This "gold rush" started few years ago already. I wonder how long this is going to last?
Is a temporary bubble (say 5 year horizon) or is it backed by solid fundamentals (economic / job market wise) in such case personal investment or career switch would be justified, especially coming from relatively remote discipline?
Guess there is an interesting article (IEA) on digital economy trends and the impacts on energy use:
It is established that the energy supply is contracting and there are various reasons behind this, including:
- Fossil fuels are now depleting and we do not have a replacement yet;
- Nuclear projects will continue to be facing big challenges, in addition the lead time is very long and projects require huge capital investments; lot of know-how has been lost as the closing of many plants has decimated this industry is some regions (for example in France where it is going to be hard to get this expertise back).
- What is the real/true cost of renewable when fossil fuels (cheap energy) are taken out of the equation.
So my question here (open debate): will the digitalisation industry see a contraction when the energy will unavoidably collapse?
Just a quick highlight from the quoted article:
Beyond the next five years, providing credible assessments of energy use by digital technologies is extremely difficult. Direct energy use over the long run will continue to be a battle between data demand growth versus the continuation of efficiency improvements.
On another aspect of the OP question, I think the real question is not how to make the switch; it is how to differentiate and have an edge on a job market that has already gained maturity and is already highly competitive.