Over the past few months, we’ve witnessed change sweeping across almost every aspect of our lives; right from our work, education, to business. While the reverberations of its impact rippled across every sector, not all of them have been adverse. On one side, while the pandemic has certainly dealt a huge blow to the world economy, on the other, the challenges posed have spurred innovation paving the way for a new future where the readjustments made today become the new normal of tomorrow. Schools have started using apps to track attendance in their virtual classrooms. Banks are embracing new software and automation tools to process loan applications faster. Hospitals are opening up their virtual doors to an online consultation and are embracing technology amidst other measures to tackle COVID-19 challenges. Non-profits are taking to web portals to meet the rising demand for necessities and to deliver meals to the needy. The manufacturing sector has turned to automation tools to ramp up their productivity. And if there’s one element that’s meeting the explosive demand for rapid change – that’s low-code development!
When low-code development first burst onto the scene, its prowess was relatively unknown. Soon, the pressure on enterprises to adapt quickly to meet the changing dynamics opened up the doors to low-code. Today, the pandemic has thrust low-code into the limelight enabling it to gain traction like never before. A Forrester report projects that the low-code market will double in size by 2024 pegging the growth to a whopping $14 billion. So, what’s the fuss all about? And why, now more than ever, has low-code experienced a boom?
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The answer lies in the simplicity and ease that low-code brings. Conventional development demands extensive coding and high technical complexity that leaves little scope for change. Adding a new feature would involve days to weeks of work, often proving inadequate in meeting immediate demand. Low-code enables people with no coding skills to build apps, modify them, and scale up as needed. Its USP lies in its ability to turn business users into citizen developers that extends their ability to build apps on their own or collaborate with the IT personnel to build apps more quickly.
Some of its benefits are:
Speed: No more time-consuming complex code. Low-code development relies on a visual model of development and pre-made templates that make the process easy
Agility: Adapt and respond to market changes easily with innovative solutions that can be developed rapidly thanks to low-code’s endless ease and simplicity
Anyone can do it: Everyone in the organization can collaborate and work, thereby enabling the development of more evolved and better applications
Lower IT costs: Low-code platforms reduce demand on internal IT resources, empowering non-technical users with the power to build. Not just that, it reduces dependency on external tools, allowing you to build your own solutions, thus reducing third-party licensing fees.
Improved user experience: Unlike third-party enterprise software, low-code platforms vest the ultimate control to the users making it easier to define clean and intuitive user experiences.
THE RISE OF LOW-CODE: WHAT LED TO ITS SUDDEN SHOT IN POPULARITY?
A crisis often results in the adoption of new technology or measures to combat or alleviate its effects. Be it the shift in interest towards open-source software following the 2001 dot com crash or the rise of Alibaba’s Tao Bao amidst the 2003 SARS outbreak in China, as many crises in the past, the pandemic has accelerated the adoption of new tools and technology. No industry is immune to COVID disruption. Recovery and regrowth from the fallout will largely depend on an organization’s ability to accelerate transformation, embrace change, and respond quickly to unforeseen demands. Organizations of every size and shape will have to be quick to respond to change to sail through and emerge stronger on the other side of the crisis. Low-code makes a strong case in helping achieve just that!
Low-code was already on the cusp of emerging into the mainstream, however, the COVID-19 pandemic has only further accelerated it, enabling many small businesses and enterprises to shift their processes and adapt to the new way of working quickly.
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Here are a few reasons why low-code has boomed now:
- IT’S ENGINEERED FOR COLLABORATION:
With the COVID-19 pandemic turning our normalcy upside down, it might seem logical for enterprises to put digital transformation initiatives on hold and reprioritize their IT goals and budgets. On the contrary, digital transformation is precisely what’s needed to wade through the uncertainty, to innovate, bridge gaps between remote workers, find new ways to operate, and keep customers engaged. Low-code development is a viable agile vehicle that allows businesses to meet the ‘new normal’ by utilizing technology strategically and accelerating the development of new applications and prototypes to align with the rapid disruption.
- DEMOCRATIZES INNOVATION
Great ideas can stem from anywhere; not necessarily from your strategic departments or your IT teams. In times like these, rising to the challenges means empowering your workers to develop, innovate, and implement. This is why low-code proves so valuable. It enables you to unlock the potential of your resources by democratizing development which empowers employees to innovate and quickly solve problems.
- DRIVES COST-EFFECTIVE STRATEGIES
Another factor that’s driving the surge in the use of low-code development is the cost-effectiveness it can bring in – a crucial element, especially in the current situation, where businesses of all sizes are finding ways to cut back and are focused on budgeting. Low-code can reduce development time by up to 90% in some cases, and boosts cost-effectiveness by enabling organizations to tap into the inherent potential of their existing workforce, without the need to pay exorbitant costs associated with traditional development models.
LOW-CODE IN ACTION:
The last few months have put a spotlight on weaknesses that were either ignored or pushed off for far too long. Now, with the pressure to adapt in increasingly tight budgets, it’s not just about fixing what’s broken, rather it’s about developing new ways of carrying out businesses. And there are several examples of companies who’re doing it right with low-code development playing a pivotal role in driving their success.
For example, when New Orleans became one of the epicenters of the virus, the Orleans Parish Communication District developed an array of low-code apps for management that included a self-quarantine registry, reporting apps, citizen request form for critical resources among others.
The recent launch of the SBA CARES act overwhelmed a majority of banks in processing loan applications. Academy Bank, which offers banking services in four states, demonstrates a strategic nature to low-code. Right from tracking the large volume of PPP applications to ascertaining the status of loan applications, they needed a smart way to allocate resources and manage the applications. They turned from a spreadsheet to building a Salesforce app from scratch in just a few hours to ease the process, thanks to the power of low-code. Low-code also made it possible for dedicated apps directed at managing PPP loans to be launched in the market within weeks of announcing the loans.
Vuram, a hyperautomation services company that excels in low-code development and automation recently digitized the paperwork-based delivery system of a food and pharmaceutical chain of stores in Canada, by rapidly building an app. The App achieved end-to-end digitization, right from driver onboarding, work assignment to trip completion. Currently, in use by over 3000+ drivers, the quick deployment helped not only helped the food chain sustain the crisis but it also facilitated the delivery of essentials across the country. Almost 24k+ trips have been assigned since the release of the app in June 2020.
That’s just the tip of the iceberg. The real-world examples of low-code’s applicability are endless.
LOW-CODE IS HERE TO STAY:
The rapid adoption of low-code application development in our current situation reflects our tenacity to rise to the challenges. While low-code development has existed for a long, the pandemic has reiterated the fact that technology adoption and implementation are mission-critical and can not only cushion the impact of COVID-19 but can protect and prepare businesses for the long haul.
So, have you joined the low-code bandwagon yet? If not, it’s high time you did! Don’t know where to start? Appian is one of the top low-code development tools and can help you transform your enterprise to meet dynamic market demand. Vuram is a trusted partner of Appian and has been working with the platform for 9+ years. We can help you get started with your transformation journey by leveraging the power of Appian’s low-code capabilities. Got a question on low-code development? We’re just one mail away! Write to us at email@example.com and we’d love to know how we can help you overcome your enterprise challenges.