The 3 Top Software Development Trends For 2020

The year 2019 was exciting for the software industry with the booming of a range of new innovative technologies such as Blockchain, Artificial Intelligence and Machine Learning, IOT, and many more. In the year 2020, the top 3 prominent technology trends that are expected to continue its strong dominance are Artificial Intelligence (AI) / Machine Learning (ML), Blockchain development and Cybersecurity

In this post, let’s consider the three above trends in details to see how they will impact businesses and the custom software development landscape in the year 2020.

1 - Artificial Intelligence (AI) based solutions

According to an article by McKinsey, by the year 2030, the average simulation finds that some 70 percent of companies might have adopted at least one type of AI technology, which shows a strong demand for AI solutions development in the future. AI based solutions aren’t exactly something completely new but there is now a rapid adoption rate for AI technology by various businesses across industries. AI is projected to continue its dominating position on IT investment by businesses in the year 2020.

AI & ML based applications development ranges from intelligent chatbot, predictive analytics, recommendation system, image processing, opinion mining, etc. AI provides many benefits to businesses, helping them to stay ahead of the competition by serving customers better with optimized business processes, increasing revenue and overall business efficiency.

In the year 2020, AI based solutions are expected to continue its top position among the most sought after technologies.

2 - More demand for Blockchain Development Services

Blockchain technology is no longer just about crypto-currency, every businesses across the world seems to already have a plan to adopt Blockchain. Companies that are still hesitant to jump on the Blockchain trend might risk the chance of getting left behind. Ever since bitcoin reached its all-time high price since 2017, the benefits and challenges of adopting Blockchain have been carefully examined, analyzed and talked about at large. In 2020, the business world is forecasted to spend even more into blockchain development, reaching $16 billion dollars in 2023.

Yet, blindly integrating blockchain into your existing business operation without careful evaluation and planning could be a recipe for disaster. Slow and controlled process is key for an effective adoption and smooth transition.

3. Cybersecurity

Compared to AI and Blockchain, cybersecurity might not seem like a new trend as it has been around much longer. Yet, along with the introduction of new and emerging technologies, cybersecurity has been evolving to keep up with the new security threats that come with those technologies. Hackers will always find new ways to exploit the potential vulnerability of the new technologies in order to illegally access the sensitive data. Thus, in 2020, cyber security will continue to be prominent and evolve to help businesses defend against malicious hacking activities.

As the top three above trends do not seem to slow down anytime soon, more and more software development outsourcing companies invest in re-training their staffs to learn the new technologies to work on the project later, others desired skills for software development in 2020 include DevOps & Cloud Computing, and advanced data analytics and more.

Conclusion

Today, advanced technologies and innovations are being rapidly developed and adopted by businesses to gain an advantage in the increasingly competitive digital economy. It is critical for companies to include these technologies in their operations to stay ahead. In particular, AI and data science are no longer in its infancy stage but real-life AI applications are being introduced and applied across business, delivering results which exceed business expectation.

If your businesses are not in the IT industry then outsourcing by hiring AI consulting and Development Company is a viable option to fill in the skill gap that is prominent in the new technologies.