The speed at which advancements in new technologies are taking place is worrying to some people as they believe that all jobs will be disrupted by the deployment of machines in the near future.
Artificial Intelligence, Big Data Analytics, Data Science and even Robotics are all growth areas in recruitment, with the evolution in the field of the Internet of Things (IoT) reducing the need for human interference in some sectors as well.
However, the breakthrough in the use of these technologies is also creating a new set of highly skilled jobs for those who possess the ability to upskill their talents and who will thrive with time.
Although this fourth industrial revolution seems to have instilled a small amount of fear amongst some individuals regarding potential job losses, the fact is that there will be avenues for them that they have not yet explored.
The current IoT job market is growing at a great pace, and there is an increase in demand for those skilled data engineers and technology professionals who are able to serve the connectivity of billions of different devices.
However, Gartner, the world’s leading research and advisory company, recently predicted that around 75% of the current IoT projects underway, may take twice as long as they should do to complete due to the shortage of IoT talent.
What impact has COVID-19 had on IoT jobs?
The circumstances around the COVID-19 pandemic have impacted businesses in many sectors, not least those in the IoT sector. Having to adhere to social distancing policies for a prolonged period has also meant a greater reliance on automated solutions for a wide range of industries. Smart retail, for example, is one area that has seen a tremendous boost.
Recent research has shown that healthcare technologies are going to be given greater priority among IoT service providers once the COVID-19 pandemic is over. This could lead to a streamlining and enhancement of health care delivery with the benefit of being able to proactively predict health issues and diagnose, treat and monitor patients in and out of the hospital. As you can see, IoT has the potential to not only improve population health but also the efficiency of the health system.
The future of IoT
Fortune Business Insights recently stated that they felt the global Internet of Things (IoT) market would be worth around $1,102.6 billion by 2026 – a CAGR growth of 24.7% since 2018. This is mainly due to the advancement in the principal technologies involved and the proliferation of such devices. In fact, investment in IoT projects is projected to grow by 13.6% annually in the next year alone. Further growth in the coming years is expected thanks to more computing power and more reliable mobile connectivity.
Sensor technology that is embedded in all IoT devices, is set to become more advanced, cheaper and therefore more widely available. This, in turn, will make new sensor applications possible, including large-scale detection and monitoring.
Computing power has also grown substantially in recent years with applications such as artificial intelligence and real-time analytics shifting from local devices towards more cloud-based and edge computing solutions.
The improvement of mobile connectivity, thanks to the rollout of 5G, will also allow new applications to give new user experiences through the use of both augmented reality and virtual reality.
The IoT market will also continue to grow as there will be an increasing need for all of the devices we now use to be linked to the IoT.
As you can see, the prospect for the future of IoT jobs is bright. If you’re ready to make your next move up the career ladder or have a gap in your team that needs filling, please contact the friendly and experienced team at Agile Recruit.