IT technologies Influencing Lending Industry

It can be said that 2021 has put digitalization on steroids. And this can be seen from companies and states to the end-user. So we talked to a company in this area about what to learn to be prepared for the future.

Almost three years ago, we wrote about how the local company EXE Software delivers software solutions on five continents in countries like Vietnam, America, Germany, Great Britain, Mexico, Singapore, and even the USA. The company develops Enterprise Software (EAS) software and sees firsthand the expectations for the future. Statistics say that the lending industry positively influenced using this software while providing namely same-day emergency loans to Americans in need. It is a gratifying fact that Americans and other consumers worldwide can benefit from these helping IT technologies. But let’s find out what’s next!

We wanted to find out from the company what technologies to pay attention to and, possibly, to research if the IT field, of programming and not only, is for you.

That's how we found out that, maybe obviously, 5G is on the list. It will provide high-speed, low-latency Internet for the next decade - in many scenarios, from transportation and smart homes to the development of new entertainment, collaboration, and lending solutions.

Artificial intelligence also makes its place on the list (through machine learning or deep learning algorithms with an essential role in automation). The cloud component will also mark the IT industry, especially since we are talking more and more about collaboration and socialization platforms. Then, along with all this, the cyber security component will increase, and the data analysis systems (precisely because we are talking about more and more data).

EXE Software claims that the speed of communication, process automation, availability, and scalability of the IT infrastructure opens up unsuspected possibilities for all industries and will impact the lives of us all.

The previous year showed that digitalization is a mandatory direction for most businesses that want to stay in the market in the coming years. "But beware, this means not only the acquisition and implementation of software applications but also an in-depth review of the business model, which should take into account the enormous advantages that IT & C technology brings," said company representatives.

Concerning programming languages, the situation will change according to need. Thus, the popularity of each language among programmers will increase or decrease depending on how quickly they are adapted and what programming facilities they will offer for the cloud operating environment and for systems that include artificial intelligence.

Today, the most popular programming languages are JavaScript, C #, Java, HTML / CSS, SQL, Python, PHP, and even C / C ++. Most were launched in the 1990s, early 2000s, some even earlier. The exception is Python, the only one that has made its place among the giants in recent years. "If we look at these, which define the industry now, they have been refined over time, and we expect this to continue to happen, so there will be no major changes in the coming years," added EXE Software representatives.

3 good things for IT brought by the otherwise unfortunate context

The pandemic has boosted the digitalization process, and many companies have had to move their business online to survive or at least look more seriously at the need to invest in solutions and infrastructure - this will benefit the entire IT industry. Then the workforce in the field was more stable. Some fewer people wanted to change jobs, which gave more excellent stability to companies operating in the area.

Last but not least, working from home offered a new perspective on the efficiency of internal work processes. It thus helped to increase performance.

However, the IT industry as a whole, in 2020, took a small step back. But in 2021, estimates show that IT will grow globally by 4.2%. It would signal a return to the expected trend line, before the pandemic, of plus 5% per year.

For this year, EXE Software wants to develop the team and increase to over 100 employees and increase the involvement in development projects of new web, mobile, BI (business intelligence) and AI platforms, and the development of its products.