Why Businesses Need To Be Able To Develop Apps Faster Than Ever

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With rapid changes in our current business landscape and digital technology, modern organizations are now implementing and integrating more and more software into their day-to-day business processes at an exponentially increasing rate. Furthermore, as market trends and consumer expectations continue to evolve exponentially, your business needs to be able to develop powerful enterprise applications much faster than ever before.

Recent studies have shown that low-code users are 12% more likely to say that their application backlog has improved. Therefore, low-code enterprise application development platforms can help your business substantially expedite enterprise application development processes with powerful and user-friendly features such as drag-and-drop tools, instant mobility, scalability and security tools and much more.

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Why It Makes More Sense To Build Your Own Apps Rather Than Buy Them

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With recent technological advancements and changes in our current business landscape, enterprise applications are now an indispensable asset to any modern organization. Therefore, most companies are now searching for the best possible way to create and manage enterprise applications.

However, many businesses may be unclear about whether or not they should purchase their applications from a third-party developer or build their own applications. Although purchasing applications may provide businesses with some convenience and ease in the immediate term, building your own applications can provide your business with substantial opportunities for flexibility, adaptability, customization, scalability and much more.

Furthermore, with the rise of low-code platforms, businesses can now build their own applications faster than ever before. A recent study conducted by Gartner has forecasted that approximately 65% of all application activity will result from low-code and no-code development by the year 2024. Low-code development can also empower citizen developers with little to no traditional coding experience to build powerful, high-functioning applications without the interference of skilled developers.

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What are the best practices for building enterprise applications?

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Enterprise applications are defined as software systems that are designed to help organizations coordinate, manage and oversee the functioning of various business processes and workflows. Studies have shown that the global enterprise application industry is expected to reach a market value of $527.4 billion by the year 2030, with a CAGR (Compound Annual Growth Rate) of 8.2%.

Powerful enterprise applications are a crucial aspect of any successful organization. However, the development cycle of enterprise applications can be extremely time-consuming and can also result in a substantial amount of wastage of organizational resources if not closely monitored. Significant delays and wastage of resources during the development cycle may even ultimately negate the prospective profitability of an enterprise application.

Therefore, modern businesses must be aware of certain best practices for building and developing enterprise applications.

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Which Types Of ISVs Are Benefiting From Modern App Development Approaches?

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With the evolution of digital technology and digital software, innovative solutions are continuously being integrated into a wide variety of modern day-to-day business functions. Which company does not desire an application that is tailor-made to suit their needs?

Consequently, ISV companies have been faced with an unprecedented demand for custom-built software. Therefore, it is crucial for ISVs to consistently adapt to growing demands for custom-built software.

However, it can be extremely difficult for ISV companies to adapt to changing consumer expectations and market trends using traditional application development approaches. Development, testing, and maintenance of custom-built applications is not only time-consuming, but a process that requires ample manpower, infrastructure, and strategic planning.

Even if developers do everything right, unprecedented needs for modification can always arise in software owing to erratic market trends and evolving infrastructure in various industries. Therefore, ISV companies must ensure that they are consistently evolving their application development strategies to facilitate digital transformation and product development.

To tackle the high-demand and unpredictable needs of the customers, ISVs should develop a proactive approach toward software development. With the adoption of agile development methods and modern app development practices, ISVs can easily increase their output efficiency and significantly decrease their technical debt.

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What Types Of Apps Can You Build With a Low-Code Platform?

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Custom-made applications are all the rage in the business world right now. Instead of going with standard fit-for-all software, companies now prefer tailor-made applications that suit their needs. It stands to reason, then, that the creators and contributors of these apps should be the very people who will be using them. This is where low-code platforms come in.

A low-code development platform, or LCDP, allows people with minimal training and coding knowledge to create function, complex apps. Various sectors have now adopted LCDPs to create industry-specific management software.

Low-code platforms can be used to create almost every type of organizational application including process management, human resource management, customer engagement, customer relationship management, security systems, operational efficiency apps, and more.

From improving day-to-day operations to optimizing the standard processes of the workplace, apps made through low-code can significantly help in increasing the overall efficiency of an organization.

Let us discuss a few popular use-cases of low-code in various industries today.

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How To Use Low-Code To Speed Up Innovation In Financial Services

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Financial services form the backbone of the world economy. Most organizations require the assistance of banks to launch and carry on their operations.Ensuring efficiency and accuracy in all operations of finance services hence becomes imperative not just for individuals but for the economy as a whole.

As rapid innovations in digital technology and low-code solutions continue to evolve at an exponential rate, it is crucial for modern businesses to understand the significance of speeding up innovation in various financial services.  It has been proven that organizations that prioritize the acceleration of software development and innovation have been proven to experience significantly higher competitive advantage over their counterparts that don’t.

However, innovation in financial services can be an extremely difficult process due to a lack of financial and human resources, competent digital systems and time. Furthermore, many financial institutions are often so focused on meeting short-term goals that long-term innovation seems impractical and unrealistic. However, low-code technology may be able to help financial institutions speed up innovation in financial services.

A recent study conducted by Microsoft anticipates that 450 million out of the 500 million applications that are expected to be developed and distributed over the course of the next 5 years will be created using low-code platforms. Therefore, the rise of low-code technology presents an extremely valuable opportunity for modern businesses.

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What are the three steps of low-code app development?

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Gone are the days when traditional coding was the be-all and end-all of app development. Today, with low-code, anyone can build apps from scratch with just a little coding knowledge.

Low-code is a visual app development technology that uses pre-built modules and drag-and-drop editors to facilitate app development. Low-code reduces the time it takes to develop a platform by letting developers focus on complex coding areas.

Low-code platforms can potentially bring down development times by almost 90%. Low-code also encourages citizen development which is a low-cost alternative to traditional app development.

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How to choose a rapid application development platform

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A rapid application development (RAD) platform should support visual software development, easy maintenance, and facilitate seamless team collaboration.

There are two main factors that drive any successful digital transformation: adaptability and speed. Most organizations need custom software to tackle the need for adaptability since off-the-shelf software is rarely likely to address the unique needs of individual enterprises. At the same time, software development is, traditionally, a slow and cumbersome process, where projects can take months or even years to complete, hence the need for a faster solution.

The need for speed goes hand-in-hand with the need for adaptability in an era of rapid change, where technology is constantly evolving and the demands of employees and customers are evolving with them. These factors combine to make rapid application development, or RAD a necessity in today’s enterprises. In this article, we will explain what RAD is (and what it isn’t) and how to choose the right platform for your organization’s needs.

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What Challenges Do Independent Software Vendors Face?

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An Independent Software Vendor (ISV) is defined as any software publisher or organization specializing in the generation, development, and distribution of enterprise software by licensing agreements with individual end-users and businesses. However, the ISV company retains all ownership and intellectual property rights over its software. The ISV industry is expected to reach a market valuation of $408.15 million by 2026.

However, although the software and ISV industry are currently extremely lucrative, as digital technology develops exponentially and market trends evolve, many ISVs may face challenges such as issues with cloud migration, testing processes during the application development cycle, mobile optimization, and third-party feature integration.

Meeting the demand for new product deliveries is another issue that vendors face provided that software development takes a lot of time. Even after the delivery, the solutions require maintenance and error handling which is another major challenge that ISVs face.

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How To Speed Up App Development Without Abandoning What Has Already Been Done?

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As the digital landscape continues to evolve and develop, many businesses may want to speed up the application development of existing projects without abandoning earlier progress.

The global enterprise application industry is expected to reach a market value of $527.40 billion by the year 2030, with a Compound Annual Growth Rate (CAGR) of 8.2%. Therefore, modern businesses must prioritize developing enterprise applications that are both efficient and relevant to their long-term goals and objectives.

However, application development can often take a significant amount of time and may even delay other organizational development initiatives. Therefore, businesses consider speeding up application development without abandoning pre-existing progress.

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