Are you interested in learning about the top trends and technologies that will shape our future? As technology plays an increasingly vital role in our everyday lives, it’s important to stay on top of the latest industry developments.
From renewable energy to predictive analytics, here’s your guide to discovering the hottest trends in 2024 tech.
The Gartner Group has identified ten major emerging technologies for 2024. Some of these include augmented reality (AR) and virtual reality (VR), blockchain technology, quantum computing, the Internet of Things (IoT), data analytics, cloud computing and more.
In this blog post, we’ll take a look at these groundbreaking technologies from various perspectives, including their potential applications, who is hiring professionals with expertise in these fields, as well as what salaries they offer.
Get ready to supercharge your career by learning about the most innovative tech advancements that will shape 2021!
The Importance of Learning Top Technologies
The fast-moving tech sector is rapidly involved with each passing day. As such, it is important for freelancers to continuously learn and upgrade their existing skills in order to stay competitive in the job market.
Acquiring high-income tech skills is essential for those looking to succeed in the ever-changing IT landscape as they enable professionals to gain a deep understanding of various technologies and position themselves as experts in related fields.
Learning top technologies also helps them keep abreast of emerging trends within the industry, allowing them to remain knowledgeable and relevant. Moreover, knowing about these advancements can help boost chances of career advancement by providing new opportunities which require knowledge gained from keeping up with developments within certain domains.
Continuous learning ensures individuals are well versed when faced with job interviews or other challenges involving technology, as this not only provides more clarity but also allows professionals to be efficient while using advanced tools and frameworks available for their projects.
In addition, staying informed about the latest trends simplifies client engagement due to better realization of customer requirements along with sound decision-making capabilities arising out from a comprehensive knowledge base created through consistent learning throughout a professional’s career span.
As today’s organizations depend heavily on data-driven decisions made using machine learning models & artificial intelligence algorithms hence, having an understanding of how implementing predictive analytics & complex systems can realize business value gives freelancers an edge over others vying for similar positions within the same industry sector.
Understanding Machine Learning will thus play an integral role during 2024 in shaping tomorrow’s world, thus equipping individuals with sufficient know-how before diving deeper into the requisite domain becomes paramount if one wishes to get ahead of the competition & stay relevant.
Top 10 Technologies to Learn in 2024
Explore the world of blockchain, augmented reality (AR) and virtual reality (VR), the Internet of Things (IoT), robotic process automation (RPA), deep learning, quantum computers, cloud computing, chatbots and more – all necessary skills to stay competitive in 2024.
Blockchain
Blockchain is a revolutionary technology seen as an invaluable asset for the future. It is a decentralized digital ledger that stores and processes information securely without using any centralized server or structure of authority.
With blockchain, efficient and transparent transactions can occur between parties without intermediaries. As such, it’s transforming key industries like finance and supply chain management, offering transformative applications to create more secure environments where fraud becomes harder to perpetrate.
For freelancers who are looking ahead towards 2024, understanding cryptocurrency and blockchain technology has become increasingly imperative in order to keep up with emerging trends.
Companies around the world have started hiring experts in these fields due to their increasing influence on various sectors; hence, having knowledge about this tech can be beneficial towards career growth and salary prospects.
Applications in finance and supply chain management
In today’s world, technology is revolutionizing the way that businesses operate. Technologies such as blockchain and the Internet of Things (IoT) are becoming increasingly important in finance and supply chain management.
Blockchain has been a game-changer in this industry, allowing financial transactions to be managed securely and transparently across multiple nodes or computers – all without a third party being involved.
On top of this, it eliminates error-prone manual data entry while also improving accuracy by automating processes associated with ledger verification. For example, Microsoft Corporation used its Azure cloud platform to incorporate IoT devices within its operations to increase productivity and improve customer experience.
According to Deloitte Insights report on The State of Finance Operations for 2020, 66% of finance departments have already leveraged IoT technologies at some level within their organizations – leading towards digital transformation initiatives for greater operational efficiency improvements. (Don’t forget direct call-to-action here!).
The same goes for supply chain management; advancements in automation software have enabled companies around the world to manage inventory more cost-effectively, leveraging predictive analytics driven by AI algorithms driving real-time decision-making capabilities through various CRM systems like Salesforce & Oracle NetSuite.
In addition, blockchains can extend far beyond just providing security measures throughout the local network; they provide visibility into every transaction occurring between vendors within an intuitive operating dashboard interface.
By utilizing these types of advanced technologies, companies can further optimize production output capacity. As mentioned above, AWS recently implemented an automated manufacturing plant that utilizes robotic arms collaboratively working together alongside drones conveying orders from customers.
Companies hiring blockchain experts
- TCS (Tata Consultancy Services): specialists to lead the development of blockchain-powered applications and solutions for clients in industries such as fintech, healthcare, logistics, etc.
- IBM: architects to design and implement distributed ledger technology solutions and improve existing DLT platforms.
- Tech Mahindra: Professionals are sought to design and manage networks using DLT architectures for global clients in retail, banking, education, and other service sectors.
- HCL Technologies: experts specialized in blockchain technology architecture to develop higher-performance networks for various use cases, including enterprise resource planning (ERP) systems.
- PwC: Staff members are looking to create innovative products and services powered by DLT across multiple industries, such as financial services, consumer markets, and public services.
- Cognizant: experts with expertise in distributed ledger frameworks, including Hyperledger Fabric, Ethereum or Corda, alongside technologies such as AWS, Azure or GCP for smart contracts projects with Banking/Insurance & Healthcare industry clients.
Average salary for blockchain professionals
As companies continue to hire blockchain experts, it’s crucial to understand what kind of financial compensation you might expect in this burgeoning field. Blockchain professionals are commanding increasingly competitive salaries, reflective of the demand for their specialized skills.
Here’s a concise look at the average salary for blockchain professionals in HTML table format, highlighting the influence of experience, location, and company size on earning potential:
In the United States, the average annual salary reflects a broad range, starting at around $100,000 for someone new to the field and potentially exceeding $185,250 for a seasoned professional. Similarly, blockchain developers in India can see starting salaries around ₹3.5 lakh per year with the potential to go well beyond ₹10 lakh as they gain experience and work for larger companies.
Keep in mind that location can greatly affect salaries, with tech hubs often offering higher pay due to competitive markets. Furthermore, the size of the company can also play a significant role; larger corporations may have the resources to offer more substantial compensation compared to startups or smaller businesses, though the latter might offer other forms of value such as equity or rapid career progression.
Blockchain development stands as one of the top 10 highest-paying tech jobs for 2024, and with the right expertise, you, as a freelancer, have the opportunity to tap into this lucrative market.
Augmented Reality (AR) and Virtual Reality (VR)
These are two of the most influential technologies to emerge in recent years, and they are predicted to advance vastly by 2024. These immersive internet technologies represent future possibilities that vastly expand the capabilities of digital media and communication.
AR and VR offer users exciting ways to interact with virtual objects as if they were real, often using advanced motion sensors or controllers. Advances in these fields have already seen wide applications in gaming, education, medical training, customer relations management (CRM), engineering design simulations, etc.
Given their increasing popularity and demand for professionals emerging over time, Companies worldwide are now actively looking for experts who specialize in developing such solutions.
Impact on gaming, education, and medical training
As we approach 2024, advanced technologies such as artificial intelligence and machine learning are quickly becoming some of the top skills to learn. These have become especially pertinent in the world of gaming, education, and medical training.
With AI-powered tools like facial recognition for character customization or generative AI-generated content that can create dynamic scenarios and levels within a game – skilful gamers give themselves an edge by staying ahead of the curve.
Meanwhile, AR and VR offer exciting applications for educational settings as well as immersive training solutions for medical professionals looking to sharpen their competencies beyond textbooks or lectures.
Companies recruiting AR and VR specialists
The demand for professionals in the AR and VR field is driven by the increasing integration of these technologies into various industries, from entertainment to enterprise training. Companies like Facebook Meta, Google Oculus, and Magic Leap are actively recruiting specialists in Strategic UX/Experience Design, Software Engineering, machine learning, Artificial Intelligence, User Interface (UI), and User Experience (UX) Design. In addition, some companies like Apple are searching for professionals who have experience in Mixed Reality (MR), 3D production materials authoring options and Developer Relations/Evangelism.
Average salary for AR and VR professionals
As a freelancer, understanding the earning potential in emerging technologies is key. AR and VR developers are currently commanding an impressive average salary of $120,000 per year, reflecting the specialized skills and growing demand in these fields. Here’s a glance at what the numbers say:
Mastering AR and VR could lead you to high-paying roles, with salaries reflecting the innovative nature of these extended reality (XR) technologies. Keep in mind that as these tech fields evolve, the value of your expertise might increase, offering even more lucrative opportunities.
Internet of Things (IoT)
The Internet of Things (IoT) has become a buzzword in the technology industry, and its impact is visible right now. It involves connecting physical devices to the digital world to automate many processes, enabling smart cities and providing easier access to data.
The connectivity between multiple ‘things’ opens up new opportunities for businesses as well as freelancers looking to take advantage of these emerging technologies.
By 2024, over 207 billion devices will be connected through IoT networks – making it clear that this technology is here to stay. This growth means two things: there are plenty of potential applications/ industries that can benefit from deploying IoT solutions, and second, IT professionals will need the right skillset in order to deliver these projects and succeed professionally with respect to their teams.
Most organizations look for talented individuals capable of understanding both surveillance cameras connected on an enterprise’s local network or building autonomous cars powered by Machine Learning algorithms deployed on-premises, developing secure systems, and cyber security experts who investigate malicious attacks caused by weak encryption protocols –there is no better time than now than prepare yourself with those specific qualifications.
In addition to keeping up with general tech knowledge such as AI & ML concepts plus blockchain architecture patterns, etc., you’ll also want to specialize your focus according to what areas you wish to pursue career-wise.
Definition and Purpose of IoT
The Internet of Things (IoT) is revolutionizing the way technology interacts with us. It refers to a massive connected network of physical objects that have embedded sensors, software and other technologies that enable data collection, exchange and analysis from those objects.
Put simply, it’s the background that allows machines to talk to each other. Companies are embedding connectivity capabilities into everyday devices like phones, watches, cars and home appliances – these connected devices offer convenience for much easier interactions between people and things in their environment through automation.
Take smart home lighting technology as an example – Installing IoT-enabled light bulbs can help users control lights at different levels throughout their homes remotely just using a device or voice command – almost like having your own personal assistant! Collecting real-time data, such as user preferences around energy consumption amounts in given spaces, can also improve energy management efficiency, leading to economic benefits for both businesses and households alike.
Major companies looking for IoT experts
- IoT is becoming an integral part of many businesses. From utility companies to financial and banking operations, many organizations are actively investing in the Internet of Things technology as it promises higher efficiency with its automation, data analysis, and predictive algorithms capabilities.
- Companies like Amazon, Apple, Google, Samsung and Microsoft are leading the way in hiring IoT experts. Making use of AI and automation to build smarter products such as digital personal assistants, smart homes, and self-driving cars – these tech giants all need IoT professionals to help them achieve their ambitions.
- Other Fortune 500 companies, such as Accenture and Deloitte, are also recruiting for IoT positions as they seek solutions for their clients’ businesses. For example, Accenture is developing an edge computing platform to power industrial IoT systems, while Deloitte has multiple initiatives ranging from healthcare clinical diagnostics to energy management analytics that require experienced professionals with expertise in the Internet of Things.
- Additionally, there are some startups that provide hardware or software-specific solutions related to various aspects of IoT development, such as sensor integration or network infrastructure building, that are looking for technical specialists with a strong foundation in IoT technologies.
- The demand for quality personnel with skills in the Internet of Things is increasing exponentially each year – making now a great time for professionals looking to specialize or upskill in this field. According to Glassdoor, the average annual salary for IoT engineers is estimated at around $93K per year – depending on experience level.
Average salary for IoT professionals
As major companies continue to integrate IoT into their operations, the demand for skilled professionals has surged, leading to competitive salaries across various IoT-related job roles. If you’re a freelancer looking to capitalize on this booming field, consider the following breakdown of average salaries for IoT positions in 2024. It’s an opportunity to position yourself in a lucrative market.
This table shows the potential earnings across a spectrum of IoT roles. Freelancers like you have the flexibility to specialize in one of these areas or diversify your skills to increase marketability. With salaries ranging from $86,936 to $165,000, investing in IoT expertise could significantly boost your earning power.
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Emphasis on the need for continuous learning for career advancement
Continuous learning and upskilling remain integral to staying competitive in the tech industry, especially with advancements leading to new roles emerging at an increasing rate. Companies are looking for individuals with multiple specializations in order to create holistic solutions that involve numerous technologies.
As technologies evolve and become increasingly complex, frequent learning is essential for mastering them and leveraging their true potential across different applications. Keeping up with ever-changing trends also provides freelancers an opportunity to stay ahead of the competition, as they may not have access to certain resources or expertise available within a company’s walls.
Freelancers need specialized knowledge when it comes to creating innovative solutions through advanced AI and other disruptive technologies such as IoT, virtual/augmented reality (VR/AR), blockchain, etc., which further makes continuous learning critical for career advancement.
Simplilearn’s certification programs in various tech fields
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- Robotics: The robotics certification program available on Simplilearn enables aspiring robotics engineers to develop intuitive robots using logic and mindsets. Learners can also acquire an understanding of advanced topics such as machine learning algorithms, computer vision techniques, robotic motion planning, control systems design principles, etc., enabling them to stay competitive in the dynamic world of robotics development.
- Cloud Computing: With cloud-based services becoming popular in both the business and consumer contexts of today’s digital landscape, becoming cloud-ready has never been more important for professionals in the industry. Simplilearn’s Cloud certification program covers core cloud concepts around cloud computing platforms like Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform as well as Splunk & IoT powered by specific vendors Certification Programs from leading companies.
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- Digital Marketing: Targeting customers online is beyond just one industry sector or platform today; marketing roles cut across various departments within an organization, requiring more focus on the customer experience journey mapping itself from traditional advertising methods to newer channels like mobile & location-specific targeting methodologies that are equipped with predictive CX analytics stacks leveraging ML & DL models progressions with seamless UI/UX driven digital personalized experiences over all devices including Voice Assistants which make it imperative for all professionals to Learn Digital Marketing fundamentals along with its best practices & trends from certified experts even if they not want to proceed their careers into full-stack marketing track but get start their journey towards this side of knowledge acquisition via Simplilearn accredited programs.
- Project Management: Being well versed in project management concepts helps accelerate the time taken for tasks along with augmenting chances of timely completion probability accuracy based on clear-cut direction set linearly via project plans to leverage risk management techniques delivered through properly executed PM-related processes, which include Procurement Management, Timely Financial Analysis, Resource Allocation, Quality Assurance Process, Iteration Planning, System Integration Testing & implementation roll-outs thus creating great ROI based delivery frameworks. Consequently, making this module so essential is seldom required directly but indirectly across all facets of professional organization operations since it gives insights into waves-related scenarios leading towards properly managed targeted goals and culmination cycles.
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As a freelancer, your career success depends largely upon your ability to stay ahead of the latest tech trends and upskilling opportunities. To ensure you have all the necessary knowledge and resources to maximize your potential, we urge you to take advantage of Simplilearn’s wide collection of certification programs in various technological fields like AI Ethics, Blockchain, Augmented Reality (AR) & Virtual Reality (VR), Internet of Things (IoT), etc.
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You can trust Simplilearn for quality education catered specifically towards improving skillsets related to emerging technologies, including deep fakes, cryptocurrencies and forecasting networks, plus simulated environments describing energy-efficient devices.
Conclusion
The world of tech and digital transformation is ever-evolving, bringing with it new trends and opportunities year after year. It is essential for professionals to stay on top of the latest technology developments in order to remain relevant in their fields and advance their careers.
The blog post has explored the top 10 technologies to learn in 2024, emphasizing the importance of staying abreast with emerging tech trends. As highlighted by Gartner’s selection of transformative technology trends, generative AI and phygital convergence will have a significant impact on modern business decisions over the next three years.
Companies across different industries are already looking for experts in these areas as they continue to embrace such cutting-edge technologies while hiring candidates who possess knowledge and certifications related to them.
This highlights why upskilling through industry certification programs from organizations such as Simplilearn remains important for any professional wishing to succeed in today’s competitive job market or take advantage of high-salary positions like cybersecurity specialist or data science expert that come along with embracing new technologies.