Technology thrives on change, with constant innovations shaking things up. Yet, the past few years have been extra bumpy. Interest rates went up, VC funding became scarce, and mass layoffs became a common occurrence, adding to the tech industry’s unpredictability.
Now that things are settling down, companies are hiring more thoughtfully, making jobs in various tech fields a safer choice. Let’s see where smart job seekers are focusing their attention in 2024.
Artificial intelligence
The topsy-turvy CEO switches at OpenAI, the brains behind ChatGPT, towards the end of last year might not shout “stability,” but one thing’s for sure – AI and Generative AI are still the talk of the town.
Tech giants like Apple, Meta, and Microsoft have already cashed in on AI, watching their stock prices soar. However, 2024 is expected to be the year when companies beyond the big tech players jump on the AI bandwagon, aiming to trim expenses and boost efficiency.
According to KPMG’s research spanning various industries, 71% of companies aim to roll out their initial GenAI solution within the next two years. Additionally, a whopping four-fifths of firms plan to bump up their AI investments by more than 50% by the end of the first half of 2024.
Well-paying gigs in AI cover jobs like quick-thinking engineers and roles that involve dealing directly with clients, such as AI Architects.
Also Read: Here’s how AI has changed music, cinema, and art industries
Fintech industry
Other than the ups and downs of cryptocurrency and Bitcoin, the fintech industry is steadily enhancing financial services for both individuals and businesses, with valuations holding firm.
Predictions suggest that by 2026, the market is expected to grow to a whopping $37,343.95 billion, with a solid 9.6% compound annual growth rate (CAGR). Salaries continue to be quite attractive throughout the sector.
In this job market, data engineers, full-stack Java developers, and legal experts are in for a treat as technology and regulatory demands keep evolving. If you’re on the lookout for a fresh opportunity in 2024, check out the House of Talent Job Board for your next gig. Here’s a sneak peek at who’s hiring at the moment.
Cybersecurity
Despite the strides in AI technology, the flip side is that it’s become more effortless to fake and deceive people online, and on a large scale. Deepfakes can bypass voice and face recognition access controls, while phishing attempts can be automated relentlessly.
With organizations and industries undergoing cloud transformations and remote work becoming the norm, cybersecurity has never been more crucial. In-demand roles in this field encompass cybersecurity engineers and cybersecurity analysts.
SumUp
Based in London, the worldwide fintech company SumUp is on the lookout for new hires in Berlin, Paris, Cologne, and beyond, after securing a €285 million funding round last month.
With ventures into lending, the launch of fresh hardware and software products, and the expansion into additional markets, working at SumUp is definitely an exciting prospect. The available positions cover a broad spectrum and include senior engineers and developers, account and sales managers, and data analysts.
BNP Paribas
Currently posting job opportunities in the thousands, the prominent European banking entity BNP Paribas is honing in on three key strategic pillars as outlined in its GTS 2025 plan: growth, technology, and sustainability.
In 2023, BNP Paribas brought onboard approximately 400 early-career talents through its graduate program and introduced new mobility products and financing services in collaboration with Jaguar and Land Rover across nine European markets, among other accomplishments.
Right now, they’re looking to fill several roles in cybersecurity and AI business analysis. While these positions are open across Europe and Canada, a significant number of them are based in Paris, Nanterre, or Dublin.
Adobe
Given their role as the minds behind visual tools like Photoshop, InDesign, and Illustrator, it’s no shocker that Adobe is putting substantial resources into AI. Their latest offering, Firefly, is a Gen AI service that generates images from text prompts, allowing for editing – somewhat akin to OpenAI’s DALL-E 2.
Despite ditching the $20 billion acquisition of Figma due to regulatory worries, employees and potential hires can find solace in knowing that reserves are still available for M&A and innovation. There are numerous roles available in Europe, with options in Amsterdam, Munich, Paris, and Dublin.
Also Read: Top five AI trends the banking world could see in 2024
Tech that would drive innovation in 2024
Exciting tech advancements are shaking things up in the medtech arena. Across Europe, companies and research groups are joining forces to address genetic information, widespread diseases, and sudden health crises.
The quantum revolution
Even though the quantum revolution is still a bit down the road, industries and states are already getting on board with this potentially game-changing tech. In healthcare, quantum computing is predicted to hit a whopping global market size of $1 billion (€0.9 billion) by 2030, highlighting its growing significance in the future of medicine. Quantum’s effect on healthcare could be huge, no doubt. Quantum computers can handle trillions of units of information simultaneously, making them way faster than their regular counterparts.
One cool thing is quantum simulation, where top-notch qubits in quantum computers can mimic molecules and run chemistry simulations. According to Wisby, this quantum simulation could really shake things up in drug discovery and dealing with diseases we can’t cure yet.
There’s another upside to this quantum game: the muscle of quantum machine learning. It can pull off “faster and more accurate data pattern identification, classification, data compression, and image classification.” That could amp up diagnostic tools and even cook up models that predict diseases.
VR and remote monitoring
According to Dr. Hughes, founder and CEO of Cinapsis, the next year will see more people getting on board with solutions like virtual hospital setups and remote monitoring gadgets such as wearables. The global market value for these goodies hit a whopping $30.06 billion (€27.3 billion) in 2023.
Amanda Philpott, the brains behind the hearing training app eargym, predicts that the continued rise of wearables and health apps will offer another perk: shedding light on health conditions that often fly under the radar but can seriously impact both individuals and resources.
Meanwhile, with waiting times for surgeries hitting all-time highs in Europe, Alison Sundset, CEO of Holocare in Oslo, anticipates that the spotlight will be on virtual and mixed reality next year. Holocare, her company, offers a 3D surgical planning holographic toolkit.
