The technological world is constantly improving and adapting. It's crazy to think that the World Wide Web came into being in the 1990's and search engine giant, Google, has only been around for a little over 20 years. In the grand scheme of things, that's no time at all. And look at the impact these two developments have had on the modern world. With the fast-paced tech and information age well on its way, what will our future be like? Check out these top 5 tech and software development trends for 2020...
Top 5 tech and software development trends for 2020
Artificial Intelligence (AI)
We've been hearing about the development and implementation of various AI systems for the last few years. And it's a fascinating step in technological evolution. But, it's about to get much bigger. This year, global market research company, MarketsandMarkets forecast that the AI market is likely to be valued at over $190 billion by 2025. That's a huge increase from $21 billion in 2018! So it looks like AI is here to stay. We know its application can be used in things like robots, data analytics and machine learning. But, in future, look out for more use of AI in businesses - helping to boost productivity, streamline functions and increase performance.
Internet of Things (IoT)
This is also a growing trend in the tech and software world. Basically, the term refers to any physical object, from appliances and vehicles to digital devices, that have the capacity to exchange data over the internet. They 'talk' to each other. We think of it in terms of Alexa and her convenient capabilities. But, in the next few years, it'll be applied in things like self-driving cars, energy consumption monitoring in big businesses, logistics and tracking, and smart home automation. It'll affect industries such as construction, healthcare and communication, to name a few.
Mixed Reality (MR)
We've heard of Virtual Reality and Augmented Reality, and now Mixed Reality represents the merging of the two. MR has the capacity to create fully-immersive environments where the real and virtual worlds are combined. It has the potential to impact education and e-learning as well as the entertainment and retail sectors. In the face of COVID-19, imagine being able to complete new job training from the comfort of your home, or experience a new retail product without having to get in your car. The possibilities are endless.
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This might seem obvious but, for a long time, businesses spent huge amounts trying to build in-house IT departments. However, because the business environment has changed so much over the last few years, this is no longer the case. Companies need to make the most of the IT solutions available to them, and this means getting software experts involved to help them run their businesses as efficiently as possible. Rather than attempting to solve problems themselves, they'll outsource projects to the right IT teams. Most companies, whether large- or medium-sized enterprises, are increasing their IT budget spent on outsourcing. And, we encourage any business owners to do the same.