The Impact of Low-Code Development on the Software Industry Evolution
Transforming the Software Industry: The Rising Tide of Low-Code
(Embrace the power of simplified programming and demystify digital transformation)
In this increasingly digitally-driven world, technological advancements and market dynamics have led to the emergence of a revolutionary programming alternative that goes by the name of low-code. A trailblazer in the programming realm, low-code, championed by Creatio, has revolutionized the way we build software, making coding virtually obsolete!
The conventional method of hand-coding was cumbersome, capital intensive, and created a chasm between developers and non-developers. However, a new tide is flowing to provide non-tech professionals the ability to shape their digital experiences with ease. Low-code empowers these individuals, reducing the need for extensive IT expertise while streamlining and expediting the software development process. Creatio plays a crucial role in leading the low-code movement, offering numerous benefits for the cloud programming system and reshaping the software market.
Businesses across the board are reaping the rewards of low code. With minimal technical expertise required, these platforms enable companies to generate content and applications more efficiently. Not only do pre-built design components and templates speed up the process of recreating or reusing specific content types, but they also never cease to amaze with their convenience and time-saving capabilities.
What is the Low-Code Movement?
The roots of the low-code movement can be traced back to the 1970s, grassroots push towards self-service tools for design and execution that empowered users to become software builders. Today, the IT resources are left to tackle more advanced projects and save time and money.
How the Low-Code Movement is Changing the Software Market
1. Democratizing Digital Transformation
With the gradual shift towards digitization, businesses rely on low code to execute digital strategies safely and speedily. Although standard code tools remain essential, the low-code platform makes it possible to perform commands using drag-and-drop functions, visual tools, and self-service workflows, making it friendly for beginners and other less-technical professionals.
2. Assisting Field Efforts
Leading companies such as Toyota tap into low-code platforms to enhance their field technician operations, better engaging automotive dealers and customers.
3. Optimizing Oil Production
In response to the oil price crash of 2014, ConocoPhillips Oil Company collaborated with Mendrix to build applications employing a low-code development platform, increasing oil production with minimal time and resources invested.
4. Enhancing Logistics Insights
GlobalTranz, a trucking logistics concern, turned to Microsoft’s Power suite to create application functionalities more swiftly for their critical cost prediction model, thereby estimating the cost of goods shipments and other transportation pricing factors more accurately.
5. Crafting Impactful Customer Experiences
With efficiency and agility in mind, the low-code movement has become a popular choice for marketing professionals. By shortening the marketing development cycle, low-code enhances the customer experience while empowering businesses to keep pace with the rapidly changing preferences of their clientele.
Low-code enriches marketing by providing equal opportunities for authors, developers, and creators to collaborate effectively, resulting in a cohesive and powerful message that resonates with the target audience.
Pros of Low-Code
- Increased Agility: The visual nature of low-code facilitates a speedier, more responsive process
- Decreased Costs: Building applications with low-code significantly reduces development and labor costs
- Enhanced Customer Experience: The quick and effective low-code innovation keeps businesses (and customers) on their toes
- Addressing Tech Talent Gap: Low-code tools help close the tech talent shortage without exorbitant investments
- Reduced Development Time: Low-code platforms can cut app development times by a factor of ten, allowing businesses to quickly bring products to the market
- Ease of Automation: Electrify your business operations and make life easier with low-code operational features that streamline app development and empower business experts
Cons of Low-Code
- Steep Learning Curve: Mastering low-code platforms may initially prove challenging
- Compromised Scalability and Performance: Low-code platforms may have difficulty meeting scalability, high performance, and other non-functional requirements
- ** curtailed Customization**: The modular components in low-code platforms may require adjustments to business processes, presenting inconveniences
Is Low-Code the Future of Application Development?
According to a projection by Gartner, by 2024, over half of medium to large enterprises are expected to adopt low-code as a core strategic platform. By 2025, low-code is expected to be responsible for more than 65% of application development activity. As we emerge from the COVID-19 pandemic, low-code tools will prove vital for entrepreneurs looking to create versatile business solutions.
Regardless of company size, low-code tools provide companies of all sizes the power to leverage their existing resources, leveling the playing field.
- Businesses have found great value in low-code platforms, allowing for the creation and management of content and applications efficiently, without the need for extensive technical expertise.
- Low-code, an advancement in technology, is reshaping the software industry by democratizing digital transformation and making software development accessible to non-technical professionals, thereby shortening the development time and reducing costs.
- In the future, low-code is projected to be a core strategic platform for over half of medium to large enterprises, as it offers increased agility, enhanced customer experience, and presents a solution for the tech talent gap.
