Software Engineering Insights

According to a recent report by Fortune Business Insights, the global SoftPoS market was valued at USD 293.6 million in 2023. The market is projected to reach USD 1,457.1 million by 2032, exhibiting a CAGR of 19.5% during the forecast period (2024-2032). This surge shows how quickly businesses are adopting SoftPOS to stay ahead.

By the late 1980s and early 1990s, electronic POS systems emerged, integrating inventory management and sales tracking capabilities. Fast forward to today; we see an array of advanced solutions designed to cater to various industries - from retail to hospitality. But what drove this evolution? The answer lies in consumer behavior and technological advancements. Businesses needed efficient ways to process payments without compromising on customer experience or security. 

Agentic AI are AI systems that possess a certain level of autonomy, enabling them to make decisions, learn from experiences, and interact with their environment independently.

Modern-day users are incredibly demanding. They expect seamless, fast and highly personalized interactions at every touchpoint. On the other hand, brands are striving to meet these demands by creating experiences that are not only engaging and customized but also cost-effective. 

Research suggests that the average attention span of humans is less than 8 seconds. Hence, it becomes crucial for product companies to cut through the digital noise and craft experiences that are fresh, inspiring, and engaging for their users. 

Product designers must stay on top of the latest technological trends in UI/UX design such as minimalism, scrollytelling, neomorphism, etc. This way you can drive meaningful digital experiences while keeping your users hooked.

Let’s explore some of the most talked about UI/UX trends of 2024 in the blog today and deep dive into how you can make the most of them. Also, get a peek into what’s more to come in the future of design.

Imagine trying to solve a jigsaw puzzle without all the pieces. Won’t be possible, right? While you might be able to make some progress, you won’t be able to finish. Synthetic data is like having all the pieces of the AI puzzle with you -  right at your fingertips. It lets you build and fine-tune your models minus the real-world data limitations. Think of it as a flexible way to train your algorithms with vast amounts of artificial data that closely resembles the real one. Plus, it also helps you sidestep privacy challenges, security risks, and high costs that come with getting access to real-world data. 

Developing software that satisfies user demands and excels in a market requires more than just technical expertise; it calls for a thorough understanding of user requirements and market trends which is where product discovery frameworks come into the picture.

Businesses today often come across the challenge of picking the most appropriate architectural approach for their applications. Although microservices are known for their scalability and flexibility, modular monolith is stepping up as a great option for organizations seeking to balance between manageability and complexity.

The user experience (UX) plays a key role in determining the success of a digital product and can either elevate it or lead to its downfall. A substantial aspect of UX design revolves around the interaction between users and interfaces; however, there exists a hidden layer that is equally impactful - the subconscious layer. 

Algorithmic websites have become the driving force behind immersive and personalized shopping experiences. Imagine your last online shopping spree: the tailored recommendations, targeted ads, and seamless search results that you saw, weren’t just coincidences—they were the products of sophisticated algorithms at work. These algorithms are the brain behind how algorithmic websites work.

Wondering what are algorithmic websites? Simply put, these are websites that use complex algorithms to deliver personalized recommendations and content to users. 

AI Avatars are an exciting new development giving a new dimension to interacting with patients remotely for health care services. According to Global Market Insights, the AI avatar market size was valued at USD 5.9 billion in 2023 and is estimated to register a CAGR of over 30% between 2024 and 2032.