Innovation Goals in Software Development for Business Applications

Having been in touch with technical side of many companies in various sectors, we know industry is facing a period of unprecedented change. We have compiled a list of common technological challenges in the sector that companies are facing in adapting to the change. The purpose of this contribution is to discuss and communicate areas where technological challenges in the Software Development Sector lie. We see this kind of inventory beneficial to the academic community as it provides an account of industry challenges. The analysis would be necessary to really assist players in the sector in being better prepared for formalizing and documenting their learning and know-how development. Beside knowledge management benefits, the analysis also would help in taking advantage of research and development funding and attracting investors; both academic and industrial organizations can take advantage of this aspect. We are calling this type of analysis “capabilities analysis”. A single company might not solve the world’s technical problems, but just being aware of them and measuring steps taken to advance, even slightly, in the direction of solving the problems presented in this analysis would make the company stand out. When data is formulated this way, strong evidence is created that the project goes beyond standard engineering by distinguishing risk that can be eliminated through experiment from standard engineering risk. The main contribution of this work is classification of problems and approaches to solve them in this field.