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August 2020

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Though we may not be on our escapade to Mars or commuting to work by flying jet packs, yet this year marked a deviation from rearranging the same chairs to a plethora of technological advances. While the core technologies remain the same fundamental ones in the collaborative digital reformation voyage, 2020 will be etched by an avant-garde class of technologies eager to step out from the side-lines to the cynosure.

At this juncture of the pandemic having flogged to death almost every industry, an analysis of technology expedite at lighting speed is a much-needed intervention.

 Covid-19 Pushing 5G Forward Faster

Swift connectivity has been a universal requirement, even if you are at home or in your workplace. The pandemic augmented this demand in the sprawling suburbs as swarms of people abandoned their suave workspaces and recreated at-home offices. Better networks became a prerequisite. Despite the virus, deployment was established. This has ushered many telecom companies to materialize their 5G implementation goal.

Verizon initiated a virtual lab to examine 5G deployment and unfurled 5G coverage across San Diego. China is also witnessing an upswing in 5G deployments. Presently, 60% of devices shipped by Qualcomm were 5G.

China already bears testimony to the 5G phenomenon where hospitals deploy robots powered by 5G to examine user temperature and various health applications. This technology has escalated in the wake of the pandemic transforming it into a ground-breaking technology of 2021.

 Wi-Fi 6 Approaching Soon

The ideal elixir is the coalescence of 5G and Wi-Fi 6 for securing ultra-fast connectivity for home and office. The download speed is anticipated to be three times speedy than Wi-Fi 5. In April, the FCC announced the establishment of the new band of spectrum for devices that can adapt this new-fangled technology. The advent of these devices is eagerly awaited later this year.

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 Analytics Prove a Competitive Edge

Companies not possessing a hefty investment in analytics this year would be defunct in business by 2021. The utilization of big data and analytics observes a burgeoning growth trajectory, and the pandemic ushered a leap in this industry.

Companies like John Hopkins and SAS fashioned COVID-19 health dashboards. These dashboards compiled data from a plethora of sources, and this was handy in succouring governments and businesses to undertake decisions that safeguarded citizens and employees.

AI and Machine Learning that Powered Business Through the Pandemic

The recent explosion of the amalgamation of AI and machine learning has presented businesses an impetus to rely on technology for developing insights about their data. The added incentives of this collaboration are speed, scale, and convenience. The amplified growth despite the pandemic is a sequel to the enormous investment in AI.

Do you want to relish a career that is resilient and at the peak of its demand when across the globe, individuals and industries are writhing in pain engendered by the global pandemic and an abysmal economic recession? Your magic bullet is to become a data scientist.

This upswing is witnessed in the wake of a dreadful occurrence wherein the United States alone, and people witnessed layoffs of nearly 10 million in April alone. The aftermath is not restricted to lofty unemployment but has ushered business disruption, and most crucial is the significant dwindling in the global GDP growth.

At the same time, we observe a data science job market that is resistant to these economic woes with negligible layoffs and salary cuts.

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Why is Data Science Job the Elixir in the Wake of a Pandemic?

The impact of Covid-19 on the data science and analytics community was examined by the joined collaboration of Burtch Works and International Institute for Analytics (IIA). The primary reason why the analytics team remains insulated is their commendable contribution to navigating the crisis. From March to May, 18.2% of organizations state that there is a dearth of proper analytics to address the issue of swift resolutions that the pandemic has facilitated. Therefore, 45% of the organizations maintain the analytics team as an integral part of the organization.

July had observed augmented hiring due to the Covid-19 crisis on organizations, as reported by 7.6% data scientists and analytics professionals. At the same time, 42.1% stated that they had not been affected by salary cuts, hiring freezes, furlough, or layoffs. In comparison, 35.7% responded that their team had been troubled by a maximum of one of these options, while 14.5% reported that the rumours on additional cuts are still looming in the air. The significant finding was that 67.7% of respondents were secure about their personal situation, and 64.4% were optimistic about their company’s stature.

 

The recent upsurge of AI applications employed tremendously by the healthcare sector, educational institutions, and governmental agencies has engendered a magnified demand for Analytics. It is also vital because of its optimising cost and diminished the dissipation of resources. The augmented AI spending will require the crucial role of data scientists for utilizing these automated systems.

The sole option of remote work has been a blessing in disguise for the analytics community as it has proved heightened efficacy and productivity. They are endowed with needed tools and platforms to perform their responsibilities.

The advent of intensified data will enkindle the demand for data scientists; therefore, unlike other industries, it isn’t a volatile sector. An efficient data science team is not an overnight task but takes years to fashion, and hence forfeiting your valuable staff is never an impressive idea.