The end of zero percent interest rates: what it means for software engineering practices

The era of 0% interest rates has come to an end, after lasting for over a decade. This has had a number of implications for the tech industry, including changes in software engineering practices. In this article, we will explore some of the most important trends that we can expect to see in the coming years.

One of the biggest changes is likely to be a shift from microservices to monoliths. Microservices were popular during the era of low interest rates, as they allowed companies to scale their engineering teams quickly. However, they can also be complex and expensive to maintain. With interest rates rising, companies are likely to become more cost-conscious and may favor simpler architectures such as monoliths.

Another trend is the rise of full-stack engineers and cross-platform development. Full-stack engineers are able to work on both the front-end and back-end of an application, while cross-platform development tools allow companies to build apps for multiple platforms with a single codebase. These trends can help companies to reduce costs and improve efficiency.

In addition, we are likely to see a move towards more pragmatic and simpler architectures. During the era of low interest rates, companies were often willing to invest in complex architectures that they may not have needed. With interest rates rising, companies are likely to be more careful about their spending and will focus on building architectures that are good enough rather than perfect.

Finally, we are likely to see more responsibility being shifted to developers. In the past, many tasks such as DevOps and security were handled by specialists. However, with interest rates rising, companies may look to developers to take on more of these responsibilities. This will require developers to have a wider range of skills and knowledge.

The end of 0% interest rates is a major turning point for the tech industry, and it will have a significant impact on software engineering practices. The trends discussed in this article are just some of the most important changes that we can expect to see in the coming years. Companies that are able to adapt to these changes will be best positioned for success in the new era.

I hope this article is helpful! Let me know if you have any other questions.

Source: https://newsletter.pragmaticengineer.com/p/zirp-engineering-practices?open=false