AI or Blockchain: Which Technology Should You Learn for Your Future Career? (2024)

Deciding Between The Two Revolutionary Technologies

The rapid growth of the technology industry has created numerous opportunities for individuals interested in areas such as artificial intelligence (AI) and blockchain from a career perspective. AI and blockchain are both developing fields with the ability to transform many industries.

Let’s compare and contrast AI and blockchain to help you decide which one to pursue based on your interests, career goals, and the sector you want to work in.

AI: Overview

Artificial intelligence is a rapidly expanding area that entails the creation of intelligent machines and software that can mimic human cognition, such as learning, problem-solving, and decision-making. AI has a wide range of applications, ranging from banking and healthcare to robotics and gaming.

Machine learning, natural language processing, robotics, computer vision, and other subjects are all covered in the field of AI. AI may be a good area to study if you enjoy working with data, complex mathematical concepts, and creating intelligent systems and algorithms.

By automating tasks and making predictions based on data analysis, AI has the potential to transform many sectors, including healthcare, finance, and transportation. AI, for example, can assist physicians in diagnosing diseases more accurately, identifying fraud in financial transactions, and optimising transportation routes for delivery services also how can we forget that it also helps as an assistant to an individual or organisation? The best example of the same can be given is OpenAI’s chatGPT.

AI has been around since the 1950s, but recent advances in machine learning and deep learning algorithms have led to significant breakthroughs in the field.

Blockchain: Overview

Blockchain is a digital ledger technology that is decentralized, secure, and transparent, and it is used to record and validate transactions on a network of computers. It is most frequently associated with cryptocurrencies, but it has a wide range of potential uses, including supply chain management, voting, identity verification, and data storage.

The fundamental concept of blockchain is that transactions are documented in a decentralized network rather than a single entity, which makes it more secure and transparent. Each data block is cryptographically linked to the one before it, forming a chain of blocks, hence the term blockchain.

If you are interested in decentralized technologies and the potential of blockchain to disrupt traditional industries, then learning about blockchain may be a viable option for you. The blockchain industry is still in its early stages and has many opportunities for growth and development.

By providing a secure and transparent way to validate transactions and data, blockchain has the potential to transform many sectors, including finance, healthcare, and supply chain management. Blockchain, for example, can help reduce the risk of fraud in financial transactions, secure medical records, and monitor the origin and movement of goods in a supply chain.

Blockchain was invented in 2008 by an unknown person or group of people using the pseudonym Satoshi Nakamoto.

Which One Should You Learn?

The decision to study AI or blockchain ultimately comes down to your interests, career goals, and the sector you want to work in.

If you enjoy working with data, complicated mathematical concepts, and developing intelligent systems and algorithms, AI may be a good fit.

If you are interested in decentralized technologies, cryptography, and the ability of blockchain to transform industries, blockchain may be a suitable fit.

Apart from the future scope of the technology, it is also equally important to evaluate the job market in each field. There are numerous job opportunities in AI and blockchain, but the particular skills and knowledge needed for each role may differ. Investigate the local job market and identify the skills and qualifications needed for the positions that interest you.

AI & Blockchain can complement each other too

AI and blockchain technology can be used together to build more efficient and transparent systems. AI algorithms can analyse data and automate processes, whereas blockchain technology can manage data and execute automated processes in a secure and transparent manner.

When combined, they have the potential to open up exciting new possibilities such as intelligent supply chain management, predictive maintenance, and decentralised autonomous organisations. Sensitive data used for AI models can be securely managed and protected using blockchain, which aids in the development of trust in AI-based predictions and decisions.

Combining AI and blockchain technology can result in more efficient, secure, and transparent systems and new and innovative use cases.

Finally, whether you study AI or blockchain should be based on your interests, career goals, and the industry you want to work in. Both fields have the potential to transform many industries while also providing exciting possibilities for growth and development.

To summarise, whether you pursue AI or blockchain, it’s critical to remain current on the newest developments in the field and continue learning and growing as the technology evolves. You can carve out a successful job in these exciting and rapidly growing areas by keeping informed, pursuing your interests, and upskilling yourself regularly with technological advancements.

References:

https://www.quora.com/What-should-I-learn-AI-or-blockchain/answer/Tanish-Gupta-206

https://www.simplilearn.com/blockchain-technology-vs-artificial-intelligence-article