What are the current major trends in the enterprise app industry, and how can they benefit your business? Let’s dive in and find out!
Enterprise apps are constantly evolving with the new technology that comes to the market, instantly enhancing the development process. One of the major changes that will take place in the enterprise apps market in the nearest future is a global shift to increased mobile functionality and multilevel cloud solutions.
In fact, according to Oracle CEO, Mark Hurd, 80 percent of enterprise apps will be in the cloud, with 90 percent of enterprise apps featuring AI integration. Over 50 percent of enterprise apps will be managed autonomously, Curd noted. Additionally, there will be a significant shift to mobile. Over the past decade, usage of mobile phones grew rapidly, with enterprise mobility app market expected to touch $2.9 billion in 2019.
All these developments find their way into these 4 major trends in enterprise applications we review below.
#1. Artificial Intelligence (AI)
The potential of artificial intelligence for business apps development is enormous. With AI correctly integrated into the workplace, a company has an opportunity to optimize its processes more cost-effectively and efficiently, bringing not only a multitude of opportunities, but huge savings in the long run, too.
The most popular AI integration in enterprise apps is dedicated to improving customer service and interaction with consumers. One of the most impressive AI apps currently on the market is Google Duplex. The next-step AI development after Google Assistant, Duplex is able to accomplish real-world tasks over the phone, which covers a wide range of activities – from scheduling an appointment at a hair salon to… advising on your next insurance quote.
Almost every major company offers some type of AI solution for improving and streamlining its customer service goals. One of the most popular U.S.-based AI customer experience systems is Alexa built by Amazon. Alexa is able to perform all the range of tasks that Google Assistant offers – answering questions, placing orders, setting up reminders, etc. Recently, Bank of America has also introduced its AI solution to the financial world with virtual financial assistant Erica that’s able to assist with performing all banking tasks right from your phone.
#2. Machine Learning
Another very popular emerging enterprise app trend is machine learning. By definition, it’s the science of getting computers (machines) to learn and act like humans do through feeding data and information in the form of observations and real-world interactions. One of the best examples of machine learning is Uber intelligent ride management system that provides time of arrival, estimated cost, and other real-time details with the help of setting different patterns of data and statistics.
Another impressive example is Google Translate. Among other use cases of machine learning are chatbots, as well as social media and supply chain management.
#3. AR & VR
Augmented Reality (AR) and Virtual Reality (VR) are both trends with the capability to support a number of enterprise applications in a wide variety of industries. The areas that could be improved include but are not limited to marketing, sales, training, meetings and so on.
One of the leaders in production of VR apps is Samsung. Other companies that put their foot into the door include Google with its Daydream View along with its affordable alternative Cardboard, HTC with Vive, as well as Oculus Rift, owned by Facebook.
The potential of blockchain for enterprise apps is enormous, and is being currently explored in a number of industries, including major banks, automotive manufacturers and airlines. Blockchain technology offers a number of opportunities that strategically improve performance in both medium-sized and large businesses, including transparency, security, efficient finance and supply chain management.
There’s a wide variety of enterprise apps built on blockchain. Some of the most notable ones are IBM Blockchain, which tracks the status and condition of every product on your supply chain, MedRec, allowing doctors to access patients’ records securely, and Spotify that currently uses blockchain technology in order to streamline attribution process through a peer-to-peer database.
Lastly, with evolving capabilities of the blockchain technology to improve any industry, its use in the enterprise apps market will continue to grow, and in some industries blockchain is expected to dominate the market, including grocery and retail, banks and other financial organizations, as well as healthcare. With a team of experienced blockchain developers, OpenLedger delivers custom blockchain solutions to every industry. Contact us today!