As digital technology continues to evolve, the integration of innovative solutions into modern business functions is increasing exponentially. Furthermore, as newer technology continues to be made available, modern organizations are expected to keep track of and incorporate contemporary technology and trends into various business processes.
According to Gartner, 2022 projects the highest growth rate for IT budgets over the past decade, with a 3.6% increase over the previous year. This indicates a heightened reliance, dependence, and adoption of innovative technological solutions over the next year. Therefore, modern enterprises must be aware of the latest trends for innovative ISV solutions to facilitate long-term growth.
Trends For ISV Businesses In 2022:
1) Ubiquitous Next-Generation Technology
Although advanced technology such as artificial intelligence (AI), machine learning, predictive programs, and large volumes of big data have been previously out of reach for many ISV solutions; one of the most impactive trends for ISV companies in the future is the inevitable democratization of next-generation technology.
Next-generation technology will begin to be integrated into modern ISV solutions and will significantly speed up supply chains and various business processes. The global AI industry is expected to reach a market value of approximately $190.61 billion by 2025.
2) Cloud Migration and Complexity
Over the course of the following year, ISV companies will begin to offer much simpler and more implementable cloud-based solutions. Furthermore, solutions offered by ISV companies will begin to revolve around SAAS models instead of just the sale of commercially available platforms on time-based intervals.
ISV companies will begin to act as more of a collaborative partnership with their customers instead of simply playing the role of a software vendor.
3) Operational Automation
One of the most crucial aspects of any innovative technological solution is the ability to automate various business processes and daily operational tasks. However, one of the latest trends in ISV solutions for the next year is the introduction of solutions that can automate the process of automation.
This includes onboarding cloud-based services efficiently and productively as well as automating service delivery. Furthermore, automation can help organizational agility, hence significantly improving user experiences, increasing ROI, and improving customer retention rates.
4) Reshuffling Employees
Appropriately managing and shuffling organizational human resources is an extremely important aspect of creating innovative ISV solutions. As the definition of work continues to evolve and employees have changing interests, ISV companies must reevaluate the opportunities and resources that they offer for future employee development.
Planet Crust – Perfect Software Provider For You
Planet Crust’s open-source, low-code CRM solutions are the perfect tool to help your business take advantage of growing trends and advancements in technology. Planet Crust’s software is equipped with scalable cloud-ready architecture, flexible data modeling, visual workflow builders, advanced chart-building tools, robust data reporting features, and a data-rich dashboard that can provide businesses with a 360-degree overview of all organizational information. Try a demo so that your business can take advantage of the various benefits of innovative ISV solutions and trends for the year 2022.