According to an EU survey jobs for highly skilled workers are estimated to increase by 7 % around 2035. The employment of engineers and researchers is anticipated to increase by 23%. Also, assemblers’ jobs are to increase by 17% along with the new skills needed for using digital tools for assembling.
According to recent research, the global blockchain technology market size will be extended to around USD 2,334.46 billion by 2032. Worldwide spending on blockchain is estimated to grow and reach about $19 billion by 2024. The blockchain market in Europe is expected to grow from US$ 1,234.08 million in 2021 to US$ 59,142.33 million by 2028. The forecast suggests that the blockchain market is expected to reach over 39 billion U.S. dollars by 2025 and, the banking sector will be investing in blockchain with around 30% of the technology’s market value. Through cryptographic hashing and encryption, blockchain can ensure that data stored within the distributed ledger (DLT) stays safe and is resistant to unauthorized modifications. Blockchain technical solutions rely on shared consent, data transparency and sensitive data safety. So, less oversight means that verification by an authority is not required. Blockchain technology - transparency, lower costs and less time spent on operations Blockchain is based on a peer-to-peer (P2P) network and was initially created to solve the double-spending problem. Overall, it is a distributed ledger, where transactions are recorded in blocks of data chained together in a dependable way. To integrate new input, is necessary to validate, save and store it and ultimately convert the input into output for the next block. One new record is the input data in a network composed of a myriad of machines. The new record or input stirs a request for acceptance and validation from at least some members of the network, or all in the case of the Bitcoin platform. Third parties involved are eliminated, thus saving time and costs for the business. Blockchain participants have access to a shared ledger. Without intermediaries companies benefit from transparency, lower costs and less time on operations. Potential for improvement in different industries Blockchain technology has the potential to improve a lot of industries. Retail, AI, IoT, agriculture, oil and gas, manufacturing, and cybersecurity are just a part of them. Here are some advantages of using the blockchain system in BFSI, supply chains and healthcare: Increased transaction speed and lower fees. In financial services and insurances-digital payments, investments, capital raising, assets, cryptocurrencies, NFTs blockchain transactions can be settled within a matter of seconds and reduce banking transfer fees. Blockchain makes these accessible, user-friendly and a solution to the traditional financial system. EU already created a strategy to integrate digitalised finance. Better product monitoring. In supply chains, some companies are already using blockchain to support their supply chains. Also, the delivery of products, location in real-time and product traceability is improved. Maintain regulatory compliance and data privacy. The blockchain market in healthcare is expected to grow from USD 2.37 billion in 2023 to USD 19.52 billion by 2028. Blockchain technologies can help to manage patient records or laboratory clinical trial data. At the same time, it can maintain regulatory compliance, data security and privacy protection. Career Development Paths in Blockchain Despite the strong overall decline of the blockchain market in 2023, the job global market is increasing in Europe. According…
Markets trends and tech skills indicate that the growth of the global technological market has created a need for new tech skills in our jobs. As a result, areas of the technological market like Automation and AI are continuously growing in size and require new types of skills, meanwhile, other demand for the rest of the jobs is shrinking. The cloud computing market in Europe is estimated to reach 560 billion euros by 2030. AI is expected to grow to $407 billion by the end of 2027 and cyber security is projected to reach $424.97 billion by 2030. The tech jobs market is responding to our needs for digitalization, continuous development, and support of existing technologies. According to a McKinsey paper on the future of work in Europe, many of the jobs that employers might need to fill by 2030 require a higher level of skill and fast-growing occupations like software and application developers may need specialized skills. Cloud computing tech skills Our need for remote access, monitoring data flow, and data storage made cloud computing a highly demanded technical capability in the global job market. Due to remote and hybrid work requirements, cloud technology impacted us both as employees and as daily consumers. Cloud technology is about infrastructure, servers, storage, networking, databases, operating systems, and software applications. Jobs like cloud developer, database developer, and network engineer require skills related to designing, monitoring, and automating processes and workflows of cloud infrastructure. So, to work in cloud computing, apart from usual programming skills, you will need specific cloud skills like migrating data, systems architecture, and design, monitoring system performance, networking, scaling, security, etc. Cloud providers offer free courses on their platforms that can help get you certified or specialized in this field. Cyber security Tech skills Different technologies are evolving and changing, but so is the need for skilled people to provide network and software systems safety. Along with cloud technologies, remote work, and new AI models, cyber security skills gap has increased. Cyber security is a broad domain and deals with network security, data encryptions, cyber-attacks, system infrastructure, IT standards risk, and compliance. Some of the highly demanded roles related to cyber security are cyber security engineer, network security engineer, or chief information security officer (CISO). Skills and experience for these roles are in cloud security, network security, operating systems, encryption techniques, identity access management, scripting programming languages, and IT standards like ISO 27000 series or NIST SP. For obtaining cyber security jobs or career development, formal certifications might be an advantage. Consequently, some cyber security certifications are required by institutions or governmental agencies as mandatory recruitment selection criteria, but there are also free courses available. Artificial Intelligence (AI) skills The challenges and complexities of creating AI software make tech AI-related skills valuable for companies. Some of the highly demanded AI jobs are data scientists, machine learning engineers, and robotics engineers. Among the skills and knowledge critical in developing AI models and applications are programming languages, machine learning techniques, natural language…
