The rise of low-code solution providers is making automation accessible to businesses across industries, and Gartner predicts that by 2025, 70% of new applications developed by enterprises will use low-code or no-code technologies.
The global pandemic has shown how vital it is for organizations to transform themselves, innovate and become resilient to outrun the competition and thrive in the changing business landscape.
Low-code simplifies the application development process, helping businesses easily build and improve processes with minimal to no code, with its visual user interface that allows for quick drag-and-drop functions. This ease of use is critically important for business teams because it means that they can automate their workflows and make adjustments to their processes as they need them — not when a developer or someone from IT has time. It helps in avoiding costly delays that could negatively impact revenue or customer satisfaction. Low-code also enables business teams to respond to customer feedback, competitor activity, and market changes with precision and speed, thus helping them bring about the much-needed business resilience and innovation.
Here are some top ways in which low-code helps businesses to drive innovation and business resilience.
Accelerates Digital Transformation
Technology is becoming a strategic differentiator and businesses across the world, irrespective of industries, are now realizing the importance of transforming and evolving into digital enterprises, to stay competitive. Low-code platforms enable businesses to accelerate their digital transformation initiatives, creating processes and applications without the need to rely on IT teams or developers, thus expediting the whole process, while at the same time reducing costs drastically. This is especially a boon for organizations operating in constantly changing markets and with high regulation since this rapid digital transformation helps them stay ahead of the competition and define industry inflection points.
With low code, enterprises are able to opt for a system overhaul that works best for their specific business requirements. Rebuilding the entire architecture can be expensive in terms of costs, time, and effort. A low-code platform can help to streamline the legacy modernization process in a much simpler and hassle-free manner, making the transition from legacy to modern smoother.
A key advantage of using a low-code platform to modernize the legacy architecture is that it enables the extensive long process of migration quite efficiently. With the identification of the key process and systems to modernize, the development phase can begin almost immediately, with a centralized management approach that can support upgrades and deployment of the software and applications.
Yet another significant factor is that traditional migration processes rely heavily on IT teams that may be working on several priority issues and may have backlogs. But low-code platforms empower business users through ‘citizen development’ to create workflows, develop applications and digitize the overall process in a much faster way. This will enable the IT teams to focus on innovating better and focus on more core activities.
Low code makes it easier for business users to get involved in the process of designing or redesigning operational processes, thereby reducing the dependence on IT teams, and enabling faster and cost-effective development.
Tackle Talent Shortage
Forrester in a recent report stated that future-fit firms will increasingly adopt low-code to reduce their need for the most advanced technical skills. Today the business world is reeling in a tech talent shortage which could result in the loss of trillions of dollars in revenue if the organizations do not manage to find skilled tech talent. Low code development is a key strategy in not only bridging the tech talent gap for businesses but can also ensure they remain competitive within their industry and key markets.
Those waiting for the labor mismatch to correct itself may be making a costly mistake—one that can ultimately lead them down an unsustainable path of hampered innovation capabilities and a weakened talent proposition.
Faster Time to Market
A significant advantage of using low-code platforms is the faster time-to-market for products at a lower cost, in a better collaborative way, in accordance with the changing needs and preferences of customers. Low-code enables businesses to adapt to market changes more quickly, increasing the distribution of new products and digitized offerings, ensuring better resilience.
A Quick Guide to Choosing the Right Low-code Platform for your Business
Intelion, the leading provider of digital transformation solutions, is pioneering the way enterprises develop, deploy and optimize applications. Our strategic partnership with Mendix, the world’s leading enterprise-grade low-code application development platform, enables us to significantly increase time to market and deliver 40% savings in build cost, compared to traditional development.
Talk to us to learn more about how we can help you accelerate your mobile and web application development through our low-code solutions.