Digitization is not a new concept for today’s businesses. However, what earlier was a voluntary business move, 2020 made omnipresence vital for survival. Besides, it made businesses realize that they don’t have to invest a hefty amount for digitizing their business. A report by Gartner suggests that, by 2024, 75% of all the applications built around the world will be made on low-code development tools.
Simply put, for non-coding folks, creating software is not a puzzler anymore! Low-development is a method with which you can easily create software solutions and applications with the help of pre-built code and easy-to-work interfaces. You mainly work on graphical programming tools using simple logic and drag-and-drop features.
What makes low-code development easy for non-coding people?
- As you build your software or website, you can seamlessly view your production.
- The multilayer security feature in low-code platforms keeps your safety worries at bay!
- While one may think experts can only build AI-powered software, low-code development could prove it wrong! Specific low-code development platforms offer artificial intelligence features which assist you in building intelligent business applications and software solutions.
Is low-code development suitable for your business?
Certain advanced solutions come with handling larger data and complex algorithms. So, if your product/service revolves around this core concept, low-code development may not be for you. Because when you wish to switch to traditional coding, migrating data and revamping the product gets tricky in the later stage.
Having said that, it’s brilliant how low-code development has helped to bring their product to the market smartly. When your business model is such that it either solves problems or makes their life better, that too at their budget, they are always eager to use your product. However, if you don’t bring it to them sooner, they will switch. They will find an alternative to your product. This case is enough to highlight how getting the product to the customer at the earliest is vital. Unlike traditional code, which is time-consuming and costly, the low-code approach is undeniably smarter in bringing your product/service on the digital platform.
Here’s how low-code development helps startups in different phases of their business process.
- If your startup is in the early phase of the idea validation stage, the low-code approach is perhaps best for internal monitoring and testing.
- Rapid product development is one of the best benefits of low-code development, which you leverage during the prototype stage. AI and machine learning always come to the rescue.
- Similarly, businesses can target early clients through simple software or applications format.
- If your business model does not require advanced tools and complex coding features, low-code development is definitely an option that can help you launch your product in a faster and smarter way.
What can you code using low-code development?
It’s astounding how low-code development can address a wide range of business domains and various projects. This development approach is most suitable for the following types of web software solutions and applications. However, the list is non-exhaustive!
- Operational improvement applications
- CRM software solutions
- Workplace management solutions
- Bringing automation in IT product processes
- Fintech solutions
- Legacy migration applications
Benefits of low-code development:
Following are the reasons why you should consider adopting a low-code software development approach.
Improved agility:
Some of the experts believe that low-code software development is the future of business agility. Since such development allows you to modify internal software solutions, it eventually helps non-coders fill workflow gaps through simplified visual techniques. Also, the teams can easily make it responsive for all kinds of devices and gadgets.
Decreased cost:
The need to have a complete tech team is eliminated using low-code development. All you have to do is outsource a coding platform that helps you with low-code. Not only does it reduce hiring costs, but it also reduces your time investment in building applications, thereby reducing overall app production costs.
Higher productivity:
With low-code, you can do away with the lengthy technical code that eats up your time. Besides, it contributes to better collaboration within the team. Be it the development team or other departments; every member gets on the same page. It eventually saves a lot of time; as a result, improving productivity in the business.
Better customer experience:
Low-code development allows you to work on pre-built design templates and improved interfaces, and hence it betters the customer interactions on the platform. Therefore, a seamless experience is what you can offer to the end-user without disturbing the product’s functionality.
Effective risk management and governance:
Unlike other code approaches where constantly making changes is a task, low-code development platforms are designed on the ‘change is constant’ premise. How? You can update or amend processes without having to write extensive code. Consequently, businesses can have an integrated risk management system that makes alternates at a lower TCO.
Faster transformation:
In the past two years, we have seen thousands of small businesses digitized owing to pandemic restrictions. Therefore, low-code development has become a blessing in disguise for many of them. Not only has it helped businesses to own a digital platform for their products and service, but it has also widened the reach bringing faster transformation.
Conclusion:
As low-code development paves the way for many startups to bring digitization and automation in their operations and offerings, the low-code approach has a long way to go in various business industries. The growing popularity is a result of the solid enterprise architecture that it streamlines. All that being said, it’s a technological catalyst in the making that is yet to unveil its potential fully.
