During the digital transformation, in the near future, companies will increasingly use AI, revert to blockchain, and other Web 3.0 technologies
In 2021, the software development industry was valued at 205 billion US dollars, and by the end of 2022, the market expanded to 260 billion. According to ResearchAndMarkets, its potential total value will be estimated at 915 billion US dollars by 2027. All of this is becoming possible only because more and more businesses are undergoing digital transformation.
Digital business transformation plays a crucial role today. Competition in any sector is becoming increasingly fierce, so traditional methods of competition in classic industries no longer work. The companies that come forward are precisely those that are ready to implement digital products in their operations.
In the second half of 2023, a prominent trend in digital transformation is the widespread use of artificial intelligence. Neural networks today help select keywords for SEO and create content. In fact, even the title of this article was inspired by the generative AI, ChatGPT.
However, the use of neural networks is just the tip of the iceberg. During digital transformation, many companies are also looking at other Web 3.0 technologies. They, for instance, are starting to show renewed interest in blockchain. Moreover, an increasing number of companies continue to transition to remote work modes, which is also important to consider.
At the Collision 2023 conference in Toronto, the most discussion revolved around generative AI, with the Focus21 team in attendance. Nearly every speaker who took the Centre Stage mentioned artificial intelligence in one form or another. While some were astounded by its potential, others shared their concerns.
According to Next Move Strategy Consulting, the software market associated with artificial intelligence is expected to grow almost 20-fold by 2030, valued at 2 trillion US dollars. It's anticipated to be integrated into supply chains, marketing, production, and research.
Building on generative AI technology, the Focus21 team developed a mobile application for iOS and Android named RoomRenderAI for Triforce Construction. Using the app, users can visualize the interior of any room by answering a few simple questions about style, color scheme, and other nuances.
Many mistakenly equate blockchain with digital money. However, as the cryptocurrency market experiences highs and lows, the technology of immutable ledgers steadily gains traction and continues to trend in 2023, with indications of its relevance in the future.
Blockchain holds vast potential for digital transformation in healthcare, finance, and any industry requiring efficient storage of large volumes of critical information. The potential of blockchain has not yet been fully harnessed, but the technology offers numerous advantages:
Web 3.0 entails the active implementation of artificial intelligence, machine learning, blockchain, and many other cutting-edge technologies. These technologies enable more efficient interactions between users in any system and provide them with greater control.
The main advantage of Web 3.0 lies in its decentralized infrastructure. Platforms are not controlled by a single entity, ensuring data sanctity. With a global network in place, it's impossible to breach or distort information. This safeguards against data leaks and reduces the risk of hacking.
Web 3.0 flips the approach towards user data. Users can be rewarded for sharing personal information, fostering transparent data exchange. This evolving model today has the potential to revolutionize the insurance sector and many others.
According to Statista, by 2022, over 60% of organizations had already adopted Kubernetes, with about 30% planning to do so soon. Kubernetes is an open-source technology developed by Google in 2014 and later handed over to the Cloud Native Computing Foundation.
This system is used for managing containers for cloud computing, and it has garnered a vast community of professional developers. As of the latter half of 2023, the interest in Kubernetes continues to surge.
Utilizing Kubernetes simplifies software development, testing, and deployment. It eases the scaling of projects, offers optimal resource utilization, and overall savings in managing the ecosystem. Moreover, the community continually refines and enhances the system.
According to Data Bridge Market Research, the DevSecOps market was valued at over 2.5 billion US dollars in 2021. It continues to rapidly expand, with its value growing by more than 30% annually. Thus, by 2029, its worth is projected to surpass 23 billion US dollars.
DevSecOps integrates development, security, and operations. It's an approach to culture, automation, and platform design that presents security as a collective responsibility throughout the entire software lifecycle.
Thanks to DevSecOps, software development becomes more efficient and requires fewer resources. This is achieved by implementing security management processes early in the project and maintaining transparent code-writing practices.
As per Forbes, almost 13% of full-time company employees work remotely. Moreover, over 28% engage in their professions under a hybrid model, which entails only periodic visits to the company's office. By 2025, the number of remote employees is expected to rise to 22%.
The trend of shifting to a remote interaction mode is taken into account both by software development companies and businesses currently undergoing digital transformation. The COVID-2019 pandemic demonstrated that remote work can indeed be effective.
Furthermore, the remote working format allows companies to interact only with the best partners and staff. At Focus21, we understand how much depends on the qualifications of team members and have been interacting with the most reliable developers for years, irrespective of their location.