Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
Gartner announced the top five strategic technology trends in software engineering for 2024 and beyond.
Meeting business objectives is one of the top three performance objectives for 65% of software engineering leaders, according to a Gartner survey of 300 software engineering and application development team managers in the US and UK in the fourth quarter of 2023. By investing in disruptive technologies, software engineering leaders can empower their teams to meet business objectives for productivity, sustainability and growth.
"The technology trends Gartner has identified are already helping early adopters to achieve business objectives, "said Joachim Herschmann, VP Analyst at Gartner. "These disruptive tools and practices enable software engineering teams to deliver high-quality, scalable AI-powered applications, while reducing toil and friction in the software development life cycle (SDLC), improving developer experience and productivity."
The top five strategic technology trends for software engineering for 2024 are:
Software Engineering Intelligence
by 2027 50% of software engineering organizations will use software engineering intelligence platforms to measure and increase developer productivity
Software engineering intelligence platforms provide a unified, transparent view of engineering processes that helps leaders to understand and measure not only velocity and flow but also quality, organizational effectiveness and business value.
Gartner predicts by 2027, 50% of software engineering organizations will use software engineering intelligence platforms to measure and increase developer productivity, compared to 5% in 2024.
AI-Augmented Development
Software engineering leaders need a cost-effective way to help their teams build software faster. According to the Gartner survey, 58% of respondents said their organization is using or planning to use generative AI over the next 12 months to control or reduce costs.
AI-augmented development is the use of AI technologies, such as generative AI and machine learning, to aid software engineers in designing, coding and testing applications. AI-augmented development tools integrate with a software engineer's development environment to produce application code, enable design-to-code transformation and enhance application testing capabilities.
"Investing in AI-augmented development will support software engineering leaders in boosting developer productivity and controlling costs and can also improve their teams' ability to deliver more value," said Herschmann.
Green Software Engineering
Green software engineering is the discipline of building software that is carbon-efficient and carbon-aware. Building green software involves making energy-efficient choices for architecture and design patterns, algorithms, data structures, programming languages, language runtimes and infrastructure.
Gartner predicts by 2027, 30% of large global enterprises will include software sustainability in their non-functional requirements, up from less than 10% in 2024.
The use of compute-heavy workloads increases an organization's carbon footprint, and generative AI- enabled applications are especially energy-intensive, so implementing green software engineering will help organizations prioritize their sustainability objectives.
Platform Engineering
Platform engineering reduces cognitive load for developers by offering underlying capabilities via internal developer portals and platforms that multiple product teams can use. These platforms provide a compelling "paved road" to software development, which saves time for developers and improves their job satisfaction.
Gartner predicts that by 2026, 80% of large software engineering organizations will establish platform engineering teams, up from 45% in 2022.
Cloud Development Environments
Cloud development environments provide remote, ready-to-use access to a cloud-hosted development environment with minimal effort for setup and configuration. This decoupling of the development workspace from the physical workstation enables a low-friction, consistent developer experience and faster developer onboarding.
Industry News
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.
Elastic announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications.
Red Hat introduced new capabilities and enhancements for Red Hat OpenShift, a hybrid cloud application platform powered by Kubernetes, as well as the technology preview of Red Hat OpenShift Lightspeed.
Traefik Labs announced API Sandbox as a Service to streamline and accelerate mock API development, and Traefik Proxy v3.2.