PromptWorks Announces Key Technology Trends That Shapes 2016

By CIOReview | Monday, December 28, 2015
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FREMONT, CA: PromptWorks, a customized web applications and APIs solutions provider, announces the key technology trends that will have an impact in 2016. The firm sees growth in productizing Predictive Statistical Models, wearable tech and IoT.

The key technology trends that shape 2016 are as follows:

Productizing predictive statistical models

PromptWorks has noticed that companies are demanding for projects that turn predictive statistical models into products that provide value and generate revenue.

Rise in wearable tech and IoT

Fueled by smart sensors in a range of form factors and network-enabled devices, wearable tech and the Internet of Things will become main stream in 2016. The data generated by wearable tech and IoT all go to different dashboards and apps, whether on your smartphone or some third-party cloud-based app, PromptWorks expects to see growth in services that aggregate and combine data from disparate sources and trigger some actions.

Lean startup in the enterprise

In order to embrace the agility of lean startups, more enterprises are identifying smaller, focused teams that favor iterative development over big design up front. These teams are tasked with finding new lines of business, and use commodity cloud resources rather than go through IT as a way to save money and increase their speed. This trend recognizes that large, traditional skunkworks approach can prevent enterprises from responding quickly to product and market changes. It also shows that enterprises realize they need to be open-minded to what they need to build.

Enterprises integrating with startup tech

PromptWorks says that in 2016, some enterprises will acquire small enterprises and startups. This new model will allow them to wire up their various online services to interact with each other, making their products more useful, accessible, and attractive. It benefits small enterprises and startups with validation and access to the big enterprises as a marketing channel.

Enterprises will continue to adopt FOSS (Free and open source software)

PromptWorks sees FOSS continue to be embraced by enterprises in 2016, as it is a less risky proposition for new initiatives because it doesn't require the purchase of an expensive license. Reasons for adopting FOSS include: open source's large user community that provides updates, which means less tech support and greater flexibility with the software.