Technology

What is the Internet of Things?

Published

9 years ago

July 15, 2014

Jeff Desjardins

What is the “Internet of Things?”

According to some estimates, by next year, there will be twice as many devices connected to the Internet than there are people in the world! By the end of the decade, that number may hit 50 billion and The Internet of Things (IoT) market is estimated to be valued at $7.1 trillion.

The following major companies are shaping the IoT space and are worth looking at for exposure to this important trend.

Google (NASDAQ: GOOG)

Google is a major player in the IoT market through its home automation efforts. The tech titan has made many acquisitions in this industry in the past few years. Most notably, Google acquired the home automation company, Nest, for $3.2 billion earlier this year.

Apple (NASDAQ: AAPL)

Apple is determined to make a harmonious user experience for all the devices in your home. Apple’s initiative, HomeKit, is a new framework for communicating with and controlling connected devices in a user’s home. Some have speculated that this will be Apple’s next disruptive move.

Skyworks Solutions (NASDAQ: SWKS)

Skyworks is a major supplier of connectivity chips to some of the biggest players in the tech world, like Apple and Samsung. The company has been investing in IoT initiatives at a feverish pace and will likely grow its market share.

Philips (NYSE: PHG)

The light bulb game is set to change and Philips is ahead of the curve. Incandescent bulbs are slowly being phased out, in favour of LED bulbs, and Philips is offering products that can be controlled through your smartphone.

Intel (NASDAQ: INTC)

Intel has always been a major force in providing other tech giants with processors and chips. To keep up with the IoT industry change, Intel has released a new type of super-efficient chip that can be used in wearable devices.

Goldman Sach’s IoT Predictions

If you would like to check out even more promising IoT companies, here’s a list of Goldman Sach’s top picks for stock best positioned to take advantage of the IoT trend. Interestingly enough, Goldman did not include Apple or Google on this list.

Original infographic from: PostsScapes.com

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Technology

Visualizing the Top U.S. States for AI Jobs

Nearly 800,000 AI jobs were posted in the U.S. throughout 2022. View this graphic to see a breakdown by state.

Published

4 days ago

May 26, 2023

Marcus Lu

Visualizing the Top U.S. States for AI Jobs

Much ink has been spilled over fears that artificial intelligence (AI) will eliminate jobs in the economy. While some of those fears may be well-founded, red-hot interest in AI innovation is creating new jobs as well.

This graphic visualizes data from Lightcast, a labor market analytics firm, which shows how many AI-related jobs were posted in each state throughout 2022.

In total there were 795,624 AI jobs posted throughout the year, of which 469,925 (59%) were in the top 10. The full tally is included in the table below.

Rank	State	Number of job postings	% of total
1	California	142,154	17.9%
2	Texas	66,624	8.4%
3	New York	43,899	5.5%
4	Massachusetts	34,603	4.3%
5	Virginia	34,221	4.3%
6	Florida	33,585	4.2%
7	Illinois	31,569	4.0%
8	Washington	31,284	3.9%
9	Georgia	26,620	3.3%
10	Michigan	25,366	3.2%
11	North Carolina	23,854	3.0%
12	New Jersey	23,447	2.9%
13	Colorado	20,421	2.6%
14	Pennsylvania	20,397	2.6%
15	Arizona	19,514	2.5%
16	Ohio	19,208	2.4%
17	Maryland	16,769	2.1%
18	Minnesota	11,808	1.5%
19	Tennessee	11,173	1.4%
20	Missouri	10,990	1.4%
21	Oregon	10,811	1.4%
22	Washington, D.C.	9,606	1.2%
23	Indiana	9,247	1.2%
24	Connecticut	8,960	1.1%
25	Wisconsin	8,879	1.1%
26	Alabama	7,866	1.0%
27	Kansas	7,683	1.0%
28	Arkansas	7,247	0.9%
29	Utah	6,885	0.9%
30	Nevada	6,813	0.9%
31	Idaho	6,109	0.8%
32	Oklahoma	5,719	0.7%
33	Iowa	5,670	0.7%
34	South Carolina	4,928	0.6%
35	Louisiana	4,806	0.6%
36	Kentucky	4,536	0.6%
37	Nebraska	4,032	0.5%
38	Delaware	3,503	0.4%
39	New Mexico	3,357	0.4%
40	Rhode Island	2,965	0.4%
41	New Hampshire	2,719	0.3%
42	Hawaii	2,550	0.3%
43	Mississippi	2,548	0.3%
44	Maine	2,227	0.3%
45	South Dakota	2,195	0.3%
46	Vermont	1,571	0.2%
47	North Dakota	1,227	0.2%
48	Alaska	970	0.1%
49	West Virginia	887	0.1%
50	Montana	833	0.1%
51	Wyoming	769	0.1%

The following chart adds some context to these numbers. It shows how the percentage of AI job postings in some of the top states has changed since 2010.

We can see that California quickly became the primary destination for AI jobs in the early 2010s, presumably as Silicon Valley companies began developing the technology.

California’s share has since declined, with a significant number of jobs seemingly moving to Texas. In fact, many tech companies are relocating to Texas to avoid California’s relatively higher taxes and cost of living.

The 10 Most In-Demand Specialized Skills

Lightcast also captured the top 10 specialized skills that were required for AI-related jobs. These are listed in the table below.

Skill	Frequency (number of postings)	Frequency (% of postings)
Python	296,662	37%
Computer Science	260,333	33%
SQL	185,807	23%
Data Analysis	159,801	20%
Data Science	157,855	20%
Amazon Web Services	155,615	19%
Agile Methodology	152,965	19%
Automation	138,791	17%
Java	133,856	17%
Software Engineering	133,286	17%