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How to Advance Your Career as a Software Developer – ReadWrite

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Nate Nead


Software development is a high-demand field with lots of future advancement potential – but that doesn’t mean you’re guaranteed to be a success just because you’ve entered this industry. In fact, many software engineers and programmers end up stagnating after just a few years because they aren’t sure how to advance their careers.

Fortunately, there are a handful of important, yet reasonably easy strategies that can help you continue advancing your careers.

Setting Goals

First, it’s important to set goals for yourself – and come up with a vision for your future work. What does it mean to “advance your career?” What are you looking for, specifically?

For most people, it’s some combination of the following:

  •         Job title and responsibilities. Some people want to achieve a prestigious job title or get to a position where they’re managing others. Do you want to be a leader within a major organization, responsible for coordinating entire teams underneath you? Are you looking for a specific title?
  •         Salary/pay. Are you interested in making as much money as possible? If so, you might be interested in getting more experience or learning more marketable skills. You might also be interested in starting your own company, rather than capping your salary by working for someone else.
  •         Industry/line of work. Some software developers are trying to get to a specific industry or line of work. For example, they may dream of working for a company in a specific niche, or one that’s a Fortune 500 brand.
  •         Independence and autonomy. Other software developers just want a job where they have as much independence and autonomy as possible. That could mean finding a flexible, accommodating employer or simply starting a business of your own.

Once you’ve established your long-term goals and priorities, you’ll have better direction you can use to make decisions and new habits today.

Education and Learning

No matter what, you can move your career forward by investing more in your ongoing education and experience. The more knowledge and firsthand experience you have, the more valuable you’re going to be – and the more flexible your career will become.

  •         Sign up for new classes. Even if you feel like an expert, it’s a good idea to keep signing up for new classes. Relearn the fundamentals or learn something entirely new; either way, you’ll break out of your comfort zone and challenge some previously held assumptions about software development.
  •         Learn new languages. While it’s possible to find success as a specialist in a single programming language, most successful software developers know multiple languages. Not only does it make you a more versatile developer, it also helps you think and solve problems in more innovative, creative ways. There’s no shortage of popular programming languages out there, so there will always be something new and interesting to learn.
  •         Stay up to date. The standards for your favorite programming languages are probably changing on a regular basis. Make sure you stay subscribed to the latest industry news and talk to your peers to stay up to date with the latest best practices. It’s easy for knowledge to become obsolete in this field.
  •         Follow your own creative pursuits. If you’re working as a full-time software developer for a stable employer, you might feel like your schedule is already maxed out. But even if you’re working 50-hour weeks, you should find at least a bit of time each week to work on personal projects of your own. Creating your own projects will help you flesh out your project portfolio, improve your skills in new ways, and potentially give you the option to start your own business eventually.
  •         Develop your soft skills. Most software developers understand the importance of improving their technical skills, such as language knowledge – but they neglect the all-important soft skills that are crucial for long-term career success. Be sure to polish your people skills, communication abilities, negotiation tactics, and other soft skills.

Networking and Collaboration

Advancing your career isn’t just about improving your technical skills or getting more experience. There’s also a social dynamic you need to keep in mind. Interacting with other people can improve your knowledge and experience – while also giving you access to new potential opportunities.

  •         Find a mentor. Consider enlisting the help of a mentor. A more experienced, veteran programmer will be able to help guide you, provide you with career advice, and possibly connect you to powerful people in the industry.
  •         Partner up with others for side projects. Reach out to other software developers in your area and consider collaborating on specific side projects. It’s a great way to see how other people work and complement your own creativity.
  •         Join local groups and meetups. Get involved in your local community, joining groups and regular meetups. You’ll build your personal brand just by attending – and you’ll likely learn something in the endeavor as well.
  •         Expand your network of contacts. You never know when you might meet a software developer recruiter or a hiring manager for a major company. Use networking events, meetups, and social media to keep expanding your network of contacts.

Personal Marketing

It’s hard to make any career progress unless you’re actively marketing yourself, the same way you might market a product or a business.

These are some of the best strategies to help you do it.

  •         Cultivate differentiators. There are millions of software developers out there. So why should a company hire you over someone else? Find the things that make you unique. For example, do you want to specialize in AI development? Do you solve problems in a way that other people can’t? Do you have experience that most people can’t match?
  •         Build a personal portfolio. Next, work on building your professional portfolio. Most software developer hiring managers are interested in your true capabilities – and simply having a degree or a certification is no guarantee that you’ll be able to do the job. Show off the programs you’ve created in the past and keep that portfolio updated with your latest work.
  •         Establish a personal brand. Create and promote a personal brand – a concise, packaged identity that you want to represent you in the job market. You can show of your skills, knowledge, expertise, and even your personality on social media and on a personal website. The more you network and the more active you are in software development communities, the more visibility and prestige you’ll earn.

Other Important Tips

These other tips and strategies can help you get even more out of the aforementioned suggestions:

  •         Get uncomfortable. Comfort is a career killer. When you get settled and comfortable in a specific role or working for a specific company, you become reluctant to change. It might make you feel content or complacent, but it’s not going to help you advance. To advance, you have to get uncomfortable and take risks (at least occasionally).
  •         Change jobs. Different types of businesses offer radically different experiences. You’ll meet new people, get a feel for different working styles, and broaden your horizons by working at different places. Plus, forcing yourself to change jobs periodically gives you plenty of chances to reevaluate your goals and your current progress; with each job change, you’ll likely make more money and climb a bit higher up the ladder.
  •         Get feedback. Finally, get feedback from your peers, mentors, and bosses at each step of your career. What do they see as your biggest strengths? What about your biggest weaknesses? There’s a lot you can learn about yourself just by listening to others.

A software developer’s career progression can go in many different directions, and it tends to unfold over years and decades, rather than months. You have plenty of time to build your skills, expand your network of contacts, and eventually settle into the position you want. If you’re hard working and ambitious enough, it’s only a matter of time. 

 

Nate Nead

Nate Nead is the CEO & Managing Member of Nead, LLC, a consulting company that provides strategic advisory services across multiple disciplines including finance, marketing and software development. For over a decade Nate had provided strategic guidance on M&A, capital procurement, technology and marketing solutions for some of the most well-known online brands. He and his team advise Fortune 500 and SMB clients alike. The team is based in Seattle, Washington; El Paso, Texas and West Palm Beach, Florida.

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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