Latest Software Development Trends for the EnterpriseMay 15, 2021
There is no secret about the fact that the IT industry is all set to experience a whole new era starting with the advent of the latest software development tools. The current trend in the IT industry, as indicated by the latest CMO statistics, points to a significant growth in the software development market. It has been observed that nearly 50% of the organizations are implementing the latest technology in their business processes. Furthermore, there is a general belief in the market that the IT industry is witnessing unprecedented growth in the coming years. This is also accompanied by a drastic change in the attitude of the organizations towards the use of IT infrastructure and software in their business operations.
There is a distinct possibility that we may witness a paradigm shift in the years to come where the most prevalent usage of IT infrastructure and software solutions will be in the areas of machine learning and artificial intelligence. Machine learning is fast becoming the most popular method used for deployment in the business. According to estimates, it is estimated that the usage of machine learning in various segments like eCommerce, pharmaceutical industries, finance, education and other vertical markets is likely to touch 500 million dollars by the end of the next decade. Similarly, artificial intelligence is the hot favorite and the current leader in the market, as evidenced by the nearly one hundred percent market share that Google, Amazon and IBM are enjoying in the area of artificial intelligence research.
While the use of IT infrastructure and software in business processes is fast touching the all time high mark, there is a distinct possibility that we may witness another trend where data from big data analytics will be increasingly used. The big data analytics is currently being used by organizations like Apple and Amazon to derive intelligent insights on what customers are actually looking for. The cloud based services like elastic load balancing and role tailored hosting is expected to make it easier for companies to gain insights into real-time data. Organizations can also make use of the software applications like Salesforce, Microsoft Dynamics, and others in order to gain access to the massive troves of information stored in the big data analytics. This trend will further fueled by the adoption of mobile and web technologies.
Another latest software development trend in the area of enterprise software is pandemic identification. This is a set of algorithms and techniques that help organizations identify potential threats in real time and reduce the chances of an outbreak. Based on the latest study, this may grow to over $1 billion by the end of the next five years. It is estimated that this will be the first outbreak since AIDS and HIV, and will be centered in health care settings. By making use of the sophisticated algorithms and artificial intelligence, this will be able to rapidly identify possible pandemic threats and avoid potential outbreaks.
Another technology trend that looks promising is remote work. With the increasing availability of cloud computing and the internet, remote work is a clear area of future growth. The main advantage of cloud based remote work is that it can be done from any device with access to the internet and can easily be accessed from anywhere, anytime. It is expected to cross the two main segments of sales force automation and sales of software products and services by the end of the next five years.
These are the latest software development trends based on current market demands and outlooks. The area of software engineering is growing very quickly, due to the ever-growing need for information technology (IT) professionals. According to an estimate by the CIO of a major IT organization, by the end of the next decade, at least half of all the employees in his organization will be in the IT department. To stay on top of this trend, organizations need to invest in the latest technology and hiring the right people for the job.