Neil Patel, a highly effective and influential marketer according to Forbes, recently shared during this interview his views on the future of the digital world. Specifically, he saw the online digital phenomenon that we are experiencing as a consequence of the COVID-19 pandemic as inevitable and permanent. Patel puts forward the argument that the pandemic has merely accelerated the embracing and adoption of the digital world by 5 years.
In a recent interview, Neil Patel, one of the top 10 marketers according to Forbes, believes that the shift from an offline-task-world to an online/virtual world due to the COVID-19 pandemic is not temporary but is something that would have happened five years down the line, inevitably. With the fourth industrial revolution on the brink and a rapid surge in the disruption of financial systems for the better, the next wave of high-paying reputable jobs appears to be in the world of tech.
As the pandemic shut down markets and stores, many people have been nudged to order everything from essentials to luxury goods online (part thanks to falling internet costs). The result? A 3% increase in global e-commerce retail trade in 2020 alone (compared to the previous year) despite the severe uncertainty plaguing many economies across the globe! These numbers are projected to increase by up to 50% between 2020 and 2024!
As a consequence of the epidemic, many small businesses were forced to set up their online store, market digitally, and adapt their existing business to the changing times. For those businesses that would not or could not pivot their business to the “New Normal” of conducting business online, many were forced to close their doors (both temporarily and permanently). When we look for the core tech skills that will be necessary to succeed in the E-Commerce sector we see:
As per the data for Hong Kong, currently, there are approximately 4,502 Software Engineering job listings. From that, around 1000 are engineer job listings and 800 are developer job listings. There are about 2000 entry-level software engineer positions, 1,700 mid-level positions and about 500 senior-level software engineer positions.
For the UX/UI Designers market in Hong Kong, currently, there are approximately 2,000 UI UX job listings. From that, there are about 700 entry-level UX UI Designer jobs opening, 800 mid-level UX UI Designer jobs opening and around 400 senior-level UX UI Designers jobs opening.
Read Also: How E-commerce is evolving with Technology
While Work from Home (WFH) is gaining traction on social media and news sites, LFH (Learn from Home) seems to be the silent wave in the education space.
The young Gen-Z population was tech-savvy much before the onset of the coronavirus pandemic. So, it was only a matter of time before the general population realized the benefits that the EdTech space had to offer all parties – students, parents/guardians, and teachers. The EdTech space is still in its infancy stage and is expected to cross the USD 20 billion mark by 2025 at a CAGR of over 30%!
Some in-demand skills for EdTech professionals are:
The COVID-19 pandemic has been devastating and catastrophic to all nations alike. However, on the bright side, it sped the process of making healthcare accessible to all by innovating the healthcare sector.
With improvements in technology, patients can avail the help of a seasoned healthcare worker almost instantaneously!
According to a report by McKinsey, almost 4 out of 5 physicians offered virtual visits, and about 3 out of 5 consumers seemed interested in more virtual-first healthcare solutions!
In these new times, your wallet and phone are unlikely to be in different pockets. As efforts to maintain social distancing keep growing, so does the need for effortless, secure, and reliable contactless payment options. Companies such as Apple and Google have been investing and innovating in this space over the last few years. As a result, there was a 19% increase in the usage of contactless payments by SMBs in 2020.
Below are some in-demand professions in the fintech industry.
Approx Annual Salary
AI and ML Specialist
You too can make your way into the future of finance with Xccelerate's courses on fintech.
People across the world realize the advantages of digital marketing over traditional marketing. By making data-driven decisions and fine-tuning ad campaigns, companies can growth hack their way to success. Furthermore, the surge in the adoption of digital platforms due to the coronavirus pandemic has accelerated digital marketing and growth hacking - making it an impeccable place for new job seekers to get started in their career path. Upskill yourself today with Xccelerate's 4-week hands-on Digital Marketing and Growth Hacking course.
Read Also: Which Tech Career Is Right for Me?
All in all, infusing tech in everyday lives seems to not only make living convenient and luxurious but also enforce safety by promoting social distancing without the expense of distancing from relationships. Bagging a job in one of the five above-mentioned tech spaces can put you on the path to success and financial freedom in the post-COVID world.
Learn more about companies in Hong Kong that are hiring tech talent and have open positions.
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