Speed is the new business imperative. Spending a lot of time translating business requirements into applications is not an option. As a business leader, you must have a flexible and agile operating environment that can help you respond to dynamic market requirements. Besides, you need a platform that can slash application development time while empowering your pro-developers to invest their energies in strategic projects and bring in higher business value.
Low Code Platforms to the Fore
Low code platforms are transforming the software development process by allowing business users to develop applications while leveraging a modular approach and a friendly graphical user interface. This helps enterprises reduce turnaround time from months to days, leading to faster time-to-market. According to Gartner, “By 2025, 70% of new applications developed by organizations will use low-code or no-code technologies, up from less than 25% in 2020.” The data sets a neat premise for business leaders, like you, to act fast and make the transformative shift, from coding to modeling and configuring.
In this article, let’s talk about how low code platforms have become the go-to option for enabling business leaders to accelerate their digital journeys, simplify complex business processes, and deliver a superior customer experience.
Unlocking Business Benefits of a Low Code Platform
· Accelerated Speed-to-market
With the fast-paced changes in the technological realm and ever-evolving customer requirements, low code/no code (LCNC)illuminates the future of software development. Enterprises aim to build 1000s of applications at a much faster pace and manage them more effectively. The best-of-breed—low code providers offer at least 15-17 different technology stacks, which are integrated on a single platform to cater to various business needs and future-proof business. This has led to a significant rise in overall traction for the LCNC platform.
· Powerful Applications
The low code/no code platforms are designed to cater to three levels and categories of applications based on complexity and requirement of end users:
Level 1: These applications are primarily the internal ones that business developers can build on the low code/no code platform in a simplified manner. For instance, leave and attendance applications
Level 2: These applications are mainly designed by business users and pro developers extend these apps to cater to complex business requirements. For instance, claim management and agent-based customer onboarding applications
Level 3: These applications are pro-driven apps. A low code platform is leveraged to create headless apps, which can then be used to custom-build UI across multiple channels. For instance, onboarding apps for multiple stakeholders
A trustworthy full-stack multi-persona low code platform is one where business users and pro-developers can seamlessly collaborate to create impactful business applications and deliver a frictionless experience to the end users.
· Reduced Labor Costs
According to a report by QUANDARY consulting group, “Low code allows the average company to avoid hiring two IT developers, providing an additional $4.4 million in business value over three years plus labor reduction.”
The given stats cement the fact that certain types of apps or process designing, rule definition, etc., can be efficiently designed by business users. Pro-developers can be involved in external integration, deployment, and observability. A low code platform:
· Enables citizen developers to develop various applications
· Reduces dependency on pro-developers
· Helps businesses deliver apps more rapidly and with less skill dependency
· Saves tons of operational capital and reduces labor costs by a significant margin
How Safe are These Low Code Platforms?
Bringing in business users for application development may raise thoughts about security. However, low code platforms offer design time guardrails to mitigate risks. The in-built capabilities of these platforms, including built-in proofing, validation, and simulation help design and deliver secure apps.
The Way Forward – Low Code is an Opportunity that Can’t be Missed
The traditional approach to developing enterprise applications is a thing of the past and is on its way out. Times are changing, and business requirements are changing at a rapid pace. Low code platforms enable business users to quickly assemble various building blocks into agile, scalable, and reliable applications. Interestingly, according to a Forrester report, 100 percent of enterprises that implement a low-code development platform report a satisfactory ROI. This data confirms that low-code applications are a better and safer bet for enterprises.
The article has been written by Arvind Jha, Senior Vice President, Software Development, Newgen Software