As the globe becomes more technologically oriented, automation and artificial intelligence are replacing millions of jobs. According to the recent McKinsey Global Institute Report, 375 million jobs will vanish by 2030. Yet there is some good news on the career front: Despite all this technological innovation, there are some industries that are expected to grow alongside automation and AI and some that will continue its stride as populations age and new laws come into effect.
Here are five sectors to consider if you want to ensure you have a career as technology continues to transform the job market in ways you may not begin to imagine.
1. Analytics and big data
Data and analytics are job-skill buzzwords for good reason — the analytics industry is growing massively across all market sectors, and its principles are being applied to every single component of business, from sales and marketing to human resources. Estimates indicate that the industry was valued at $166 billion in 2018 and will only continue to grow. Also, the vast majority of large enterprise leaders believe that if a company doesn’t adapt to a data-oriented marketplace, they will lose their competitive advantage, meaning analytics skills won’t be out of date anytime soon.
PricewaterhouseCoopers estimates that by 2020, there will be 2.2 million data and analytics–related jobs posted in the United States and that organizations will struggle to find talent that has industry-specific experience in addition to analytics skills.
Some of the highest growth areas in analytics include data scientists, operations analysts and human resource analysts. However, a foundational analytics skill set will allow people to be business analysts in most industries. The best analysts are able to use data for curiosity and creativity — functions that AI won’t be supplanting anytime soon.
Cybersecurity is becoming increasingly important as more businesses collect, share and use data as part of their practices. There have been many prominent data scandals in 2018, including the notorious Cambridge Analytica-Facebook scandal, where the profiles of 87 million people were harvested; and the breach of Marriott’s guest reservation system, where the personal information of 327 million guests was accessed. The importance of cybersecurity is underscored by the cost of a breach, with IBM estimating the average cost of a data breach in the United States being $7.35 million.
Despite an increasing need for cybersecurity positions, estimates by Cybersecurity Ventures indicate that there will be 3.5 million unfilled cybersecurity jobs by 2021. With average salaries in the United States being around $90,000 per year, if you’re looking for an industry with high-paying guaranteed employment, cybersecurity fits the bill. Jobs include security architects, penetration testers, information security analysts and chief information security officers.
3. Health care for the aging
The health-care industry is undergoing a radical shift as medical information is moving out of our hospitals and into our homes, pockets and even into our fashion. Health trackers are expected to be a part of 90 percent of employee wellness plans by 2021, and AI is getting increasingly effective at diagnosing medical issues and supporting treatment plans.
However, as baby boomers reach retirement age, the proportion of the global population that will start needing some form of care, whether medical or social, will increase in turn. The United Nations estimates that by 2050, there will be 2.1 billion people over the age of 60 globally. Though they will be healthier on average than their predecessors, global health-care systems must brace themselves for high demand in geriatric caregiving.
Technology will help caregivers meet the needs of aging individuals by giving them increased connectivity and independence, but a human touch is necessary when dealing with mobility and cognitive-decline issues. The jobs of personal-care aide and home health aide, which provide individualized support to seniors, are expected to undergo significant growth in the United