Ten years ago, most web and application developments used to depend on developers, who had to work round the clock to make their code work. Fast-forward to today, anyone with a system and access to the internet can build a website, app or internal tool using extremely powerful platforms like Low-code.
Low-Code is one of the hottest buzzwords around. The market is predicted to be worth well over $187 billion by 2030 (up from $11.45 billion in 2019). But the question is, why is it so popular?
One of the most evident reasons being the need for speed in today's increasingly complex business environment and the advent of a global pandemic only exacerbated the emphasis on speed.
We have seen the pandemic reveal a disconcerting reality, many businesses lacked the agility to respond to unplanned global events and overnight lurches in customer demand. And because of which businesses are embracing cloud and automation and switching towards an agile software development process.
But along with cloud and automation, one of the solutions that is picking up the pace in the race of Modernization and Digital Transformation is Low-code. It is like the most significant piece that could easily solve the puzzle of enterprise modernization and agility.
According to new ground-breaking research by Mendix, 75% of IT Leaders say that Low-Code is a trend they can’t afford to miss. The USA is leading the game, where four-fifths of U.S. organizations have already adopted low-code.
Therefore, it looks quite evident with the fact that low-code could be a game-changer for the software development industry, possibly even accounting for more than 65% of software creation activity by 2024, according to Gartner.
Low-code with its commendable simplicity, visual approach to application development and ease of use, brings solutions from across the automation spectrum together under one fully configurable roof. As per an article by KPMG, it is being termed as the “unifying fabric” of today's digital enterprise. The reason being it is powered by the adoption and convergence of emerging technologies that can unify front, middle and back-office functions. Hence, many IT leaders are considering low-code as the future of application development and automation.
Let's take an example of a retailing company, that desires to manage its stock, send out purchase orders, update inventory, and track orders from warehouses reaching customers. They had to juggle between three or more software pieces to review stock, trigger reminders, and more. To simplify the job, all they need is a single low-code app that could be customized. That’s the magic of low-code.
If we consider the traditional software implementations, business leaders often focus on two things: how much is it going to cost, and how quickly can it be operational? The low-code platforms enable enterprises to create applications at the speed of ideation. Conventionally, large codes and programs for a specific project were desired to be developed, and that too with frequent maintenances. But, in the case of low-code, the development time for any program or workflow gets cut off from months to mere days. In addition, when it comes to application prototyping, unlike the traditional models where it is difficult to change the core functions and features of the developed software, in a low-code platform developers can make modify the application and go for more iterations to enhance it further.
Talking about the cost factor, we know that most of the IT budget of any organization goes into the maintenance of the systems. Thus, making it difficult to manage the budget for innovation and upcoming projects. However, low-code is a saviour in this case. With the low development time and high speed, it requires fewer resources and money for developing an application, even complex projects to be accomplished quickly, giving the enterprise an open mind to invest the money in experimenting with the new product and services and other technologies.
In larger organizations, several enterprise-class information systems are supplemented by various specialized software programs that face difficulty communicating with each other or with core enterprise applications. But the Low-code programming platforms make it easy to connect software siloes across the enterprise, automating disconnected manual tasks, modernizing legacy systems and enabling seamless user experience across applications.
One of the significant features of low-code platforms is the ability to produce modern software with built-in automated testing, deployment and security (DevSecOps). The automated governance low-code platforms use AI to inspect the applications for quality and reusability, and development teams and the central IT console can have full control and visibility over the infrastructure, IT users and security.
The shift has already started and the movement is fast. The organizations that are wisely making a shift towards low-code have started witnessing their business operations capabilities becoming more agile and resilient with a unified and rejuvenated digital transformation strategy that delivers a more meaningful, engaging experience for employees and customers.
If you are looking for a partner who can help with your low-code journey, you can surely count on us. With our strategic partnership with Mendix, we have been transforming our clients’ business. Connect now to know more about our services.