Software Engineering Insights

Digital twins, activity trackers, connected contact lenses, smart locks, home automation, smart grids. Every then and now, we hear about innovative applications of the Internet of Things. The technology, which uses the internet to connect digital devices and send/receive data between them is making waves in every industry for the commendable potential it has.

Robotic Process Automation (RPA) is making waves for introducing significant improvements in tasks, operations, and processes. While RPA technology brings tons of benefits for the businesses to improve efficiency and ROI, it is important to realize its best use cases to make the most out of it. For example, RPA can be used to automate a number of business operations but which activity to start with and how to proceed is critical when defining RPA roadmap. 

The DevOps culture is gaining ground in the software development industry. The global DevOps market is projected to reach $9.41 billion by 2023, registering a CAGR of 18.7% from 2017 to 2023. | Allied Market Research

“A typical cross-border payment takes three-four days to complete.”

“On average, it costs 7% to send money internationally.” 

“85% of global transactions use cash and U.S. retail businesses lose about $40 billion annually due to the theft of cash.”

Online shoppers who view demo videos are 2x more likely to purchase a product. Videos are certainly one of the most sellable contents online and marketers are making the most of it. 

The digital voice assistant market is projected to experience continued expansion in the coming years, with the number of voice assistants in use increasing from 3.25 billion in 2019 to around 8 billion by 2023.

Chatbots have been the most followed trend. These mini software programs that mimic human conversation are appreciated for sorting a number of tasks for businesses and as well as their customers. That is why it is predicted that by 2020, 25% of the customer service operations will be managed by virtual customer assistants, such as chatbots.

Running an e-commerce store means competing with hundreds of existing online marketplaces out there. No matter how great your product is, getting traffic, leads, and conversion is tough initially.

In the age of digitization, there is hardly a business that goes without having a software application. Be it for supply chain management, handling operations, administration, analytics, or customer satisfaction- there is software for almost every chore within a business.

Robotic Process Automation market is expected to have a revenue of $1.5 billion worldwide in 2019. Forecasts predict continued growth in the coming years with the market value set to reach three billion by 2022. - Statista