Predicting the future is a very hard task especially in the event that there are still problems with discovering what's happening in the economy of today. Anyway, it is still essential to predict the future when you are starting a fresh career, enrolling in college or investing in new skills.
The rate at which the business world is changing these days is getting higher than ever. Two of the major contributions to the fast rate of business world change are better technology and globalization. A method to actually predict which exact fields will get hot in the future is by staying away from those which aren't hot. Every year, the government's Bureau of Labour Statistics draws up a list of industries that are declining and have common trends. The list most of the times might involve jobs that are cheaper overseas, like jobs that are in low – skill assembly or machines that are becoming good human replacements, for instance call centres. Other fields that require cutting costs and downsizing are vulnerable as well.
In essence, building a lot of skill sets can be an effective way to be distinguished from others in the market. Some of the skill sets that can be considered include analytical expertise and liberal-arts background or a law degree with scientific knowledge. It is important to keep in mind that the best lasting skills are usually those that are transferable between different fields.
Either way, one will have to set up one's career in a field, so these are some fields that will most likely flourish by 2020.
Therapy and Counselling: The fact that mental heath is just as important as physical health has definitely been established. Also according to the Bureau of Labour Statistics, the demand for family and marriage statistics is most likely to increase by 41% in 2020.
Data Crunching: The time of big data is just beginning as many organizations are demanding to have information databases for their customers, competitors and themselves. Marketing and market research are two fields that are growing in the use of data exploding.
Finance. The movement and management of money is technically complex, and integral to most companies. That means there will be more need for finance experts. There may even be a shortage as students that were once involved in finance look into other different fields.
Computer Engineering: These days, most software developments are done overseas but there is still strong demand for high level computer experts to put systems together. For example, computing at high speed is rapidly becoming a competitive advantage and majority of organisations require faster and more secure networks.
Scientific Research. New innovation will keep on generating leaps forward in pharmaceutical, assembling, transportation, and numerous different fields, which implies there will be solid interest for labourers educated in science, maths, and designing. A few territories that show specific guarantee should also be considered: biotechnology and biomedicine, nanotechnology, mechanical autonomy, and 3D printing, which permits the assembling of physical items from an advanced information record.