Top Trends in Enterprise Software Development

Compelling businesses are continuously adapting to change by using new-edge technologies and shaping up their enterprises to success. Especially, when it comes to Enterprise software development, it has gained immense popularity in the past few months. Undoubtedly, companies want to be better than the peers and are so dependent on enterprise development. More consistency, improved data processing, and automation of the deployment process are all benefits of these technologies. TatvaSoft – a leading enterprise software development company an empowers your business by utilizing these latest technologies.

Table of Content

  1. Trends for Enterprise Software Development to Follow
    1. Artificial Intelligence-Driven Solution for Enterprise
    2. Microservices for Enterprise
    3. Big Data
    4. Trends in IoT
    5. Transition From Low Code To No-Code Development
    6. Data Security By Blockchain Technology
    7. Virtual and Augmented Reality
    8. Cloud-Based Enterprise Software
    9. Last Trend- Smart Enterprise Application
  2. Conclusion

The following years have been blissful in terms of technological advancement. There are countless innovations occurring to streamline business processes every day. Pertaining to each domain, innovations can be a gamechanger. We have seen many futuristic technologies that have changed the business giving them the opportunity to grow. Technologies like AI-assisted development software, Big data, Machine learning, Robotic Process Automation (RPA) AR-VR, and Progressive Web Applications (PWAs). We will be seeing some more in this blog.

Utilizing these technologies, you can easily develop cutting-edge applications by integrating them into enterprise applications. The fundamental aim of these technologies is to improve efficiency, upgrade business and consistently support them to upscale their offerings and gain profits. There’s a lot of debate about how important it is to design and deploy enterprise software applications. These are the technologies that effortlessly contribute to the development of applications. Let’s look at the latest technology trends and what makes large businesses enterprise apps and which are the technology that can potentially work for them.

In this blog, we have enlisted the latest technologies and services curated as per the trend and adoption dynamics of enterprises from all domains. These are the technological advancements that are key differentiators for enterprises to change their ideas into reality.

1. Artificial Intelligence-Driven Solution for Enterprise

IDC’s market analysts have gone so far as to describe AI as “inescapable.” “By 2025, at least 90% of new business applications would embed artificial intelligence,” according to the company.

Every enterprise is inclined towards Artificial intelligence and its development services that make the application enhanced and efficient. This technology trend never goes out of the league. Modern line applications like AI are optimizing enterprises and driving more conversions for businesses. The AI solutions are agile and can contribute to making the enterprise more powerful with improved business offerings.

Artificial intelligence is being used to drive market increases in a variety of markets, including broadcasting and television, banking, and consumer products. AI is assisting companies in being relevant at any moment in order to seize new engagement and growth opportunities.

When you decide to develop an enterprise application and integrate it with the latest technologies like AI you will be able to create unique applications for your business. Like AI-enabled eCommerce applications, gaming apps, enterprise application chatbots, HRM management tools, and more.

2. Microservices for Enterprises

If this question persists in your mind that what is microservices, then, we have a simple answer to this. Micro-services, as the name suggests, are micro-apps such as containers that are aimed to meet specific business goals. They are light in weight, rapid, and lucrative.

They have reusable code blocks that execute specific functions. Micro apps contribute to the improvement of business tech by providing users with all of the knowledge and resources they need. They can be thought of as corporate framework plugins that workers can personalize to fit their needs.

Employees will be kept up to date on news, meeting schedules, expenditures, records, and other information using this method. In this way, micro-apps help workers navigate and organize content.

With the help of this, employees can be kept updated with the news, meeting agendas, expenses, documents, etc. In this way, micro-apps are a means to make information more accessible and organized for employees. The development of software in an enterprise should be seamlessly integrated with micro-apps to see heralds of change in the business world. All the employees can also get benefitted by using easy-to-understand tools, and managers can benefit from it by increasing efficiency.

Examples of the type of integrated enterprise applications- Enterprises like Amazon, Netflix have used microservices to develop their multi-functional applications.

3. Big Data

The world is changing and the key elements of change are data. It has been observing the changes, capturing them, and predicting the future. Businesses are fully backed up by Bigdata and its services for faster, accurate, and reliable business interactions. Statista predicts that The global big data and business analytics market was valued at 168.8 billion U.S. dollars in 2018 and is forecast to grow to 274.3 billion U.S. dollars by 2022, with a five-year compound annual growth rate (CAGR) of 13.2 percent.

We already know, the potency of Bigdata and the way it has been transforming the lives of customers by providing a personalized business experience. Furthermore, these enterprise applications will improve over time, allowing them to offer quicker assistance and lowering the expense of delivering outstanding customer support.

Data is the future and every business from any domain like retail, eCommerce, manufacturing, banking, or telecom, or any other major industry. No enterprise is excused from the ocean of data and these data contribute to business profitability. Big Data contributes to this effort in a variety of ways: Owing to Big Data and machine learning, voice recognition has advanced significantly, and many self-help programs have hit the critical mass needed to accurately predict what services consumers need.

Examples of the type of integrated enterprise applications- CRM, HRM, and other data management or cloud storage platforms.

The Internet of Things (IoT) has been evolving for some time. Internet-of-Things systems are successfully re-engineering companies and changing optimum ways of operating them since the adoption of new measurements for a post-ISA world. Nearly every current industry is impacted by these innovations, including healthcare, banking, smart cities, engineering, transportation & logistics, retailing, and other functions.

The demand for connected electronic product manufacturing is rising. Individuals are finding it hard to disregard the technology’s capabilities of IoT for their personal use like smart homes. The trends in IoT had promised  Business investors are somehow persuaded by the different capabilities Internet of Things possess and its movements that their resources must be pumped into sensor-based technology. In almost every current market, IoT has the potential to improve the consumer experience.

IoT as a technology has improved the way businesses operate. It is a smarter way enterprise can embrace this technology in their enterprise software development. The integration of IoT in enterprise apps gives smarter and insightful ways of functioning. Your business can take quicker decisions, monitor, and get assistance in real-time with real-time data.

Examples of the type of integrated enterprise applications- Connected smart homes, IoT Sensors, IoT Data Analytics, IoT Connected Factor, Smart Supply Chain Management, Smart Barcode Readers.

5. Transition From Low Code To No-Code Software Development

No-code coding, as the term suggests, entails designing programs without writing any code. Low-code creation drag-and-drop editors are improving, allowing newcomers to create applications without writing a single line of code. While some consider no-code (NC) to be a more sophisticated version of low-code (LC), others claim there is little to no difference between the two, with no-code being promoted as a more advanced version of low-code.

There is a lot of potential in low-code development. Low-code platforms allow developers as well as non-developers to build flexible apps in less time. Many businesses have understood that Low-code is now the most transformative force in technology growth, empowering millions of non-technical leaders, consumers, and companies. Low-code solutions will continue to broaden their integration ecosystem in the coming years, defining standard desired functionalities and turning them into ready-to-use code blocks.

Undoubtedly the market of no-code is predicted to grow by 28.1 CAGR to reach 45.5 billion by 2025- Source

Examples of the type of integrated enterprise application-  CRM, project management tools and programs integrated with web and mobile apps.

6. Data Security By Blockchain Technology

Blockchain technology has been described as a cost-effective way to reduce transaction costs, speed up transactions, and create trust between parties. This distributed ledger technology could also support smart contracts in addition to payments. Computer protocols are used to execute or validate contracts. This would contribute to the use of Blockchain in the enterprise for defense, trade finance, and other financial processes.

The synonym to Blockchain technology is security and specifically when businesses are drowned in seas of data and none of it is secure. This question gave rise to multiple business aspects that need be to concealed and kept under confidentiality. Blockchain as a service has given rise to the security of data through its distributed ledger function that is decentralized. This leads to Blockchain being used in almost all the activities from financial transactions, contracts, or other essential business operations. If you think Blockchain has limited usage then you probably need to check these statistics which say that by 2022, worldwide spending on Blockchain solutions will reach $11.7 billion. The global Blockchain technology market is estimated to accumulate $20 billion in revenue by 2024. –Source

This clearly means that there is an unprecedented increase in the usage of Blockchain with examples of the type of integrated enterprise application- Smart contracts in the legal business, data security in software using encryption, and distributed ledgers.

7. Virtual and Augmented Reality

According to IDC, global spending on Augmented Reality /Virtual Reality from  the time frame of 2019-2023, the global VR/AR market will see a 77% compound annual growth rate- Source

Statistics are a clearer depiction of how this technology adoption is ever-increasing. The use of augmented and virtual reality in enterprises speeds up and simplifies software Development activities. Furthermore, it enables workers to collaborate remotely, reducing the possibility of errors. Virtual reality allows companies to benefit from complete digital simulation. For improved results, it combines real-time data visualization with intuitive data comprehension. Customers may also use augmented reality business solutions to mimic any situation in order to prepare workers in a real-world setting to help them gain valuable expertise.

Examples of the type of integrated enterprise applications-  Industrial field apps, retail platforms that create a virtual shopping space on how the merchandise will look at customers, gaming, and other web and mobile apps.

8. Cloud-Based Enterprise Software Apps

One of the most essential technologies that are indispensable to be discussed is Cloud-based technologies. At this time, traditional on-premise applications have hit their limit. Cloud infrastructure has emerged as a viable alternative implementation platform for enterprise services. Due to the need for valuable insights provided on time to boost business results, cloud-based enterprise computing has become very common. Cloud infrastructure and enterprise systems work together to provide major improvements on the challenges of enterprise applications.

The global end-user spending on public cloud services is expected to grow 18.4% for this year 2021- Source.

The exponential growth in cloud infrastructure is nothing but proof that businesses continuously need the cloud. The agility and scalability that the cloud offers to businesses can help them seamlessly manage enterprise software even from the distance. Global spending has already been predicted, it is increasing and will be growing. Investing in such technologies will always prove to be beneficial and driven towards more successful outcomes.

Examples of the type of integrated enterprise applications- IaaS, PaaS, Cloud as storage for databases and other essential aspects that makes cloud compatible on web and mobile apps.

9. Last Trend- Smart Enterprise Application

Smart and improved enterprise apps will help businesses have a much smoother and customized service for their consumers. All now depend on these tools to provide insight into their businesses and to assist their staff with data collection and analytics. Enterprise apps can help companies achieve new levels of creativity and success by using innovative modern technology such as artificial intelligence. Smart business apps enable workers to quickly view sensitive consumer data such as past invoices and purchases, allowing them to offer superior customer support.

If you still have a question on why Enterprise apps are unique then the answer is just one. Enterprise applications are one smart way of doing business with multi-functional enterprise applications. In fact, you can use all other technology innovations together in this app and make it efficient to bring improvements within the business. It is an easy way to offer greater productivity and lower cost.

Examples of the type of integrated enterprise applications- Storage cloud, servers, applications built using IaaS, PaaS, or SaaS are all examples of enterprise applications.

2. Conclusion

Finally, we have reached the end of the blog, where we have seen almost all technologies that are ready to disrupt the world of business. There is no second thought about it. In 2021 and beyond, as a business, we will be seeing continuously evolving enterprise software development trends and experience groundbreaking developments. To remain ahead of the rivals, you must keep up the high spirits and in advance develop a strategy for it. Create a plan to reap the gains of these cutting-edge new innovations.

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Itesh Sharma

Itesh Sharma is core member of Sales Department at TatvaSoft. He has got more than 6 years of experience in handling the task related to Customer Management and Project Management. Apart from his profession he also has keen interest in sharing the insight on different methodologies of software development.

Comments

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    1. Oliver Bartan

      Trends Mentioned by you in this article will surely have an impact in the upcoming future. Evolution of new technologies like virtual reality , cloud computing will change the landscape of software development. Cloud computing is making a major impact in software development as new technology will come and they will change the entire scenario of software development.As we have seen, 2020 has been a significant year for the software development industry with lots of breakthroughs.

    2. Rick Brown

      Most ideal choice depends upon our requirements, but making the wrong selection can be both costly and time consuming.When making the selection, Our prime concern should be the efficiency with which software serves our company and other partners in the best possible way.Custom software offers some advantages which can be beneficial for longer terms. Custom software can serve startups better than shelf software.