However, the approach also has some drawbacks. IDEs incorporating low-code functionality can encounter limitations when it comes to implementing custom code for specific elements of a project. This becomes apparent in situations where configuring certain types of UI or navigation functionalities becomes challenging or even impossible using the provided low-code tools. In such cases, developers may face restrictions in achieving the desired level of customization and may need to explore alternative approaches or solutions.
Furthermore, the absence of control over the source code poses challenges in addressing potential security vulnerabilities. If the platform on which the software relies is discontinued, businesses may be unable to independently fix security issues or apply necessary security updates.
#3 Cybersecurity is Becoming a Top Priority
Every year becomes the worst one for security teams. No matter how much developed defenses become, attacking methods are more and more advanced. Talking about the spike in cybercrime in 2020, president-elect Joe Biden has said that cybersecurity is “a top priority at every level of government” from the moment he takes office. For most businesses, the transition to remote working increased the risk of breaches due to the higher usage of home networks and personal devices. There are a few predictions, that we think might impact the cybersecurity world in 2024 and beyond:
- Cloud breaches. Due to the COVID-19 pandemic, many businesses are transferring to the cloud. Cloud services providers should be ready for new challenges since there is a huge chance to observe a significant increase in cloud breaches because of weak security practices in cloud configurations that may lead to such weaknesses.
- 5G sector. 5G, as the next generation of mobile connectivity and internet, is complex and new. Undoubtedly, it will have a huge impact on areas like smart cities, defense facilities, or intelligent power grids. It is obvious that 5G requires strong attention to security.
- Cyber insurance. As mentioned previously, the increasing amount of cyberattacks will create a strong demand for cyber insurance policies to soften the potential losses. There already are some cases in the US, where certain companies have purchased such insurance and this market is expected to grow through 2024.
- Preventing attacks. It might sound obvious, but the future of security lies in a proactive approach and constant security testing. It is key to preventing attacks rather than dealing with their results.
#4 Artificial Intelligence Continues to Rising
Artificial Intelligence umbrellas a host of different technologies that are able to process large amounts of customers’ data to provide them with better and more enhanced customer experiences. According to the 2020 McKinsey State of AI survey, 50% of respondents stated that their organizations have already adopted AI in one function at a minimum. So, what are the latest software development trends regarding AI?
- A rise in computer vision applications to monitor public spaces through data sensors and cameras. With the help of artificial neural networks, the apps will be able to monitor social distancing in the post-pandemic world.
- Predictive analytics combined with computational power will be widely adopted by companies to find their potential customers. With the help of AI algorithms, businesses can get access to the sales data of thousands of customers and find out their preferences.
- Because of the increase in remote work, as a result of the COVID-19 pandemic, customer centers will adopt greater amounts of Neuro-linguistic programming (NLP) and automated speech recognition (ASR).
- Robotics will be widely implemented in finance, KPO, marketing, and manufacturing to automate rule-based business logic processes.
#5 Internet of Things is Being Integrated Everywhere
Simply put, the Internet of Things is the interconnectivity of computer devices in everyday objects with the help of the Internet.
According to Business Insider, by 2025 there will be 65 billion IoT devices worldwide which is 6 times more than in 2018. The technology has already been actively used in various industries due to its ability to collect large amounts of data from sensors, process and transfer it through cloud networks. Such a process is faultless, guarantees no delays, high security, and builds an interactive visual interface experience. In 2024, apart from the usual application of IoT (smart devices, predictive support on mobile platforms, smart home security systems, biometric cybersecurity sensors, etc), we will experience the rise of IoT, blockchain technologies, mixed reality, and augmented reality usage in the healthcare industry and remote work organization. The advent of COVID-19 intensified the importance of digital and remote healthcare. People have become more eager to use wearable devices for regular checkups, and health professionals and patients have received the ability to timely share clinical care guidelines, the process of which will be strongly improved by upcoming 5G and smarter hardware technologies. Original equipment manufacturers have also started investing in the development of IoT-enabled products such as installing Bluetooth into hospital beds, wheelchairs, etc.