 Quantum Computing is solving complex problems beyond the capabilities of classical computers, with professionals earning $140,000 in the US and 12 lakh rupees in India.
🧠 Artificial Intelligence (AI) is the top technology, with endless possibilities and a high earning potential of $160,000 in the US and 8 lakh rupees in India for AI experts.

Q & A

What was the approximate number of job openings in the technology industry as of 2023 according to the video?
-As of 2023, there were approximately 2.4 million job openings in the technology industry.
What percentage of professionals are transitioning from non-tech careers to tech careers as mentioned in the video?
-60% of professionals are transitioning from non-tech careers to tech careers.
Why is blockchain technology significant according to the video?
-Blockchain technology is significant because it acts as a digital ledger that records transactions securely and is used in various industries, including finance and supply chain management.
Which companies are actively hiring blockchain experts as per the video?
-Companies like IBM, Deloitte, Microsoft, and JP Morgan Chase are actively hiring blockchain experts.
What is the average annual salary for blockchain professionals in the US and India?
-Blockchain professionals can expect an average annual salary of $100,000 in the US and 8 lakh rupees in India.
How are augmented reality (AR) and virtual reality (VR) transforming industries as mentioned in the video?
-AR and VR are taking immersive experiences to the next level in industries such as gaming, education, and medical training, revolutionizing the way we interact with the digital world.
What are the potential applications of the Internet of Things (IoT) according to the video?
-IoT is about connecting everyday objects to the internet, making them smart and capable of sharing data, which can make life more convenient.
Which companies are seeking IoT experts as per the video?
-Companies like Amazon, Apple, Google, and Samsung are actively seeking IoT experts.
What is the potential impact of 5G technology on various industries as mentioned in the video?
-5G technology, with its lower latency and higher bandwidth, will pave the way for advancements in autonomous vehicles, telemedicine, and more.
What is the projected compound annual growth rate (CAGR) for the machine learning market over the next 5 years according to the video?
-The machine learning market is projected to have a CAGR of approximately 36% over the next 5 years.
Why is cybersecurity becoming increasingly important in the digital world?
-Cybersecurity is becoming increasingly important due to the growing number of cyber threats, and the high demand for professionals who can safeguard our data.
What is the role of edge computing in improving real-time processing?
-Edge computing brings data processing closer to the data source, reducing latency and improving real-time processing, which is vital for IoT and other applications.
How are advancements in biotechnology transforming various sectors as mentioned in the video?
-Advancements in biotechnology are transforming healthcare, agriculture, and more through gene editing and personalized medicine, indicating a field with immense potential.
What makes quantum computing different from classical computers as per the video?
-Quantum computers use quantum bits (q-bits) and can solve complex problems that classical computers cannot, potentially revolutionizing industries like cryptography and drug discovery.
What is the average annual salary for AI professionals in the US and India according to the video?
-AI professionals can earn an average annual salary of $160,000 in the US and 8 lakh rupees in India.
How is artificial intelligence (AI) reshaping various industries as mentioned in the video?
-AI, with its ability to analyze vast data sets and make intelligent decisions, is reshaping industries through applications in chatbots, self-driving cars, medical diagnosis, and more.
What does the video suggest for continuous learning and upskilling in the tech industry?
-The video suggests that staying ahead in your career requires continuous learning and upskilling, whether you're a student or a working professional, and offers a catalog of certification programs in cutting-edge domains.

Outlines

00:00

💼 Top 10 Tech Skills for 2024

This paragraph introduces the topic of the video, highlighting the significant number of job openings in the tech industry and the trend of professionals transitioning from non-tech to tech careers. It presents a list of the top 10 technologies to learn in 2024, starting with blockchain technology, which is not only used for cryptocurrencies but also in various industries for secure transaction recording. The video promises to guide viewers on the best tech skills to acquire for career advancement, with an emphasis on blockchain, AR/VR, IoT, 5G, machine learning, and cybersecurity, along with average salary expectations in the US and India.

05:00

🧬 Biotechnology and Quantum Computing Advancements

The second paragraph delves into the transformative potential of biotechnology, which is revolutionizing healthcare, agriculture, and more through gene editing and personalized medicine. It mentions leading companies in the field actively recruiting experts and provides average salary figures for the US and India. The paragraph then shifts focus to quantum computing, which is positioned as a game-changer with its ability to solve complex problems beyond the reach of classical computers. It outlines the interest of tech giants in quantum computing experts and the high earning potential of professionals in this emerging field.

Mindmap

Keywords

💡Blockchain

Blockchain is a decentralized digital ledger that records transactions across multiple computers in a secure and verifiable manner. It is often associated with cryptocurrencies like Bitcoin but has broader applications in various industries, including finance and supply chain management. In the video, blockchain is highlighted as a top technology with significant traction, where companies like IBM and Microsoft are actively hiring experts, and professionals can expect an average annual salary of $100,000 in the US.

💡Augmented Reality (AR) and Virtual Reality (VR)

Augmented Reality (AR) and Virtual Reality (VR) are immersive technologies that enhance or create digital environments. AR overlays digital elements onto the real world, while VR fully immerses users in a digital environment. These technologies are revolutionizing fields such as gaming, education, and medical training. The video mentions that leading companies like Facebook Meta and Google Oculus are recruiting specialists in AR and VR, with professionals in this field earning an average annual salary of $95,000 in the US.

💡Internet of Things (IoT)

The Internet of Things (IoT) refers to the network of physical devices, vehicles, and other items embedded with sensors, software, and connectivity that enable them to collect and exchange data. IoT makes everyday objects 'smart' and capable of sharing data, enhancing convenience and efficiency. Companies like Amazon, Apple, and Google are seeking IoT experts, and professionals in this field can earn an average annual salary of $130,000 in the US, as mentioned in the video.

💡5G Technology

5G Technology is the fifth generation of mobile networks, offering significantly faster internet speeds, lower latency, and higher bandwidth compared to its predecessors. It is a game-changer that will facilitate advancements in autonomous vehicles, telemedicine, and more. Major players like Verizon and Huawei are actively recruiting 5G experts, and professionals specializing in this technology can expect an average annual salary of $110,000 in the US, according to the video.

💡Machine Learning

Machine Learning is a subset of artificial intelligence that enables algorithms to learn from and make predictions or decisions based on data without being explicitly programmed. It is the technology behind recommendation systems, fraud detection, and more. Tech giants like Google, Amazon, and Microsoft are continuously hiring machine learning experts. The video highlights that professionals in this field can earn an average annual salary of $150,000 in the US.

💡Cyber Security

Cyber Security involves the protection of digital information and systems from threats. As the number of cyber threats increases, professionals skilled in safeguarding data are in high demand. Leading cybersecurity firms like Palo Alto Networks and Cisco are seeking specialists in this field. The video states that cybersecurity professionals can earn an average annual salary of $130,000 in the US.

💡Edge Computing

Edge Computing is a distributed computing architecture that brings data processing closer to the data source, reducing latency and improving real-time processing. It is vital for IoT and other applications that require instant information. Companies such as AWS, Microsoft Azure, and IBM are actively recruiting experts in Edge Computing. Professionals in this field can earn an average annual salary of $150,000 in the US, as highlighted in the video.

💡Biotechnology

Biotechnology is the application of biological processes, organisms, or systems to develop or make products. It is transforming healthcare, agriculture, and more through advancements like gene editing and personalized medicine. Leading biotech companies are actively recruiting experts in this field. The video mentions that professionals in biotechnology can expect an average annual salary of $80,000 in the US.

💡Quantum Computing

Quantum Computing is an emerging field that uses quantum bits or qubits to perform complex calculations at speeds unattainable by classical computers. It has the potential to revolutionize industries like cryptography and drug discovery. Tech giants like IBM, Google, and Microsoft are seeking Quantum Computing experts. The video states that professionals in this field can earn an average annual salary of $140,000 in the US.

💡Artificial Intelligence (AI)

Artificial Intelligence (AI) refers to the simulation of human intelligence in machines that can perform tasks like learning, reasoning, and self-improvement. AI powers technologies such as chatbots, self-driving cars, and medical diagnosis. It is the cornerstone of the digital revolution and is being actively pursued by major tech companies. The video emphasizes that AI professionals can earn an average annual salary of $160,000 in the US.

Highlights

In 2023, there were approximately 2.4 million job openings in the technology industry.

60% of professionals are transitioning from non-tech careers to tech careers.

Top 10 technologies to learn in 2024 include blockchain, AR/VR, IoT, 5G, machine learning, cybersecurity, edge computing, biotechnology, quantum computing, and AI.

Blockchain is used in various industries like finance and supply chain management.

Blockchain professionals can expect an average annual salary of $100,000 in the US and 8 lakh rupees in India.

AR and VR are set to revolutionize gaming, education, and medical training.

IoT connects everyday objects to the internet, making them smart and capable of sharing data.

5G technology offers lower latency and higher bandwidth, paving the way for advancements in autonomous vehicles and telemedicine.

Machine learning algorithms learn from data to make predictions or decisions without explicit programming.

Cybersecurity professionals are in high demand due to the increasing number of cyber threats.

Edge Computing reduces latency and improves real-time processing by processing data closer to the source.

Biotechnology advancements are transforming healthcare, agriculture, and more.

Quantum Computing uses quantum bits to solve complex problems that classical computers can't.

AI is used in chatbots, self-driving cars, medical diagnosis, and more, reshaping industries with its ability to analyze vast data sets.

AI professionals can earn an average annual salary of $160,000 in the US and 8 lakh rupees in India.

Continuous learning and upskilling are essential for career advancement in the tech industry.

Simply Learn offers certification programs in data science, cloud computing, cybersecurity, AI, machine learning, and digital marketing.