Smart approaches for faster Digital Product development
Software development demand has risen at an exponential rate, due to Data Analytics and AI showing insights to develop new products and services. But 2020, is the year where developers will have to think of smart development methods that will make GTM affordable and efficient. Staying on top of new technologies will be the new norm, as other countries are also taking a bite in the outsourced product development market.
Expanding skills beyond software development
It's best for programmers of the software development world, to start dabbling into hardware specs and fineries to understand their function and how their value can be enhanced in a specific workflow. The collaborative study of mechanical and electronics capabilities expands the thought process to tackle problem statements innovatively.
Emerging hotspots of outsourced product development
SMEs in Eastern European countries like Poland, Czech Republic & Ukraine are increasingly building their technology talent. Native enterprises are pricing their skills at a competitive range of $20 -$25.
Integration of Cybersecurity and GDPR Compliance in Business
After fully understanding the role of GDPR compliance and need for cybersecurity, companies are in a rush to get them integrated with their system and business model. It has now become an opportune area for software vendors who specialises in handling this transition. Software development enterprises should start to update themselves with the compliance scenarios and prepare their system capabilities accordingly.
Small Businesses to outsource product development
SMEs are set to increase software development budgets upto 9%in 2020. They will be looking for affordable and efficient software development firms to digitize the whole or part of their business process.
Change in product development firm selection criteria
The process will be more people and process driven rather than price driven. Enterprises will prefer flexible contract agreements that are proportional to scope of delivery. With the need for remote automation of enterprise operations accelerated with Covid19 pandemic, the firms will also look into either integration capabilities of a software firm, or a package of emerging tech capabilities.
Mobile as a primary solution and Social Media sales
Software vendors will push their first solution to be mobile platform centric. It's more customer oriented, and has a higher usage percentage than desktop by savvy millennials. And since everyone is looking for answers online, sales and customer support over social media channels will be a top priority in the marketing budget of software firms.
Emergence of Cross-Platform Development and Low code Tools
We already have Flutter & Xamarin to create applications that can run on any desktop or mobile device operating systems. Increasingly, these cross platform development tools will be intelligent and flexible to adapt any new emerging software development technologies. Earlier, software developers had to write long complex codes to create UI for an application or the workflow for the backend logic. In recent times, with better GUI, these development tools have drag and drop facilities to instantly select a function that is needed in an application dn put it at its needed location in the application workflow. Eliminating the tradition of complex code writing, will not only reduce cost and time to market, but increase efficiency. Knowing the basics of a programming language will be all that will be required in software developers after 2022.
Life of programmers is detangling in terms of platforms to develop applications, but the complexity of product needs is growing. With AI and ML, products like Digital Twins, Automated Braking System, Generative design softwares and Automation etc are possible which we could only imagine a few years ago. If AI is integrated with programming tools, it will enable programmers to automate and enhance their systems into autocorrecting codes and recommend solutions. But while building the products and the tools, firms will also ensure safety usability cases and testing systems to evaluate these products.
Decentralization is a key for developers to protect their confidential data that fuels a public application. It can empower to build much resilient softwares that can withstand changing political scenarios and cybercrime techniques.
Push towards Plug-and-Play
Enterprises beyond 2020 will need automation of most of the processes and they will look for vendors who can package all capabilities like AI, IoT, Big Data etc. If not, they will look for software integrators to integrate the stand alone systems which run on these emerging technologies. A standardization towards interoperability will be a new normal.
Strategic Partnerships & Acquisitions
To be competitive in the market, software development firms will need to build capabilities at the drop of the hat. As its already apparent, sector focussed enterprises lean on to packaged emerging tech or integration services. Software firms will have to move fast and shake hands with specific tech focussed solution providers to present themselves as contenders in the race. Not only that, to bank on experienced economy and innovation, firms will be inclined to acquire design innovation boutiques, and create a more diverse value proposition for target clients.
Software development firms will have to adapt to newer technologies, by training their employees, investing in new development tools or join forces with other technology firms who are specialized in specific capabilities. To keep at pace with changing trends is not enough anymore. Firms have to think ahead, be ready and outpace the trends.