Amazon is changing the game with its digital voice assistant technology. The company is investing in the latest technology consulting services innovations in software engineering like Artificial Intelligence, AR & VR, and Voice-based search. The company uses consumer data and predictive analytics to recommend items to its customers.

In its technological innovations, Amazon also launched the Amazon Dash. It’s a small button-like device that orders the required products from Amazon with just a single tap. Another of its recent innovations in software engineering is Amazon Go. Amazon stores have Artificial Intelligence technology that tracks what items the consumer picks and charges them through the Amazon Go app on their phones. There is no checkout counter, so consumers bring their own bags. Cameras are installed everywhere to identify each item that the consumer picks and puts in the bag.

Similarly, Netflix is another example of a company that is taking advantage of new innovations in software engineering. The company requires large-scale infrastructure to operate its ecosystem of on-demand streaming services. Netflix embraced cloud computing when it was a relatively new technology. It brought a disruption in the entertainment industry by making a large set of movies, TV shows, and documentaries available in a single place - all stored in the cloud.

Software Technology Overview

52% of businesses invest in new technology to reinforce business growth. 31% of businesses use it to leverage new tech features. Technology now drives more than 75% of the business, directly or indirectly. The growing investment in the technology for software product engineering services comes from the need for digital products & solutions for B2C and B2B industries.

Worldwide spending on 5G infrastructure is expected to reach $2.3 billion. The top 5 use cases of 5G are video detection and alerts (83%), video surveillance (83%), eMBB (78%), remote-controlled machinery (77%), and connected cars (75%). 5G technology is transforming how companies and people connect with each other.

Artificial Intelligence is the top technology on the CIO’s wish list, with a share of 72%, followed by the Internet of Things, with a share of 46%. Artificial Intelligence leads to an increase in productivity, efficiency, and helps to achieve better outcomes more than 75% of the time. Artificial Intelligence is also one of the key technologies in new economy industries.

Read More: Trends Transforming the Technology Consulting Industry in 2023

Top Technologies in Software Engineering

Software product engineering services are a high priority in almost every industry. With the increasing digitization, companies require enterprise-focused or consumer-centric solutions. They need to reach users who are online and connect with them on a relevant level. Therefore, the innovation development process and the latest technology become a need of the hour for such organizations.

However, it’s not necessary to adopt every technology for building software. Engineering solutions require a complete assessment of which technologies best suit the company’s needs. Let’s have a look at some of the top technologies that are driving innovation in software engineering.

Cloud Computing:

• Cloud computing and networks are commercial data centers for companies. Today, Google Cloud, Amazon Web Services, and Digital Ocean are already winning in the cloud computing market.
• Cloud enables companies to deploy solutions, upscale & downscale, increase computing power, and maximize storage capacity without any hassle. Companies can access private, public, or hybrid data servers for solution deployment.

Cybersecurity:

• Annual damages from cybercrimes go over $6 trillion. Cybersecurity takes center stage as companies deploy solutions that contain sensitive user information. Product engineering solutions and services in the FinTech market focus primarily on cybersecurity.
• Companies now look for ways to introduce cybersecurity protocols in their existing systems as well. Whether it’s a firewall breach or a phishing attack, cybersecurity engineers are training and equipping themselves with the right tools to stay prepared for such damages.

Artificial Intelligence:

• Needless to say, Artificial Intelligence is a primary technology in software engineering. From automated testing to the drag-and-drop interface of programming, Artificial Intelligence is making waves in the software engineering industry.
• Developers use AI-based tools and technologies to optimize their code, run tests, and add functionalities that might be hard to use. On the user’s end, AI enables companies to leverage data and provide better services to them. Artificial Intelligence is useful in adding recommendation features to applications.

DevOps:

• More of an approach than a technology, DevOps is something that no software product engineering solutions company can afford to miss. DevOps brings together the development and operations to achieve continuous deployment, integrations, and improvements.
• DevOps established important connections between teams, keeping them updated about the client’s requirements. By using a proper DevOps infrastructure, they focus on the application lifecycle and deploy and test software and codes reliably.

Checkout our Successful Case Study of Online Marketplace in eCommerce Industry

Conclusion

Software engineering is changing how engineers create solutions. Today, they are integrating the latest tech to supercharge their innovation development process. Artificial Intelligence, IoT, Blockchain, AR & VR, and many more technologies are useful at the backend in delivering desirable engineering outcomes. By implementing these technologies, software engineers can make sure that they build solutions in a timely manner.