Over the past decade, the IT industry has been prosperous with the coming of many innovative technologies. One of the most asked questions by developers who work for Software Development Company is whether the technologies that they’re going to invest in will still be popular tomorrow, or in the next year? Nobody wants to invest in a technology that’s going to be outdated.
The software development industry has been changing at a very rapid pace thanks to the introduction of new technologies such as Artificial Intelligence and Blockchain. Those technologies help innovate and transform software into an integral part of people’s everyday lives. For example: some applications in Machine Learning & Artificial Intelligence such as Chatbots will become highly advanced in the near future, allowing businesses to provide their customers with a highly personalized and custom tailored service experience.
One of the undisputed facts in the IT industry is that one technology can easily disappear due to lack of progress and/or also because other technologies can do the same things better and easier. Thus, software development outsourcing companies need to stay up to date with the latest trends of technologies to ensure they can stay ahead of the competition in the near and long-term future. In this article, we discuss some of the trends that going to be dominant in 2019:
1. Artificial Intelligence & Machine Learning Development
Today, many business organizations consider digital transformation as a critical part of their overall business plan to innovate themselves in order to thrive in the market. Machine learning and AI are often considered as the leading driving force assisting business with their quest of digital transformation. It is estimated that the AI industry is going to generate billions of dollars in revenue in the coming years, which means AI and Machine Learning are going to be in the focus for the IT industry in the near future.
AI and Machine Learning allow business organizations to transform and automate various processes in their daily business operation. A number of use cases for AI and Machine Learning in businesses include chatbot, big data, fraud detection, and Predictive analysis, etc. These are all practical examples of machine learning development which improve business processes, together enhancing customer service experience. Hence, software development companies should keep an eye on this area of AI and Machine Learning Development.
2. Blockchain Technology
Even though Bitcoin and other crypto-currency assets reached their all-time high in 2017 (and have since cooled down), the application of the blockchain technology – that is the key ingredient behind the success crypto currency – is still particularly popular and gaining adoption in various industries such as Fintech, Healthcare, and others.
One example of blockchain technology is that it allows businesses organizations to perform many large scale direct transactions within a shorter timeframe (compared to the traditional methods) without the requirement of intermediaries that might be costly and/or time consuming. Many offshore software development outsourcing company can receive the benefits from developing blockchain based applications.
3. Software Development and Big Data
Data is essential to ensure the success of digital transformation for businesses. The amount of data captured and available to business seems to increase exponentially day by day. However, without analysis, raw data won’t be of much help to business unless valuable insights can be gathered from analyzing from such data.
Big data is one particular area of interest that making massive changes as how IT services companies can help business making predictions and improving their decision makings based on insights gathered from data. Many software applications are now being developed to help businesses gain competitive advantages in this age of digital transformation.
4. Cyber Security is still very important
As mentioned previously, many companies are currently going through digital transformation, hence their potential of exposing to security risks such as hacking and malware is going to increase significantly. Considering the cost and time and effort putting into restoring the whole enterprise IT system after attack, it is better that companies apply security measures to prevent attacks before it happening.
Thus, cyber security is still one very important area of the whole software development industries and businesses should expect to be ready for external penetration testing and security audits on their IT infrastructure throughout their digital transformation process. Additionally, custom software development companies should focus on enhancing the in-built security measures of their products in order to comply with applicable security laws and regulations. Eliminating vulnerabilities and enhancing security is always of high priority to both customer companies as their software outsourcing partner.
Software development is changing at a lightning speed with the new technologies being introduced regularly to transform and improve quality of the software products. Developers who are well-versed in the relevant technologies together with the right experience will have the upper hand and continue to rise. It’s important that software application developers and development companies recognize the trends to keep up with the industry standards as well as benefiting themselves from it.
TP&P Technology is a leading software development company in Vietnam and we are recognized as a top Software Development Company on DesignRush. Contact us today if you need a reliable partner for your custom software development project, we are ready to help.