Technology Trends that will Influence the Engineering Software Space

Disruption is one of the most used terms in many industries in recent times. A disruptive technology describes innovation that shakes up and eventually supplants an established technology or a trailblazing product that creates a completely new industry. And there are some very exciting emerging technologies that may cause massive disruptions in the near future.

Here are a few of those technology trends that will affect the engineering software space.

Augmented Analytics

Data science is growing by leaps and bounds. Augmented analytics extends the functionalities of data analytics by employing machine learning and natural language to automate data preparation and data insight, and to facilitate data sharing. The automation prevents data bias and allows business users to make day-to-day decisions objectively and with confidence. Augmented analytics could offer better decision-making, more accurate predictions and measurable analysis of product offerings, improved production, and enhanced aspects of business.

AI-Driven Development

Very soon, artificial intelligence (AI) could be used to automate a variety of data science, application development, and testing functions. Development tools will have an integrated ecosystem of AI algorithms and models. According to Gartner, Inc., 40% of new application development projects will have AI co-developers on their team by 2022.

Blockchain

Blockchain is essentially “an open distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” (Harvard Business Review, 2017) Originally conceptualized for cryptocurrencies, blockchain technology (or some part of it) is now being implemented for solutions beyond the financial industry. The technology is still deemed “immature, poorly understood and unproven in mission-critical, at-scale business operations” (Gartner, Inc.), but it has significant potential for disrupting many existing technologies.

Quantum Computing

Quantum computing operates on the quantum state of subatomic particles that symbolize data as elements called quantum bits (qubits). Due to parallel processing and exponential scalability, quantum computers have the potential to solve problems that may be too difficult to crack using the traditional approach. Many industries with heavy processing workload requirements could benefit the most from advancements in quantum computing.

Data Privacy and Security

Data privacy and security is a rising concern for many individuals and organizations. The backlash for organizations that are not proactively addressing the people’s concerns about how they use the people’s personal information will only intensify moving forward. With the European Union’s General Data Protection Regulation (GDPR) in place, and many other territories around the world following, many companies operating in different countries are being forced to comply with strict data privacy and security standards.

Onwards to the Future

As we move forward to these new phases in technological evolution, many organizations are looking forward to new advances in technologies. It pays to learn which emerging technology trends to look out for.

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