Council Post: Unlocking Generative AI In Software Development
Summary
The application of GenAI to software development is ranked as one of the top use cases of the technology, with the market size expected to reach nearly $3 billion by 2030, growing at a CAGR of 35.3%. Historically, high-performing development teams have been optimizing each step, creating an efficient frontier for productivity and velocity. Applying AI to coding tools, which is one of the most popular areas of application, is just the start and only scratches the surface. In those cases, product managers (who listen to and assess customer needs) could create code based on the requirements of the users—enabling a much larger number of players to be involved in the software creation process and a much faster time to market. They also enable companies to seize market opportunities and release features faster than they do now, fueling growth and profitability from both top-line revenue and bottom-line savings—a truly game-changing equation in today’s hyper-competitive world.