Business needs are evolving at an incredible rate and software solution providers are moving with the times to create new systems. The evolution of technology and the opportunities this presents lead to the emergence of new products and platforms that are changing the way we all do business.

Whether within our own forex industry, the development of business software, CRMs included, is forever in a state of flux.

The software industry continues to evolve in 2022 and here we take a look at the latest emerging trends.

1.     Low-code and no-code development

Drag-and-drop editing programs are changing the game. These intuitive systems are opening up software development like never before. The low barriers to entry are leading to systems that can be developed without coding experience. This is resulting in incredible opportunities for innovation outside of traditional programming and development environments.

2.     A focus on security

Cybersecurity is becoming ever more important. Ransomware attacks are on the rise the world over and no industry or economic sector is safe. Businesses are increasingly focusing on modernizing their systems, applications and technology stacks. From replacing legacy OSes to employing white hat security experts, improving security is a major theme for 2022. At FX Back Office, we use industry-leading security protocols and procedures to ensure our forex CRM and CRM systems are entirely secure.

3.     Python rising

The most popular programming language for the creation of enterprise-level web and app development, Python is becoming ubiquitous in the development industry. The perfect tool for creating modern applications, Python is the ultimate language for web development, mobile development, or enterprise projects and can provide developers with the tools they need to leverage big data, machine learning and more.

4.     The standardization of software quality

ISO, the international standardization body, is coming to software development. Increasingly, we are going to see ISO standardization certificates attached to software products as with the spread of the IoT, interacting with software is an inescapable part of our daily lives. Companies will benefit from improved reliability and increasingly efficient processes.

5.     Cloud computing

Cloud computing is now commonplace within SMEs, start-ups, institutions and government organizations. As time moves on, we are going to see a continued transition to cloud services across a wide range of industries. Big tech firms like Microsoft, Google and Amazon will continue to offer expanding services to individuals, businesses and enterprises, allowing them to scale quickly and efficiently.

6.     Code standards

Companies are slowly moving toward creating consistency in style and language conventions when it comes to coding. This should raise the standard of coding across the board and result in industry-standard guidelines.

7.     JavaScript is still a major player

JavaScript is still one of the most popular coding languages and continues to have a place in contemporary development, even after the arrival of AngularJS. JavaScript frameworks are still expected to impact on software development given their compatibility and ease of use for both clients and developers.

8.     The Internet of Things

The Internet of Things (IoT) has been forecast to create economic value in the region of USD 6 trillion by the end of the year. Using IoT, cloud computing and connected data, software developers will be able to revolutionize their industries. Mobile devices could become more specialized to cater to specific industries and analytics and sensors will allow real-time control and monitoring of a vast array of different products, services and more.

9.     DevOps

DevOps refers to the merging of IT operations and software development in an effort to streamline workflows and improve efficiency. This practice tends to result in more agile development that can address evolving trends within the industry. Systems built with employee and user experience at their core result in the creation of far more user-friendly, intuitive systems.

10.  Artificial Intelligence

The use of Artificial Intelligence (AI) is one of the fastest-growing software development trends. The growth of AI has led to vast improvements in terms of deep learning and artificial neural networks and is sure to play a huge role in software development going forward. AI can result in more accurate predictions regarding user behaviour, customer data and customer psychology and can improve processes regarding business management across a range of areas, from maintenance to stock control and more.

11.  Cloud-native apps and frameworks

Cloud-native apps and frameworks will allow software developers to create efficient, durable and secure cloud-native systems and apps far more quickly. Developers can create servers, data layers, applications, and web apps using a single platform and cloud-native apps can be built using many frameworks.

12.  Microservices architectures

Monolithic architectures are on the decline due to the rise of microservices architectures. Microservices architectures have emerged in order to address the needs of contemporary software development and represent the future of software design. Through a modular approach to development, small and independent components are designed to work together and can be easily adapted, allowing businesses to constantly develop their software in new, innovative ways. At FX Back Office, we pride ourselves on our modular approach to our forex CRM and CRM systems, this allows us to respond to client needs and to quickly and efficiently bring new solutions to market.

The Future?

The vast array of factors that influence software design, from innovation in design, to the emergence of new technologies, to consumer preference and developments outside of the industry, mean that software development is a naturally vibrant, evolving arena.

The forex industry is no exception. Our CRM and CRM systems have to evolve to keep pace with client demand and evolution within our industry. As a CRM provider, we’re committed to creating the finest CRM systems and back office tools through the adoption of the industry’s best practices and latest advances.

We can’t say what the future of the forex industry, forex CRMs or software development in general will hold, but we can point to the trends above, we can be agile and we can embrace change.

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