Marked with a plenty of momentous events – such as the global financial crisis and massive IT reforms brought about by the giants of the industry, – 2022 has become a huge turning point in the development of digital technologies. Looking at the current state of things, it’s safe to assume that the next couple of years are going to be associated with optimizing business digitalization costs.
Blockchain and Machine Learning
We can already note a number of major trends emerging in various pioneering industries, e.g. in Blockchain and Machine Learning. Directly affected by the market crash and all kinds of big-name scandals, the Crypto industry is going through quite a rough patch – both in terms of the investment process and the gradually decreasing trust of consumers. The ML sphere has also experienced a significant lack of funding, which resulted from a combination of factors – namely, a handful of investors’ withdrawing from the R&D sector, businesses’ prioritizing savings over spendings, and everyone’s feeling uncertain about worldwide economy in general.
On the other hand, there are quite a lot of projects that were launched in 2022 that will keep going and have a great chance of growing into something much bigger. For example, the Noveo team had an opportunity to work on a crypto-based platform for seasoned content creators who wanted to capitalise on their experience and kick-start their career as a business expert. Essentially, this new service provides its users with the possibility to book a session with any online creator they wish, and have a candid chat about marketing strategies, running one’s own brand, pitfalls and challenges of the social media world – practically anything.
Another promising project in Noveo’s portfolio – this time coming from the building and construction domain – takes full advantage of modern AI technologies. Using aerial data from drones, it generates perfectly detailed 3D models of buildings and their individual parts, which can then be used for a whole multitude of purposes – from creating a complete house renovation plan to estimating the amount of materials required.
These are just a couple of solutions we’ve been working on along with our customers, but even these examples are a strong enough indicator that IT innovations will, once again, attract the investors back to the domain – given there’s any kind of positive dynamics in terms of the global economy growth.
AI, Metaverses, and Big Data
Although there remains a discussion to be had about the ethics and “appropriateness” of using AI for creating digital art and various kinds of entertainment content, it’s clear that this trend is only going to grow more and more popular before getting fully commercialized. After all, it already helps online communities in drawing in more first-time visitors to their social media pages and increasing their overall subscriber count.
On the other hand, the development of metaverses, which became an obvious trend of 2021-2022, hasn’t received quite as much of attention of the general public as it was expected – and it currently seems that the buzz around the subject is slowly dying down as well. However, we wouldn’t rule out the possibility of some metaverse projects gaining traction completely; for instance, such technologies could be used in education, and in more elaborate ways than one might think. Namely, one of our customers has been building a rather non-conventional educational ecosystem that brings together a number of IT domains at once – such as AI, AR, programming, robotics, video games, and Blockchain. Creating a unique blend of physical and digital, this learning/gaming metaverse platform looks like a great candidate for making it big in the upcoming years.
Another group of projects that is going to find a new way to grow and develop can be found in the Big Data field. Already popular in banking, insurance and retail spheres, Big Data solutions are gradually entering some less-obvious areas of human activity, with medicine being one of the most prominent among them. For example, the last couple of years Noveo has been taking part in implementing an intricate medical system that transforms all kinds of data (illnesses, symptoms, medication effects, etc.) into diagnostic protocols, treatment/rehabilitation plans, and even some “less serious” content such as educational articles and quizzes for doctors and patients alike.
Web and Mobile technologies
When it comes to the development of web projects, businesses and investors are likely to turn their attention towards solutions that would allow them to reduce implementation costs. Like that, small companies and start-ups are going to refer to no-code and out-of-the-box technologies – Drupal, Strapi, Wix, HubSpot, Webflow, Bravo, etc. Medium and large businesses will try and optimize their expenditures by hiring more versatile specialists, i.e. full-stack developers with experience in Laravel/Vue, Symphony/React, Java/Angular, Nest/React. And as for the development of mobile solutions, the teams will be more inclined to use well-proven hybrid technologies, such as React Native.
As such, opensource solutions and their modification for individual, local needs, as well as the development and refinement of the already existing systems by “multi-discipline” programmers will be the most important market trends for the next few years – whereas from-scratch implementation is going to lose its relevance for at least a year or two, until complete stabilization of the situation worldwide.