.Photo by Kelly Sikkema on Unsplash
As 2020 has comes to a close, we wanted to take a moment to reflect on all the changes in technology as well as look to see where things are going.
Whether you are looking at start-ups and their IPOs, improvements in technology or you paid attention to Amazon Re:Invent. We saw a year filled with companies continuing to try to push boundaries.
A personal favorite announcement from 2020 was AWS's SageMaker Data Wrangler that is designed to speed up data preparation for machine learning and AI applications. This seems like a great move even more so towards having more fluid machine learning pipelines which will hopefully further make machine learning more accessible to companies not focused on tech.
But 2020 is ending.
So we asked people from various parts of the tech world to provide their insights into what they were looking forward to in 2021. Whether that be new start-ups, technologies or best practices.
Let's see what they had to say.
1. Sam Cannon --- Facebook --- Data Scientist
I feel like natural language processing (NLP) is currently moving at an unfathomable pace, which is simultaneously exciting and frustrating. Once I have established a decent pipeline for text classification or distributed word representation clustering, a new model comes out that outperforms what I was using yesterday.
That being said, I am super excited in the direction that NLP is taking, particularly with respect to open-source solutions for complicated NLP tasks. One of my favorite companies in this space, and my personal barometer of open-source, state-of-the-art NLP, is Hugging Face. Hugging Face is following a creed of "solv[ing] NLP" through democratizing complex NLP models and tasks that would normally be impossible for many individuals to utilize due to the lack of computational power or expertise.
They already offer simple sentiment analysis solutions that require minimal user-input. Building on that, I think 2021 will usher in a wave of pre-packaged SOTA NLP models that can be used with one line of code. While it is impossible to forecast what will truly be accomplished in this space in 2021, I believe that, at the very least, out-of-the-box NLP models will allow more people to gain insights from their natural language data than ever before, and that is what I am most looking forward to in our field in 2021.
2. Catherine Tao --- The Data Standard --- Data Scientist
I am excited to see how cloud computing will be innovated in the tech space for 2021. As of now, the cloud is a space for a company's data to be stored. There have been some challenges with this such as scalability, efficiency, data streams and more. I want to see how cloud computing can be improved in order to balance some of these major issues that tech businesses are facing. Many companies are struggling with how to bring AI into their businesses and this results in certain companies falling behind in the tech industry. By innovating cloud computing, more companies should be able to implement Artificial Intelligence at their companies and deploy projects/ products at a more productive level.
3. Riley Kinser --- Terrain --- Head of Product
Looking into 2021 (hopefully a much brighter year for commercial real estate!) my primary focus is to become an expert on both new and established tools for mapping geographic data. One of my primary roadmap objectives is to translate our insights at Terrain into maps which are easy to interpret for our end users.
A lot of the examples in the industry today are done using ArcGIS, which is an older, but well-established tool for mapping data. I believe better tools may be out there, which presents an opportunity to provide our clients with a new take on an old classic. Two of the tools I'm interested in exploring are open source projects developed by Uber: H3 and kepler.gl. One of the main advantages to H3 that I see is the ability to subdivide the world into hexagons of varying sizes depending on zoom.
This solves one of the early problems we identified, which is that different users like to take different perspectives on the boundaries of neighborhoods, submarkets, or cities within a metro area. This also better enables us to develop maps internationally where data around boundaries can be harder to obtain. kepler.gl on the other hand is interesting because of its relative ease to develop and host online for end users or for an MVP. Uber developed Kepler.gl to allow users internally (technical and non-technical) quickly develop maps, which could be shared for visualizing ideas from geospatial data. One of the other fun things that kepler.gl supports is the ability to easily visualize geographic data over a time series. I expect to begin with kepler.gl for our MVP and then explore H3 as we begin to collect user feedback.
4. Chris Zeoli -- Base10 Partners --- Principal at Base10 Partners
While there are a number of trends I am very excited about, eCommerce (particularly the rise of Shopify and the associated tools with it) and telemedicine are two of the areas I am most excited about. I've written about the Shopify ecosystem (link) and the company continues to reach new heights, powering over $100B of GMV for over 2M merchants.
I am particularly excited about its new partnerships with the likes of Facebook/Instagram, TikTok, Alipay, Affirm and Pinterest, as Shopify becomes the underlying infrastructure for commerce across the major networks where consumers are. Its software as well as third-party ecosystem have been incredibly exciting to watch flourish. It's been interesting to see traditional areas of ecommerce spend continue to grow (apparel and fashion, CPG products, health and wellness, etc.) while seeing newer categories like food / grocery to auto come online through platforms like Shopify.
I'm also very excited by telehealth and new digital healthcare experiences. It's clear with COVID that healthcare is front and center in terms of what is "essential" for our economy. At 20% of GDP (and growing), the category has had few breakout outcomes and no FAANG scale companies yet. I would imagine that in 5 years, there will be at least one major player (and also expect to see Apple, Google and Amazon continue to push into healthcare). 2020 was a big year for telehealth, with Teladoc acquiring Livongo and creating the most formidable brand in digital health yet at $30B+ combined enterprise value and over $1.5B of ARR growing >100%. I'm excited to see a whole new wave of digital health experiences, that address the most essential human need in taking care of ourselves.
5. Jun Kim --- Facebook -- Data Engineer
The upcoming 2021 technology that excites me the most is the long-anticipated Apache Airflow 2.0 release. Ever since its initial release in 2015, Apache Airflow has been one of, if not the most popular workflow management system in data engineering.
Its great success can be attributed to the fact that it allows workflows to be written as code, simple but yet effective GUI, and its general flexibility in structuring data pipelines. With the new 2.0 release, everyone's favorite workflow management system will get even better. Airflow 2.0 will have many impressive added features including fully supported and comprehensive REST API, TaskFlow API, and Task Groups. And it also offers many improvements that include simplified Kubernetes Executor, scheduler with low latency, and even more intuitive GUI. I am excited to try out the new and improved Airflow.
6. Michael Mirandi --- Saturn Cloud.io--- Head Of Strategy
There are several technology trends that I'm excited to watch in 2021, but none more than the growing popularity of GPU computing in Data Science and Machine Learning. The shift is driven by performance first, as well as ease of use made possible through open-source project, RAPIDS. If you aren't familiar with it, RAPIDS enables users to execute Python code on NVIDIA hardware (Disclaimer, NVIDIA sponsors the project).
The team released the results of the industry standard Big Data Analytics Benchmarks earlier this year, where they outperformed by nearly 20x! It's also interesting that these benchmarks demonstrate not only the power of GPU computing for data science workloads, but also its ability to accelerate traditional data engineering ETL jobs. Will this lead to even wider adoption of Python? I'd be willing to bet on it, especially as a new crop of data science startups have recently released distributed GPU computing platforms --- that is the ability to spin up a cluster of GPUs in the cloud for unprecedented speed.
Tech In 2021 And Beyond
There is a lot to look forward to 2021. Whether it be pre-packaged SOTA NLP models that can be used with one line of code, natural language queries or improvements in frameworks like Airflow.
Small and large technology companies seemed to have continued on, even with all the Zoom fatigue.
We hope that 2021 will not only lead to technology improvements. We also hope that 2021 will be a year where we progress in areas that lifts everyones boats.
Thanks for reading, and good luck in the new year!
If you are interested in reading more about data science or data engineering, then read the articles below.
Developing A Data Analytics Strategy For Small Businesses And Start-ups
3 Ways To Improve Your Data Science Teams Efficiency
4 SQL Tips For Data Scientists
How To Improve Your Data-Driven Strategy
What Is A Data Warehouse And Why Use It
Latest comments (0)