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Technology Sectors that are Hot or Heating Up Now?
unemployedCoder-in-retraining asks: "As a recently "leisured" programmer, I'm very interested in trying to turn misfortune into opportunity. This means using this career discontinuity to bone up on the latest-n-greatest in the hot sectors of the industry, to offer a better chance of a finding another great job. Of course, then one asks: 'What's Hot?' The Telco/Switching sector seems to have flatlined (Nortel and Lucent as examples). Cable and DSL access device and service development seems to be struggling. Wireless 3G networks seem to be having a hard time in North America. And yet, we here that a recovery is underway and that the technology sector as a whole is picking up again. So I ask you: 'Where?' In what sectors? What are the most important new technologies to learn to enhance employability? Somewhere, somebody is hiring or will be soon. What do I and other victims of the slowdown have to know to 'get back in the saddle' in the near future?"
By the time you figure out what's hot and train for it, it won't be hot any more. Just do what you like to do, do it well, and put yourself in a position where somebody will recognize you for it. Chasing trends will only exhaust you.
We reserve the right to serve refuse to anyone. -management
Sounds more like a thermodynamics problem
Porn has always made money, and always will. So if your morals are OK with it, go be a gearhead for a porn site or publisher.
I don't remember who said it, but I once read a quote that was along the lines of "The whole of computer science is nothing more than methods for increasing the efficiency of generating, storing, transmitting, viewing, and enjoying pornography." Heh.
Or, to update the recurrent slashjoke:
Where I'm working (large financial institution) they're starting to look into AI as a means of predicting market movement and trends. One could see this as becoming key in other areas as well. Any field that tries to predict chaos or long-term trends could potentially be looking into this.
Of course, there's the danger you'll invent a supercomputer that takes of the world and sends killer robots back in time to kill the leader of the resistance. This naturally would lead to his psychotic mother trying to kill you and you ultimately sacrificing yourself to save the future. Something to think about.
- In hell, treason is the work of angels.
Good times or bad times, the adult industry is unaffected. And they are always the first ones to adopt new tech...
-- OMFG = Oh My Floatse Goatse
Just look at the stock market. Biotech is the future, my friend. In the new annual ranking of the Nasdaq 100 index--made up of the 100 largest nonfinancial companies ranked by market capitalization--seven of the 13 companies added were in biotech. The new entrants include such familiar names as ImClone Systems (IMCL ), Cephalon (CEPH ), Sepracor (SEPR ), and Invitrogen (IVGN ); they replace 13 faltering tech, telecom, and Internet outfits, including onetime stars CMGI (CMGI ), 3Com (COMS ), and Palm (PALM ). All told, biotech companies now represent 12.7% of the market capitalization of all the companies in the index, nearly triple the share they held only two years ago.
Sounds an awful lot like the Internet bubble all over again, I know. And in one sense, it is: The high market capitalization of many of these stocks suggests that investors are paying a lot in anticipation of future earnings that may never materialize. It costs tens of millions of dollars and can take five to 15 years to get a drug from the test tube to the clinic--and many drugs simply don't make it.
In several ways, however, this boom is different. The industry is more mature than it was a decade ago, when it last rose and fell. New alliances, new products, and new financing should combine to produce lasting growth in this once-turbulent field. There are some 300 biotech products in Phase III testing, the final stage of human experimentation before seeking Food & Drug Administration approval. The FDA issued 32 approvals for biotech drugs in 2000, a 45% increase over 1999. Sales of biotech products rose from $16.1 billion in 1999 to $18.1 billion in 2000, an increase of 12%. And there were 22 profitable biotechs in 1999, up from 17 in 1997. In addition, there is a distinct lack of bearded linux hippies in biotech, making it a much more attractive market segment to the general public.
Furthermore, unlike many Internet companies, the biotech companies are targeting clear and existing markets. Many Internet companies devised products without knowing whether there were markets for them. Others, such as Yahoo!, aimed for ad revenues that proved far smaller than hoped. Biotech companies don't have that problem: A drug for arthritis or cancer, say, has a huge market. If their drugs work, the biotechs will make money.
Excitement in biotech will likely get another boost when the climate for initial public offerings improves. There are 50-100 biotech companies waiting to go public, says Oronsky. That's where casual investors should be especially careful. Some of today's most promising biotechs will undoubtedly fall short of the hype. Unfortunately, that's one way this boom won't differ much from the last.
The theory of relativity doesn't work right in Arkansas.
IsMyJobHotorNot.com
This may be the next big thing, but right now most of what the usual geek could get into seems mostly hype. What I am talking about is the field of Bioinformatics. From what I understand, Bioinformatics is basically "data mining of biotech databases" - more or less. I know there are a few books available on the subject (including one by Oreilly). The main problems with "breaking into the scene" is most positions, when offered, require you to have some kind of science degree (biology related, generally) - even though it is just data-mining. I tend to wonder if it is because you really have to know the terminology behind the data you are looking through (maybe), or if it is just such a young field that the employers thinks they need such people right now.
It is something I would like to get into: I live in Phoenix, and the city is trying to get something going here called the "International Genomics Commission" (IGC - the "C" part I am hazy on) - basically a huge research lab for biotech, etc - so far, it is seemingly being sucessful. Anyhow, I haven't got a chance in hell of possibly getting onboard "early", so to speak, because not only do I not have a degree in any bio science area, but I don't have a degree at all (ok, I take that back, I do have an Associates, but from a tech school - read: Near Worthless). All I do have is 10+ years of professional experience in software development and database applications - but I am not sure that will count for much, at least at this point in time.
Another area to consider: Alternative Energy Research - I am not talking solar, etc - but more on funky engine and prime mover designs, etc - I am seeing more of this stuff crop up all over the place.
Reason is the Path to God - Anon
I see lots of growth in Web services and entertainment. There are lots of companies transitioning to membership based models now, and that generates a lot of work to build those subscription systems and management tools.
I just hired four new developers at my company, so I will give you some pointers for actually getting in the door once you have found a company to interview for:
#1 - Accept the fact you'll most likely make less money than your last position. Times have changed in most markets. I hired for four positions and had 150 resumes (not counting the throw them in the trash right away kind). Lots of people I interviewed were looking for salaries that were gone with the 1999 dot com frenzy. Don't mentioned your MBA or Masters in CompSci fifty times, either.
#2 - Don't accept less money than you're worth. With #1 being said, don't short sell yourself either. Companies are getting away with murder when they hire right now because the market is so bad for those out of work. You want to come across as someone who is WORTH every penny you ask for. How to do this? Focus on things at your previous jobs that increased efficiency or saved your company money. As an example, someone I hired told me about how they cut their company's bandwidth costs by 30% by installing a proxy that used mod_gzip on everything going out. Companies will pay for people who will not only save them money, but FIND them ways to save even more money.
#3 - Be assertive, but not forceful. People who call me every two days to follow-up annoy the heck out of me. It sends a signal that you're desparate and don't have other options. Definately send an E-mail thanking the person for an interview with a couple BRIEF thoughts. If you call back more than once and don't hear back, don't waste your time chasing the job.
#4 - Focus on MY needs, not yours. I don't want to hear about how you are really heavily involved in open source, or have this web site you help maintain on the side that gets uber traffic. Things like that spell distraction to me. Review the Web site or product catalog of the company you are going to interview for. Do a Google search and read recent press on the company. Try to get an idea of what challenges the company is facing and apply your past project experience directly to that.
#5 - Dress and act appropriately. Don't show up in a suit unless it's an executive position and you're in an area of the country that requires it. Being overdressed makes you look out of place, and tells me you haven't been in circulation or interviewed much. Comb your hair, take out those nose rings (unless you're a graphics person, haha), and ask questions. If you don't understand something you're asked, say so. Nothing is worse than watching someone try to fake their way through an answer.
#6 - Base the business on the numbers and the market, not the Herman Miller chairs. Our office isn't super deluxe. It's pretty spartan, just a couple floors of cubes and Costco desks, tables, etc. But we're profitable for over a year, have over three million users, have positive growth, and have been in business on the net for over six years. You won't find a good job that will last if a company spends more on their office than their payroll.
#7 - Avoid the startup...This one is more of my personal experience, but most people I know are sick of hearing about startups. Hearing someone works at a startup in most cases sends up warning signs. You're better off working for a smaller, established company that is challenged by it's growth and needs quality people. You'll learn a lot more when you don't have to worry if your paycheck will be coming next month.
Just some thoughts from the front lines of a smallish Internet company in Seattle...Hope this helps!
Case
Bioinformatics.
Just north of Washington DC area there are almost 200 companies that are working in the bioinformatics area s. Subject knowledge is good of course but even better is knowledge of Perl. O'Reilly even has 2 books Beginning Perl for Bioinformatics and Developing Bioinformatics Computer Skills
Then there are companies that are doing lots of work regarding facial recognition.
Hope this helps.
The field here is wide open. Lots of university biology departments are spinning off companies to make innovative new sensors, so you can get involved there. Or you can go and manage a Beowulf cluster for a big drug firm. Or anything in between.
Paul.
You are lost in a twisty maze of little standards, all different.
Copy protection seems to be a growth industry at the moment.
john
i know it sounds like a trendy buzz-word but i think it's here to stay and some seriously cool stuff will start to happen soon (look at Google).
The web is dead.
I didn't create this tech but I am using it to replace shitty HTML+Jscript+prayers+sacrifices web-based interfaces. There are some other guys like XWT too but XWT is simple, straightfoward and fast. It essentially projects UIs -- do you forms locally (on the client machines) but all your business logic sits on a server where it belongs. Talkes XML-RPC and SOAP. Very cool. Way way way better than what I would call traditional "web services."
Buzzzt! Guess again. Try counting up all the actual programming jobs using the "hot trends"; this number will be *far* lower than the "other" programming jobs out there (no... don't just look at Monster... I mean all potential programming jobs). There are many shops underserved with regards to the meat n' potatoes apps that a lot of "good" programmers snub their noses at, so these shops end up with money-grubbing consultants who swoop in and leave crap behind. Commit yourself to *high* quality and helping (yes, really HELPING) businesses thrive. Fix their existing systems and build quality new systems, and you'll go far. Sticking to the bleeding edge stuff (i.e., .NET) will drive you crazy and lead you off many "lemmings cliffs."
Steve Magruder, Metro Foodist
My grandfather once told me:
"Be an undertaker, kid. No matter how bad things get, you will always have customers."
Table-ized A.I.