Report: AI Will ‘Profoundly Impact’ Software Development

Given that artificial intelligence (AI) now dominates the VC landscape and is redefining the global employment picture, it should not be surprising to learn that AI is also reshaping software development, but that appears to be exactly what is happening.?

According to McKinsey & Company’s recently published “How an AI-enabled software product development life cycle will fuel innovation,” an increasing number of companies are now leveraging AI to fast-track customized software development, and, so far, the results appear to be game-changing.?

“By integrating all forms of AI into the end-to-end software product development life cycle, companies can empower product managers (PMs), engineers, and their teams to spend more time on higher-value work and less on routine tasks,” says McKinsey.

Incorporating AI into their day-to-day operations may not qualify as news. As we reported last fall, many family offices now use AI to handle “mundane but critical tasks” necessary to their internal operations.??

However, McKinsey finds that more and more organizations are using AI to hasten the development of external, “customer-centric” software. As a result, many of those organizations report seeing “improved product quality, [increased] customer adoption and … greater innovation.”?

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About Susan Lindeque

Susan is a visionary entrepreneur, futurist and thought leader with over 35 years of experience in business, finance, investments, real estate, wealth creation and technologies.

Her Massive Transformation Purpose is:

“Working to Inspire Abundance for Humanity & Invest in Exponential Technologies.”

She is the founder and CEO of Avestix, a global asset, investment, advisory and technology company focusing on public securities, next-venture capital, commercial real estate and alternative assets based on ESG principles.

Susan is passionate about nurturing innovation, transformation and disruption in the new decentralized economy. She leverages her extensive network and deep industry expertise to select and empower exponential technologies that will disrupt, transform, and impact industries.

This article is for informational purposes only. All investments involve risk and some investments and investment sectors discussed may not be suitable for all investors. Please consult your financial advisor before making any investment decisions. Views expressed in this article do not necessarily reflect the opinions of Avestix or its employees.