The future of technology in Hungary

Science and technology in Hungary are one of the country’s most evolved sectors. In 2021, the country ranked 27th for most innovative countries, according to the annual Bloomberg Innovation Index. This is a major factor in determining which countries are the most technologically advanced in the world. The minister of Innovation and Technology, László Palkovics, highlights that the future is Hungarian, high-tech and green.

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What do we know so far?

The Fourth Industrial Revolution and its technological developments affect every country’s economy and society. Countries such as Hungary will need to rise to the challenges of the fourth industrial revolution, industry 4.0, to stay competitive. The adoption of new innovations and digitalisation can significantly improve a countries’ productivity, competitiveness, and social well-being.

In the industrial production sector, digital production chains are now in operation and cyber-physical systems are being created. Cyber-physical systems (CPS) are integrations of computation, networking, and physical processes – It is where the work of machines and computers complement each other. Robotics and automation are also spreading at a rapid pace. Automation can drive Hungarian GDP growth by simultaneously raising productivity levels and addressing the labour shortage.

The future of Software Development

There are four main software development methodologies, and understanding which approaches a software company uses should be part of your hiring process. The methodologies include agile, waterfall, DevOps, and rapid application. Matching your project needs, timeline, and budget to a development firm’s approach to software projects is important for finding the right dev partner. Luckily, Hungary has some of the best software development agency to hire. Each methodology has pros and cons and can affect the timeline and cost of software development.

The current state of Technology in Hungary