Recently I became very much intrigued by algebraic topology and am spending quite some time learning it. My reasons are three-fold:
- it's a beautiful theory;
- it gives geometric justification to (or perhaps rather an application of) many purely algebraic structures; and
- it has fascinating applications in quantum field theory and condensed matter theory.
Nevertheless, what I am familiar with currently are just basics: various homology and cohomology theories, homotopy theory and some standard applications (Brouwer, Borsuk-Ulam, etc., etc.). While these are of course interesting of and by themselves (and I expect spending a great amount of time on understanding all of this properly), I guess it is more or less understood for some fifty years now, so supposedly people work on topics far more advanced than this (or at the very least they use far more advanced tools to understand standard but hard problems).
So, I'd also like to know what the field is about from the modern perspective (some interesting problems and research topics, advanced tools, etc.) so that I can see a little where will the study of the subject lead me in the long run.
Sorry if the question is too broad but I am not sure where else to look (I've more or less browsed through all general articles on AT at wikipedia and tried to search MO too). I've heard few magic words like K-theory, sheaf cohomology, various spectral sequences, etc. but I don't understand these at all yet; more importantly my motivation to learn these things is lacking since I have no idea how or when these magic words are used (although I am pretty sure they are used a lot).
By no means do I speak for algebraic topologists, but as a geometric topologist who wishes to formulate problems in some form of algebra.
(1) One recent trend in low dimensional topology has been to translate diagrammatic manipulations into algebraic equations. The conversion of the braid relation $s_1s_2s_1=s_2s_1s_2$ into the Yang-baxtger relation is one example. More generally, the category of tangles is a braided monoidal category. Invariants of knots can be found by finding functors to other braided monoidal categories.
In a tortuous route, from Jones, to bracket, to Khovanov, through pre-sheaves, Turner has related knot invariants to invariants derived from stable homotopy. His idea illustrates many trends in the application of algebraic topology to low dimensional questions.
(2) Again in the low dimensional realm, I would consider problems that are concerned with the the computation of quandle homology to be very important. But the desire for such computation is quite personal. Quandle homology is intimately related to knotting. The most recent works on this by Clauwens and independently by Nosaka represent great use of the existing machinery to study geometric problems. Both works rely heavily on the ground breaking ideas of Fenn, Rourke, and Sanderson. Still algebraic techniques such as spectral sequences and/or projective resolutions are far from being used uniformly.
(3) To expand upon item (1) a bit further, I think that there is much to be done in understanding an interpreting diagrammatic descriptions of knots, manifolds, embeddings and immersions. In particular, the idea of turning diagrammatic equivalences into algebra is extremely fruitful. On the other side, the ideas of categorification from the point of view of Khovanov's work lead to diagrammatic algebra. This new algebra is not algebraic topology as it was practiced in the 20th century, but a new type of algebraic geometry. Still it will be informed by the constructions of loop spaces, classifying spaces, suspensions, and fibrations.