What fundamental concepts of software engineering are lacking? Explain?

Major challenges in software Engineering
Rapid technological progress
Every technological advancement is a boon for the IT industry. However, at the same time, the phenomenal development of technology is putting further pressure on software development professionals to take advantage of these upcoming technological trends in software product development to gain an edge over competitors and stand out in the market.

Increasing customer demands
Software projects are generally conceptual and are focused on designing and developing software products that meet various customer requirements. To develop even the simplest application or product, developers must have a clear understanding of the core business concept and deliver the required features to meet the growing demands of customers.

Time constraints
Software development is a game of time. Developers work under the pressure of the environment and try to meet the project requirements under strict and limited deadlines. This is especially a problem when working with international clients in multiple time zones. Time constraints often reduce the effectiveness of development teams and ultimately lead to mediocre software products.

Limited infrastructure/resources
Another challenge that most software development companies face is the lack of resources or IT infrastructure to execute projects efficiently. This could mean a lack of high-performance software development tools, a powerful computing platform, an inefficient data storage architecture, or inappropriate networking and connectivity. These obstacles reduce the productivity and performance of software development teams and affect the bottom line.

Conflicts with software testing teams
In a classic software development project, interpersonal conflicts between the development and testing teams inevitably occur. Several factors contribute to such conflicts, such as working under high pressure to perform, different mindsets, different job roles, and the completely opposite nature of development and testing. If these conflicts are not effectively controlled and managed, they could adversely hamper the overall project.

To succeed in a dynamic software industry driven by changing technology trends and exposed to many internal and external factors, your development teams must have a clear understanding of the challenges ahead and a plan to overcome them.