Digital transformation is not just focused on bringing agility, accuracy, efficiency, and quick turnaround time but also help businesses achieve objectives to deliver excellence as well as services with ease, optimize their resources, and reduce their timelines. Low-code development offers a promising future where almost anybody can create workflow automation to streamline operations for a more efficient, productive workplace. It is being adopted across different industries like fintech, healthcare, and manufacturing for creating a range of applications, due to its simplistic and flexible development approach.
According to a study conducted by Forrester, 84% of enterprises have turned toward low-code for its ability to reduce strain on IT resources, increase speed-to-market, and involve the business in digital asset development. It enables the development of applications 20 times faster with 100 percent of enterprises receiving ROI from their low-code adoption.
Low-code platforms help extend flexibility, speed, and automation
In the present scenario, organizations have resumed their business activity and are adhering to the ever-changing guidelines of the government to ensure employee’s and customer safety. Business owners and managers have devised a plan to quickly evolve, execute and optimize their services to meet various business requirements. Transition to hybrid work solutions is helping businesses plan, coordinate, and manage their business reopening and start serving their customers again with a reliable and a robust solution.
These solutions are aimed at helping businesses to ensure optimal health and safety standards for their staff as well as customers by providing timely and accurate information to their leaders, managers, and employees. It is helping several customers in India create a safer work environment with adequate customizations and quick deployments to improve workplace security, employee health, safety management.
Low-code platforms can strengthen the digital transformation journey of every organization. 64% of enterprises using low code have been able to overcome the toughest digital transformation challenges of not being able to deliver the business needs at speed, lack of technology skill, and business process redesign.
The drag-and-drop solutions and low-code capabilities have helped even inexperienced employees in coding to rapidly automate processes allowing organizations to concentrate on more meaningful tasks that can simplify the process of building software for the businesses. In the next 2-3 years, Gartner forecasts that globally 70% of new enterprise applications will be developed using low-code or no-code technologies by 2025.
Low-Code will help overcome the shortage of skilled developers
The surge in low-code services is making cloud the centrepiece of new digital experiences. Low-code cloud platform will become the pervasive style of computing in future. With the change in the operating model, organization will turn to a product-orientated operations where training will be required for new roles and responsibilities acquired. According to a report by Nasscom, the low code market is set to generate revenue between USD 4 billion and USD 4.2 billion by 2025.
One of the largest wireless carriers in the US enabled employees across its business to quickly adapt, improve processes, and uncover insights into operations by developing apps themselves with low-code Platform with enhanced collaboration, speed and productivity gains. The use of low-code and no-code technologies will nearly triple by 2025 which will give rise to low-code application platforms and citizen developers who will be able to build apps on their own. The social and technological movement and massive adoption towards low-code is expected to grow significantly and remain the largest component of the low-code development technology market through 2022, therefore curbing the shortage of skilled developers.
Unleash innovation through citizen developers
Low-code’s unified platform has helped companies unleash their potential by breaking down data silos, innovating, and reducing costs to connect better with customers, products, people, and operations. And it is helping organizations adopt the latest technology and integrate it into the firm, to build its own unique digital capability, and the 'trust factor. The need for digital solutions at cost-effective options has fueled the need for low-code adoption. High levels of flexibility to make customized applications has made it an innovative technology for better coordination among multiple stakeholders while ensuring speed and accuracy.
Low-code is emerging to be the go-to solution for organizations across verticals as it helps seamlessly integrate data with technology. The business world is certainly ready to embrace low-code development in its everyday operations. Building digital platforms that cater to the need of bringing process, people, and data together will help improve the speed of execution and engage people in free flow ideation, foster better problem-solving, and innovation. True organizational collaboration and digital transformation depends on how quickly a brand can build and deliver slow and abandon the use of expensive code-heavy app development tools.
Praveen Mellacheruvu is the India Business Lead, Business Applications at Microsoft India