[February 07, 2013] |
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DataArt Forecasts 2013 Enterprise Software Market Predictions
NEW YORK & LONDON --(Business Wire)--
Big Data Storage enhancements, 3D data visualization and the growth of
alternative marketplaces are among the top trends forecasted by practice
leads at DataArt,
a custom software development company that builds advanced solutions for
select industries. Experts from Financial
Services, Healthcare,
Clean
Tech, Travel
& Hospitality, Mobile,
and Cloud
Computing shared their predictions based on customer feedback and
industry research of this year's major areas of expansion and focus for
enterprise development. Predictions for 2013 include:
-
Big
Data storage access to increase: The increase of tools
and enhancements will ease the use of Big Data storage and computation
technologies for developers. Full text search and map reduce
computations will be utilized actively in small data areas, previously
labelled as Big Data technologies.
-
The value of analytics
to strengthen: As more businesses universally accept the use of
analytics, the use of Natural Language Processing, information
retrieval, semantics analysis and machine learning, GEO location
analysis and speech recognition will further drive innovation in all
industries.
-
Data
Visualization to increase: The use of 3D data
visualization will increase to assist with anlyzing and making better
use of analytics, along with WebGL technologies continuing to evolve.
The adoption of 3D printing is also set to increase and revolutionize
healthcare and manufacturing.
-
Mobile broadband to increase cloud
adoption: The increased usage of mobile devices with broadband
internet access will drive applications to adopt the cloud for data
storage and processing. This will result in more mobile devices
handling compute-intensive tasks by leveraging cloud services and
full-scale computer vision capabilities to users.
-
Growth in Machine
to Machine (M2M) technology: There will be a shift in
tools to develop for embedded devices, including better APIs, less
complex programming languages and easier to use general programming
skills. This, and the increase in overall mobile usage, will cause a
greater push to M2M technologies; involving embedded, cloud and mobile.
-
Finance
to increase technology adoption: Fund managers, researchers and
algorithmic traders will ramp up their investment in cloud and Big
Data technologies, using them for their data management and analysis
activities in 2013. Both new and existing market data vendors will
begin offering an array of historical data that is pre-packaged with
cloud hosting services for firms' computation-heavy tasks, including
areas such as firm-wide risk and strategy back-testing. Fund
administrators and other service providers may also join, thanks to
their unique relationship with clients.
-
Growth of alternative
marketplaces: The market share of the traditional ways
to trade, including both public exchanges and dealer markets, will
further diminish. In equities, the volume of off-exchange execution
via dark pools and other vehicles is expected to reach new historical
highs. The fixed income world will also continue to experiment with
various kinds of all-electronic trading platforms. The commissions of
exchanges and established sell-side players will continue to shrink,
requiring them to cut costs.
-
Healthcare
technology to increase innovation: With Personal Health Records
(PHRs) becoming generally accepted and initiatives such as BlueButton
making it easier to download and share medical records with different
medical and insurance providers, the market will flourish with new
mobile apps. Big Data companies will use data-mining and data analytic
developments in healthcare to track certain patterns and
interconnections to display personalized recommendations to the end
user. 3D printing is on the way to becoming a mainstream technology
for manufacturing medical components.
"Mobile
computing will be reenergized in 2013, as new applications, more
intuitive experiences and advances in everyday use are set to be
introduced," said Eugene Goland, President of DataArt. "This will also
be the year that technology start-ups take advantage of market
opportunities and introduce mobile innovations such as natural user
interfaces, augmented reality and image recognition. We expect a growth
in opportunities across the enterprise software space, including new
hardware, with a push for innovative machine to machine technologies."
About DataArt:
DataArt (www.dataart.com)
is a custom software development company that builds advanced solutions
for the financial
services, healthcare, hospitality and other
industries. Combining domain knowledge with offshore cost advantages and
resource flexibility, DataArt develops industry-defining applications,
helping clients optimize time-to-market and minimize software
development risks in mission-critical systems. With an unrivaled talent
pool of highly skilled software engineers in New York, London, Russia
and Ukraine, DataArt provides the technical skill, accountability and
industry knowledge needed to deliver custom applications on time and on
budget. DataArt clients include
Standard & Poor's, Harmonic Fund Services, Ogilvy (News - Alert), artnet, Panasonic,
Cancer Research, Ocado, Charles River Laboratories, Betfair, Misys,
leading asset management firms and three of the world's top ten
investment banks. @DataArt
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