AI Software Demand Opens Stable Tech Jobs in 2023

Photo by Christina Morillo

Last year’s layoffs and hiring freezes made Silicon Valley workers fear for their job security. But industry experts are calm as their data shows demand for tech professionals remains high. Based on one report, although 2022’s tech layoffs totaled 85,000 workers, more than 375,000 tech jobs remain unfilled. Moreover, over 70% of laid-off workers found a job within the first three months of unemployment.

Tech jobs in 2023 are not only abundant in the IT industry. Non-tech companies need tech talent as well. As the well-known adage reminds us: Every company is now a tech company. From healthcare to banking, education, automotive, and legal services, tech workers can find well-paying job options beyond IT.

Growth of the Artificial Intelligence Software Market

Tech professionals with experience in artificial intelligence are among the most in demand across industries. Businesses are increasingly integrating machine learning and automation into their operations; thus AI software sales are also forecast to grow. An industry report estimates the global artificial intelligence software market size to surpass $1.095 billion by 2032.

AI software enables a variety of functions. From unlocking smartphones with facial recognition to using virtual assistants and automatically filtering spam mail, AI and machine learning have become so ingrained in people’s daily life. 

But AI’s impact is not limited to accomplishing small tasks to make people’s lives more convenient. Vendors have developed AI-powered tools and apps for almost every industry. These tools and apps streamline business processes, improve customer experience, and provide services to distant locations. They can also carry out tasks that were not possible to do previously.

As AI technology advances and more businesses invest and adopt its use, tech professionals can expect more job opportunities in this sector. Artificial intelligence statistics from the World Economic Forum show that global developments in AI technology could create 97 million jobs by 2025. Healthcare, Automotive, and Financial Services are among the top industries increasingly investing in AI technologies.

Healthcare

Hospitals and pharmacies implement AI in medical diagnosis, drug discovery, clinical decision reports, and administrative operations. Physicians are using AI algorithms to analyze and identify patterns in medical images to diagnose diseases such as cancer and heart disease.

Meanwhile, medical practice management software can help doctors and other healthcare providers make more informed decisions by providing them with relevant information and recommendations based on patient data.

AI in wearables can monitor patients’ vital signs and alert healthcare providers of any changes that may indicate a problem. AI is also used to automate routine administrative tasks. These include scheduling appointments and processing insurance claims. Automation helps free up healthcare providers to focus on patient care.

Automotive

Car manufacturers use AI software and tools in autonomous vehicles. AI and IoT sensors enable predictive maintenance, helping car owners avoid sudden breakdowns and increase the lifespan of their vehicles. AI-powered safety systems are also helpful in preventing accidents. They can warn the driver of potential hazards or suggest alternative routes during traffic congestion or road mishaps.

Smart cities that use intelligent traffic control systems rely on AI and IoT devices. By using these tools, governments can manage traffic and transportation more efficiently. Intelligent traffic control systems include optimized traffic lights, accident detection, and real-time traffic advisory.

Financial Services

Banks, insurance companies, and trading platforms implement AI and machine learning in daily business transactions. AI can help detect fraud by analyzing and flagging suspicious activities. Banks and creditors use AI to analyze financial data and use those insights to predict a borrower’s creditworthiness.

Insurance and financial planning advisors can use digital tools with AI features to provide personalized services to clients. AI can help determine an investor’s risk tolerance and recommend appropriate investment products. Moreover, insurance companies implement AI tools to streamline underwriting processes and provide timely customer support via chatbots.