With online e-commerce, barriers to entry have been utterly demolished. Now, digital-first driven companies are catalysts of change in their industries.
Experiencing shorter and shorter application lifecycles
Increasing competitive environments, innovative digital technologies and business models, and sophisticated users are compelling companies to quickly introduce new digital applications.
Key Industry Forces Driving Change
In addition to ongoing explosion mobile devices, there will be an installed base of 75 billion Internet of Things (IoT) devices by 2025.
Distribution of Intelligence
With Software as a Service (SaaS) and IoT devices increasingly delivering intelligence, applications will become more decentralized and will heavily leverage a service based model.
Data is now more widely dispersed than ever before, with many devices having their own data stores. The complexity of managing data compliance, integrity and security will become more demanding.
Artificial intelligence has unlimited potential to automate many tasks currently undertaken by humans and redefine aspects of humanity as we know it. It is already changing how daily decisions are being made by businesses.
More Sophisticated User Base
Users have experienced dramatic increase in levels of their technical competency and are savvy experts at using an assortment of applications. Software applications have and must continue to evolve to deal with these sophisticated user’s needs.