Spintronics is an emerging field that uses electron spin rather than charge to carry information. It promises devices with enhanced functionality, higher speeds, and lower power consumption compared to traditional electronics. Spintronic devices work by manipulating the spin states of electrons in ferromagnetic materials using magnetic fields. Potential applications include magnetic RAM that retains data when power is off, magnetic sensors, and spin transistors. Spintronics may enable smaller, more energy efficient devices and become comparable to electronics within 10 years due to its non-dissipative nature.