Top 5 Software Development Trends For SMB Owners

Staying informed in today's fast-paced digital world means small business owners must be aware of emerging software development trends that can impact their operations and growth. I am sure many of you have heard about AI tools or low code options that are changing how we do software development, but you may not have enough information to know where these fit into your team. The software industry continues to change rapidly, and here are five key trends to watch for that we are seeing at Zibtek talking to hundreds of business owners a month about their software projects.

1. Artificial Intelligence (AI) and Machine Learning (ML)

AI and ML are increasingly integral to business operations, enabling companies to automate processes, gain insights from data, and enhance customer interactions. These technologies are becoming more accessible, allowing small businesses to integrate AI solutions without extensive resources.

Example Applications:

• Customer Service: AI-driven chatbots can manage inquiries 24/7, improving response times and customer satisfaction.
• Data Analytics: ML models can identify trends and patterns in data, assisting in informed decision-making.

The global AI software market is projected to grow by $100 billion in three years, from $26 billion in 2022 to over $126 billion by 2025 (Statista).

That type of growth is insane. Staying informed and brainstorming real value-added AI integrations for your product will be a great way to stay current. Try not to quickly throw something together that checks the box like hey, we are doing AI now but digging a level deeper to make sure you are really adding value to your product will be key. At Zibtek, we are happy to brainstorm with you for free to help you see what others are doing and get the wheels turning.

2. Internet of Things (IoT)

IoT technology connects physical devices to the internet, enabling data collection and communication that can streamline operations and reduce costs. This trend is particularly beneficial for small businesses seeking to optimize processes.

Example Applications:

• Inventory Management: IoT devices can track inventory levels in real-time, preventing stockouts and overstocking.
• Smart Offices: IoT-enabled devices can automate lighting, heating, and security, enhancing efficiency and safety.

By 2025, there will be over 75 billion connected IoT devices, indicating widespread adoption and potential for business integration (IDC).

At Zibtek, we are seeing the same trend: About 20% of our projects now include some sort of device integration. We see a lot of creativity in this field and forsee it continuing to grow.

3. Automation and Workflow Optimization

Automation is transforming business operations by streamlining repetitive tasks, allowing businesses to focus on strategic growth activities.

Example Applications:

• Marketing Automation: Automate email campaigns and social media posts to enhance engagement and ROI.
• HR Processes: Automate recruitment and onboarding to reduce administrative burdens.

McKinsey estimates that 60% of occupations could see 30% of their activities automated with current technologies, illustrating the transformative potential of automation.

Businesses continue to balance the build vs buy challenge and are overspending on solutions that don't really meet their needs. We have built many customer and workflow backend systems to build greater efficiency into business operations. This is where a lot of custom software deployments are successful because the use case is very clear and easy to nail down.

4. Cybersecurity Enhancements

With increasing digital dependency, robust cybersecurity measures are essential to protect business data and maintain customer trust.

Strategies:

• Multi-Factor Authentication (MFA): Add layers of security to protect sensitive information.
• Regular Security Audits: Conduct audits to identify vulnerabilities and ensure compliance.

"As cyber threats evolve, small businesses must prioritize cybersecurity to safeguard their operations and build customer trust" (Security Innovation).

5. Low-Code and No-Code Development

These platforms democratize software development, allowing non-developers to create applications through intuitive interfaces. This trend enables small businesses to develop and deploy solutions quickly and cost-effectively.

Benefits:

• Rapid Development: Reduce time-to-market with faster app development.
• Cost Savings: Minimize the need for specialized developers, lowering costs.

"Low-code and no-code platforms significantly reduce development costs by minimizing the need for extensive coding. Businesses can leverage these platforms to build applications quickly without hiring large development teams" (RPA Tech).

Conclusion

Adapting to these emerging software development trends can position small businesses for success in 2024 and beyond. By leveraging AI, IoT, low-code platforms, automation, and enhanced cybersecurity, small businesses can improve efficiency, reduce costs, and deliver exceptional customer experiences.

For expert guidance on implementing these trends in your business, Zibtek offers tailored web development services to help small businesses navigate the digital landscape and achieve their goals. Contact us to learn more about how we can support your digital transformation journey.