Software development trends play a role, in driving business growth today. Certain buzzwords such as microservices and cloud migration that have been trending in 2021 and 2022 are now widely embraced in the software industry. Have demonstrated their significance to software development companies. These terms have become components, in many of our software development projects.
Various ongoing trends, in software development are becoming more widespread, in sectors of the economy. This article delves into four cutting edge technologies that are set to impact the software industry beyond 2024 and showcases their advantages through examples.
Software that prioritizes AI technology
IDC predicts that the worldwide investment, in AI will exceed $300 billion by 2026 while Gartner forecasts that by the close of 2024 three quarters of companies will move from testing AI to putting it into use. A new development is emerging where the focus is shifting toward creating software with AI as the consideration than just adding AI to existing programs at a later stage in development process. With advancements in technologies such as learning and tools like speech recognition and machine vision, for businesses today there are numerous advantages to be gained from incorporating these innovations into their operations.
Assistance in critical decision-making
In the field of medicine AI examines records along, with information and test outcomes to predict illnesses or pinpoint more effective therapies.
Improved quality of assistance
AI plays a role, in tailoring services to meet client needs across sectors such as healthcare and sales and marketing by enabling tasks, like booking doctor appointments through digital assistants and utilizing facial recognition technology to enhance customer experiences.
Quality control and risk aversion
In the manufacturing sector IoT gadgets transmit information, to AI driven software that enhances production efficiency and forecasts equipment malfunctions. Similarly in the field of agriculture AI technology aids in examining plants and identifying vegetation.
Exploring a real-life scenario involving the utilization of intelligence, in analyzing MRI scans of the brain
10Pearls created an AI powered software to analyze brain MRI scans effectively for purposes using CNN algorithms that assist doctors, in pinpointing brain tumors accurately to plan surgeries and monitor the progress of treatments, over time.
Exploring the applications of blockchain outside of the realm of finance
The use of blockchain enables the transfer of funds and data directly between parties, without the need for a middleman while ensuring that all associated records are secure and visible to all parties without alteration over time. The process involves encrypting the data and linking it with data in an order before spreading it across multiple computer systems, within the network rather than storing it on a single centralized server.
The unique workings of blockchain have led to its adoption, across industries outside of its introduction, in the financial sector. Including distribution, manufacturing, healthcare and the public sector. Forecasts predict that by 2024 the blockchain market will reach revenues of $20 billion. Let’s explore the advantages that drive investments in this technology:
Ensuring the security of information
Decentralized data storage plays a role, in safeguarding businesses from activities and security breaches when dealing with sensitive data such as credit histories and medical records as well as information from industrial IoT devices. It involves encrypting the data and distributing copies to every computer within the network to ensure that no alterations can be made without consensus, from all members of the system.
Intelligent agreements
Blockchain enables the creation of contracts that are automatically executed once all conditions are met as agreed upon beforehand. For instance, products are dispatched only after payment verification is completed via technology. Consequently, contract execution cannot be interfered with in any way.
Transparency
Businesses have the option to switch from paper-based methods to using technology’s distributed ledger system, which offers complete visibility, into transactions and enhances accountability, for all participants.
Exploring A Real-Life Example Where Blockchain Technology Is Utilized to Track the Origins of Food Products
Walmart experimented with technology to track the origins of food products by requesting suppliers to input their data into a shared ledger and apply unique labels on the items themselves. This allowed the company to swiftly trace items such, as mangoes back, to their source farms within 2. Seconds using the system compared to the method of contacting suppliers through phone and email which took 7 days.
Low code programming
Creating software using low code development means constructing applications using interfaces of writing code directly by hand. Developers can simply. Drop made components, onto the interface to build the application without writing extensive code: however, if necessary, adjustments are required they can manually edit the generated code.
Creating applications is made easier, with low code platforms that use an interface and drag and drop features to build them efficiently without requiring extensive coding skills. In contrast, to this approach are no code platforms that enable users to develop applications using made templates even if they lack coding expertise.
In the low code development was mainly focused on platforms, as a service tailored for software like CRM systems: however nowadays there are versatile low code platforms that support the creation of a wide range of applications for various purposes. These platforms have become increasingly popular due to enhancements in functionality such as support for microservices architecture and extensive integration options along, with the implementation of AI and machine learning capabilities.
According to Gartner’s predictions, for the future of technology development up to 2024: low code platforms are anticipated to play a role in over 65 percent of software projects during that period. This surge in usage is attributed to the advantages that low code development offers to entities such, as startups small businesses, and large corporations alike:
Quicker implementation
Creating applications using low code platforms is much quicker, than building them from scratch manually: this helps in meeting deadlines set by the market conditions.
Exploring business concepts, with reduced uncertainties
Low code platforms can be cost effective when compared to building custom software from scratch making them a practical choice, for creating a minimum viable product (MVP) to test the feasibility of a business concept before committing further resources.
Addressing the shortage of resources dedicated to user experience
Low code platforms provide built in user interface frameworks with designed components and tools that allow individuals, without extensive experience, in user experience design to develop user friendly applications easily.
Case study example shows how using low code development allowed the creation of, over 60 applications, in 20 months
Schneider Electric is an energy solutions provider that had to enhance its business operations with various applications, on hand in a timely manner. The company efficiently created over 60 apps in 20 months using low code development methods and managed to save more than 650 working days, in the process.
Progressive Web Applications (PWAs)
PWAs are web applications that work similarly to apps but do not require downloading them onto your devices storage space.” As, per Googles data from the start of this year ” there has been a 270% surge, in PWA installations.” The rising appeal of PWAs can be attributed to two advantages:
A seamless user interface
Progressive web applications (PWAs) operate at a pace that’s 2, to 2 to 2 to 2 times quicker than responsive and mobile web pages. Moreover, they have the ability to showcase content without an internet connection and are designed to withstand crashes, under heavy server loads.
Cutting down on expenses. Saving time in the development process
Progressive Web Apps (PWAs) serve as a substitute, for apps adjusting seamlessly to screen dimensions and mobile operating systems while being budget friendly since you can acquire both a website and an app, at the expense of just a website.
Businesses that experience benefits, from PWAs include e commerce platforms, hotels and resorts media outlets and online communities. Areas where user satisfaction is key.
A real-life example involves the development of a Progressive Web App (PWA), for a media corporation.
Forbes mobile site, known as a PWA loads in 2 and a half seconds while their standard website takes 6 and a half seconds to load on mobile devices according to the global media company Forbes themselves have reported that their PWA has led to a twofold increase, in the average user session length.
Get The Best from The Trends In Development For 2024
In the year 2024 is a time to reap the rewards of the trends, in software development industry where 10Pearls provides cutting edge software solutions tailored for businesses and software product firms alike.
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