Why are Digital Enterprises Embracing Low-Code/No-Code Solutions?
Today’s modern, fast-paced enterprises are changing the ways of working with more and more organizations transforming their business process with hyper-digitalization. Businesses are leaving no stone unturned to rapidly innovate and adapt manual, tedious processes to match the expectations of the digital-savvy, always-on customer and deliver superior employee experiences. And there is no better way to address the accelerated digitalization need than low-code/no-code (LCNC) platforms.
Investments in LCNC platforms are increasing at an unprecedented pace as enterprises look to expedite application development and substantially shorten their go-to-market time—sometimes by up to 70%. These platforms make it more convenient to absorb the constantly changing consumer demands and address the challenge of getting skilled resources for software development. No surprise then that according to NASSCOM, the global LCNC industry is likely to grow at a CAGR of 28.1% between 2021 and 2025.
For businesses progressively moving toward digital transformation, there are good reasons to choose LCNC over the complex coding approach while designing new apps. Some of these are:
Rising demand for enterprise apps: Gartner predicts that the market demand for software development will grow 5X faster than the IT capacity available to fulfill it. Businesses realize that in a digital-first world, they must own applications to enhance employee efficiency, streamline data management, promote brand loyalty, and earn better revenues. With LCNC tools, it is easier to meet the growing demand for enterprise apps.
Access to technology with cloud disruption: In the early 2000s, digital technology could be effectively used only by large-scale enterprises that had funds to buy expensive hardware. Their upgrades and maintenance also involved high costs. Small and medium enterprises could not afford such expenses and typically lagged in business innovation. App development is more accessible and affordable today, thanks to cloud computing. Even startups and small companies can harness its power to build bespoke apps without inflating costs or deploying complex infrastructure. The cloud-native nature of LCNC platforms gives them the added advantage of developing the products they need quickly and within budget.
Reduced involvement of IT: Traditionally, any technology work needed the participation of experienced and qualified IT personnel at every step. The developers led decisions on the features and functionalities of an application. But LCNC tools have changed the model by reducing dependency on IT experts. With LCNC, citizen developers with no prior software development experience can now be the proposed app’s builder. The citizen app development process also gives experienced developers more time to manage complex IT issues.
Less dependency on traditional approaches to app building: The popularity of conventional coding techniques, including C, C#, Java, Python, PHP, and Rails, has somewhat waned. LCNC platforms can handle required software coding independently by enabling visual drag-and-drop functionalities with smart engines. Businesses can build an effective, data-driven software development environment that has a clean canvas and facilitates the rapid scalability of apps. Even without the support of expert coders, business specifications can be turned into end-to-end applications seamlessly.
Lower costs: LCNC approach to building apps helps users to save costs on creating digital solutions by:
- Eliminating the need to hire richly experienced developers
- Trimming down the app development cycle
- Reducing maintenance costs for developed applications and software
More agility for upgrades: As the industry environment evolves and customer expectations change over time, enterprises must be flexible and agile to adapt and flourish in a dynamic market. Unlike traditional software development technologies, LCNC platforms allow digital enterprises to modify and upgrade their applications quickly and effortlessly. Their smooth drag-and-drop abilities simplify work on redesigns, enabling organizations to make the most of market opportunities and mitigate risks of application failure.
Reduced risks of shadow IT: To increase the usage of digital solutions in their departments, some teams are tempted to try unknown apps and systems without consulting their company’s IT professionals. Such practices open doors to cyber threats. When employees have the freedom to develop the applications they require with no-code platforms, the impulse to download security-threatening third-party solutions can be eliminated. Users can consult the IT department and work with them to design custom apps that are transparent and add business value.
Leading adopters of LCNC platforms: The NASSCOM publication has also revealed that SaaS, BFSI, and retail industries are some of the leading adopters of LCNC platforms in India alone. Across the globe, healthcare and hi-tech sectors are drifting towards LCNC platforms, and the top use cases for these platforms are in data collection and process automation.
Source: NASSCOM
Aaseya leads to enabling digital transformation through low-code digital technologies. Our consultants have unique expertise in deploying cutting-edge low-code platforms and delivering business value to customers with faster software development, richer functionalities, agile scalability, and lower costs.
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