Your career development is largely dependent on the industry you’re in. Some sectors are more innovative and exciting. They are better positioned for future growth. As the job market becomes more technology-focused, artificial intelligence and automation are replacing millions of jobs by limiting the need for human interaction.
Luckily, despite all the technological innovations we see today, some industries are still expected to experience growth alongside AI and automation. When thinking about your career path, stability is an essential factor to consider.
Here are the seven top industries of the future:
1. Cybersecurity Industry
As more businesses adopt the use of big data, cybersecurity is becoming increasingly important. There have been several prominent big data breaches. The Cambridge Analytica-Facebook Scandal that saw the profiles of a whopping 87 million people harvested is a case in point. The cost of dealing with a breach is more than that of implementing cybersecurity measures.
The cybersecurity sector offers high-paying, guaranteed employment. Jobs include information security analysts, chief information security officers, penetration testers and security architects. Overall, there are many business investment opportunities in the tech sector with lots of potential for growth.
2. Analytics and Big Data Industry
The analytics and big data industry is becoming one of the top industries of the future. Its principles are being implemented in every aspect of a business, from human resources to sales and marketing. If a company refuses to adapt to today’s data-oriented marketplace, it will inevitably lose its competitive advantage.
Analytics skills are in demand right now and will be for years to come. The highest growth careers in big data and analytics are human resource analysts, operations analysts, and data scientists.
3. Healthcare Industry
A radical shift is taking place in the healthcare sector. Medical information is moving out of hospitals and into our pockets, homes and even our fashion. Health trackers are being included in employee wellness plans.
AI is becoming increasingly effective in diagnosing medical issues as well as supporting treatment plans. However, baby boomers are reaching the retirement age, causing an increase in the proportion of elderly people who need some form of care, social or medical.
Although on average they are healthier compared to their predecessors, global health-care systems should be ready for an increase in demand for geriatric caregiving. Technology will allow caregivers to meet the special needs of ageing individuals. Jobs in home health and personal-care aide are expected to grow exponentially, both in terms of demand and wages.
4. Drones Industry
Other than the shipping and logistics industry, these unmanned aerial vehicles will soon become an integral part of other large industries such as agriculture, telecommunications, filmmaking, transportation and construction. Some of its current uses include crop monitoring, quantity surveying, inspections, mapping, filming and photography.
The main reason drones are rapidly being adopted into the different industries is because they can access hard-to-reach places that people can’t. Analyzing data derived from monitoring and inspections is expected to grow into a multibillion-dollar industry.
Organizations value highly skilled pilots since they minimize the risk that comes with technical flights and inspections, especially when the infrastructure or equipment they are inspecting is worth millions. As drone usage becomes prevalent, the need for risk management and compliance experts, operational experts, fleet managers and mechanics to support the industry will increase.
5. Renewable Energy Industry
According to research, there’s a need for human intervention to curb global warming. The renewable energy sector is becoming increasingly essential. Wind turbine technicians and solar photovoltaic installers are expected to experience the highest job growth. The wind and solar energy sectors have other fast-growing opportunities.
Mechanical, construction, electrical, fabrication and engineering expertise are becoming sought-after skills. The biomass and biofuel industry is also experiencing rapid growth. It requires chemical, biological and agricultural expertise.
6. Cannabis Industry
As more countries legalize marijuana for both medicinal and recreational use, the cannabis industry is expected to experience exponential growth in the years to come. With tremendous capital being channelled into this industry, companies are making major technological and infrastructural investments to cater for the rapid growth.
There are many entry points in the cannabis industry. People with backgrounds in law, biochemistry, medicine, agriculture, operations, finance and retail will find this sector highly attractive.
7. Biohacking Industry
The term biohacking may at first appear mysterious, but it really just comes down to optimizing the human mind and body. The reality of this industry is often much less complicated than you might think.
While the industry entails everything from genetic manipulation, nootropics and IV hydration therapy, it also involves things like bulletproof coffee and intermittent fasting. Biohacking initially became popular in Silicon Valley. Many solutions reported to maximize performance and productivity have been created.
It’s natural for humans to want to be stronger, smarter and better. This drive for self-improvement guarantees limitless opportunities in this space. Unsurprisingly, the biohacking sector will continue to flourish and remain lucrative for years to come.
Technology will continue to transform the job market as we know it. Choose a career path that can adapt to change.