Whether you’re a CTO hoping to profit on new software development technology or a custom software developer searching for a new career path, you need to know where to put your money and effort. Because the current rate of technological advancement is so rapid, it’s easy to get lost in all of the new technologies and trends that emerge faster than you can keep up with them.
We stay at the forefront of innovation at FortySeven and share our knowledge with the rest of the world. We also use cutting-edge custom software development technology to bring new ideas to a variety of industries. Hanna Shnaider did a software development industry analysis to keep on top of innovation and supply relevant services, and the results are presented here. You can view Hanna Shnaider’s profile here.
► Cyber Security
If you think cybersecurity isn’t vital, consider this: a cyber-attack is far more likely than a missile to knock down a modern fighter jet. This speaks a lot about the strength of cyber-attacks and the destructive impact they may have on your FortySeven IT infrastructure, even if you aren’t a fighter jet pilot.
The COVID-19 epidemic resulted in a significant increase in the number of cyber-attacks by hackers who employed a variety of tools and strategies to defraud individuals, steal money, and get access to sensitive data. Globally, the cost of cybercrime is projected to be approximately $6 trillion per year, which is enormous.
Cyber-attacks on custom software development companies are believed to occur every 11 seconds around the world, resulting in a significant amount of money being stolen from organizations throughout the world by hackers who often go undiscovered and unpunished.
► Artificial Intelligence
Artificial Intelligence (AI) is one of the most popular trends these days for one simple reason: it allows companies to save money while increasing productivity. What you should know is that there is no such thing as a completely self-contained AI. Not yet, at least. It does, however, already create trillions of dollars in corporate value.
According to estimates, AI generates up to $2.9 trillion in corporate value and saves 6.2 billion hours of work productivity per year. It’s no surprise that so many software development companies are attempting to take advantage of AI’s advantages. Automation is one of the many main advantages AI provides to a custom software agency across industries.
Automation is what enables you to lower the workload on your workers while also increasing productivity. Of course, this does not imply that AI can accomplish everything on its own; it simply isn’t there yet. It is one of the most promising new software development technologies, however it still needs human professionals like FortySeven software professionals to set things up and get it going.
► Internet of Things
The Internet of Things (IoT) is one of the most popular buzzwords these days, and what’s fantastic about it is that it’s a very mature technology that’s been proven time and time again to be effective. The Internet of Things (IoT) has spawned a slew of outstanding inventions that have aided organizations all over the world in increasing efficiency.
In the IoT, a thing can be anything – a person, a gadget, a vehicle, a computer, a robot, or anything else to which you can give unique IDs. It lets you to collect data from all of your Things, track their metrics, and even automate some of their functions. For example, IoT is widely employed in the manufacture of self-driving cars, allowing the vehicles to collect and communicate data to and from their surroundings for better navigation.
► Cloud Computing
Cloud computing has become a critical technology in many industries, and you may want to take advantage of its full potential. In broad terms, cloud computing allows you to use Internet resources to perform on-demand user-oriented computing and data storage. It’s a strong tool that allows development companies to conduct a wide range of software development company operations with fewer resources.
Cloud computing generated over $300 billion in sales globally in 2020, and revenues are predicted to reach $500 billion by 2025.
Robotics is a complicated field that incorporates a wide range of technology. In the realm of robotics, computer science, engineering, custom software development, design, manufacturing, and other disciplines are merged to achieve success. More than 12 million robotic units are projected to exist worldwide, with the number expected to expand dramatically.
Robots can be utilized in a variety of settings, from the military to the typical home, with the goal of making people’s lives easier and safer. Robotics in the workplace can boost assembly line production while minimizing the strain on human resources. It also makes industrial workplaces a lot safer for your workers.
There are a plethora of popular software development technologies available, each with its own set of applications and advantages. You can choose to invest time and money in any of those if you think there’s some bang for your buck in there, depending on your custom software development firm needs and personal preferences.
To achieve your objectives, you’ll need a dependable software or mobile app development partner who can guide you through the highs and lows of your digital transformation journey. At FortySeven, we provide end-to-end software development services using an agile methodology, as well as IT consulting and support services to ensure that your project runs smoothly. We use cutting-edge and emerging technologies to propel your company to new heights in the most efficient way feasible.