To stay ahead of your competitors and consistently deliver value to your customers in today’s digital world, you need custom software development. Custom software development focuses on three things: personalization, scalability, and efficiency. It combines all three forces to create unique software that drives your organization’s long-term, strategic goals.
Especially as more businesses adapt to a remote work environment and automation continues to run at full speed, organizations must tap into their unique value propositions and employees’ needs to build software that is advantageous to their business.
Successfully achieving this requires understanding the digital landscape—what are some pivotal shifts that will prompt businesses like yours to change their strategy? Here are five custom software development trends to help you plan right and well.
- Artificial Intelligence (AI)
AI has not only been shifting the way we interact with brands, but it’s also been changing the way we conduct business.
For instance, chatbots have grown substantially over the past years, speeding up customer service with their automated programming languages. This adaptation can save industries, such as retail, banking, and healthcare, about $11 billion by 2023. Consumers feel comfortable with AI chatbots as well—more than half of them feel comfortable sorting out issues without a human agent.
Overall, global AI is expected to grow from $9.5 billion in 2018 to $126 billion by 2025. As more businesses continuously adapt to AI, organizations must find ways to strategically weave AI into their business in a way that elevates their value.
Artificial intelligence includes:
- Natural language processing
- Robotic process automation
- Machine learning
- ECommerce App Development
Ecommerce platforms such as Amazon and eBay have made consumers’ lives much easier by providing a quick and simple shopping solution. As AI gets even better, this will only enhance the Ecommerce experience. For example, improvements to chatbots and virtual assistants will only make this faster and easier.
Ecommerce businesses may need to consider building a customized Ecommerce app if they have not already done so, or identify areas they can improve on to help maintain their competitive advantage. For example, a company may want to look into how they can further leverage their AI tools to address high shopping cart abandonment rates.
Though it’s been around for over a decade, blockchain technology still has a lot to offer. Blockchain is a data structure that holds transactional records in groups, creating a decentralized system where all users have collective control over the data.
Developers have been finding ways to implement blockchain technology into their organizational systems. Blockchain’s decentralized structure is ideal for developers looking to store data that can be accessed by the public but is also protected from potential threats. This security and decentralization can help elevate trust between relevant parties and speed up transactional processes.
- Internet of Things (IoT)
IoT is the network of interrelated, internet-connected devices that collect and transfer data to one another over the internet. It’s what has made smart home security systems and wireless inventory trackers a reality.
According to Statista, the number of connected devices across the world will exceed 25 billion by 2030. As consumers increasingly rely on IoT to fulfill their day-to-day needs, organizations must keep up with this by offering software solutions that deliver both speed and quality.
- Low-Code Platform
Creating more efficiencies is a common reason why businesses pursue custom software development. Low code is one trend that can help organizations achieve this.
Low-code platforms allow companies to build an app with little to no code writing. Using visual interfaces, low-code platforms allow the user to simply drag and drop various tools.
This saves teams a lot of time compared to traditional app development, which leaves more time to invest in creative strategy. Gartner predicted that by 2024, low-code platforms will oversee over 65 percent of app development activity.
Stay Up to Date
Safeguarding the long-term viability of your business begins today. If you’re looking for more efficiency, scalability, and security, take note of the five custom software development trends above to help drive your business forward.