Accelerate Digital Transformation with Low Code Platforms

The taxonomy of enterprise IT is changing, thanks to the disruptive digital technologies that are rewriting the rules of the game. Digital disruption is altering the very fabric of enterprises across the world. It is creating an existential crisis, separating leaders from laggards. The dictum, go digital, or perish has exactly happened, as brick and mortar approach no longer holds good. As born in the cloud companies leaps ahead, it’s time for enterprises rooted in legacy technologies and traditional approaches to IT to change gears and embrace digital.

Pivoting to a digital regime is not easy, it is like executing a perfect symphony orchestra, numerous players have to come into the concert for a perfect play. It is in this backdrop, experts are advocating the adoption of low code platforms to accelerate digital transformation.

DECODING LOW CODE

Traditional software development and delivery processes require complicated development environments and programmers have been involved to develop code in multiple programming languages. Increasingly organizations are now looking for a solution platform where applications can be quickly built with the reduced cost of resources. It is here cloud-based low-code platforms for rapid application development make its entry.

For instance, a low code platform allows developers of different experience levels to create applications for mobile and web by making use of drag-and-drop components. Low-code developments make things easier for non-technical developers, as they don’t have to write code. It does not require very deep programming skills. Typical low code scenarios span across implementing business process automation, specific permission-based workflows, knowledge management, access rights, CRM, analytics among others can be built in very short turnaround times.

MARKET DYNAMICS

Going by available data, low code adoption dynamics appear bullish. The latest forecast by Gartner Inc says that the worldwide low-code development technologies market is projected to total $13.8 billion in 2021, an increase of 22.6% from 2020. The surge in remote development during the COVID-19 pandemic will continue to boost low-code adoption, despite ongoing cost optimization efforts.

It is expected that low-code as a general social and technological movement is expected to continue growing significantly. For example, Low-Code Application Platforms (LCAP) are expected to remain the largest component of the low-code development technology market through 2022, increasing nearly 30% from 2020 to reach $5.8 billion in 2021, as per Gartner Inc.

What is driving low-code adoption? It’s digital. For instance, digital business acceleration is putting pressure on IT leaders to dramatically increase application delivery speed and ‘Time to Value’. The increased demand for custom software solutions in support of digital transformation has sparked the emergence of citizen developers outside of IT, which, in turn, has influenced the rise in low-code. Moreover, SaaS vendors are also pitching aggressively on low-code development technologies.

A data point from Gartner Inc puts things in perspective, ” On average, 41% of employees outside of IT – or business technologists – customize or build data or technology solutions. Gartner predicts that half of all new low-code clients will come from business buyers that are outside the IT organization by year-end 2025.”

With cloud adoption on the rise, it augurs well for low-code platforms. Today diverse industries leverage low-code development platforms to jumpstart their digital initiatives.