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Seven Myths About Using Low-Code For Your Enterprise That You Shouldn’t Believe

Low-code development is defined as a visual approach to enterprise application and software development that can enable citizen developers to build applications more efficiently by reducing the need to manually write code. Low-code development platforms can also help your business develop solutions that can meet your organizational needs by breaking down traditional business and IT silos through continuous collaboration and simplified development processes. Recent studies have shown that the global low-code platform industry is forecasted to reach a market value of approximately $187 billion by the year 2030.

For this reason, many businesses across numerous industries are attempting to accelerate digital transformation initiatives through the implementation of low-code technology. A growing skilled developer scarcity and growing enterprise application requirements have made low-code platforms almost indispensable for modern businesses.

Nonetheless, despite exponential advancements in the low-code industry in recent years, many businesses are still confused or unsure about the benefits of low-code platforms. Therefore, your business needs to be aware of various fabricated myths about the undeniable benefits of low-code technology.

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4 reasons why your business need an open-source support contract

The benefits of having a support contract for open-source software go beyond fixing issues. It also provides strategic support for your digital transformation.

Nine out of ten the world’s businesses now use open-source software. However, when people think about the open-source licensing model, the first thing that typically comes to mind is that it means free software. In reality, the benefits of open-source go far beyond that. These include a complete lack of vendor lock-in, community-driven support and maintenance, and end users having a stake in the direction of the software’s continued development.

When combined with the low-code approach to software development, open-source becomes the foundation of data democratization and technological innovation. The ultimate goal is for everyone in an organization to have equitable and timely access to the data they need to carry out their day-to-day roles, while giving business leaders the means to control and govern their digital assets in full.

It would be naïve and wholly misleading to claim that all these benefits can be realized without spending a single cent. While reduced costs are an undisputable benefit of the open-source model, getting the most out of it requires a certain degree of expertise and people power. After all, all software needs maintenance, and every solution must be tailored to the unique needs of individual businesses. That includes low-code development platforms (LCDPs).

Taking out a support contract for open-source software might not be necessary for everyone, but in this article, we’ll explore some compelling use cases to help you make a more informed decision.

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Why More and More Financial Services Companies Are Using Low-Code to Build Their Own Software

Due to our constantly evolving business landscape, financial services companies are now tasked with collecting, tracking, monitoring and analyzing more data than ever before. However, with organizational resources more scarce than ever before, many financial services companies may find developing custom software and enterprise applications unattainable.

However, with the rise of low-code enterprise application development platforms, businesses can build more powerful, high-functioning enterprise applications in significantly less time than ever before. Research indicates that the global low-code industry is expected to reach a market value of approximately $187 billion by the year 2030 with a CAGR (Compound Annual Growth Rate) of 31.1%.

Therefore, as many businesses now begin to implement low-code technology into day-to-day business functions, it is crucial for modern financial services companies to recognize the power of using low-code to build enterprise software.

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Why SMBs should use low-code to automate their processes

Today, new methods and business practices replace old ones at lightning speed. Advancements in technology change the operational scenario of offices practically every day.

It is thus imperative for businesses to step up their game and progress in sync with the technology surrounding them. However, not every business has the resources to deploy a team of coders toward creating and maintaining new software technology to cater to its evolving needs. Small and medium businesses or SMBs need a cheaper, more viable solution to their problems.

That is where low code development platforms or LCDPs step in. Low code allows for visual-based development with the help of drag-and-drop editors and pre-built modules. The best thing about low code is that a high level of professional coding knowledge is not required to create apps through it.

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How IT Leaders Can Use Low-Code To Create And Empower Agile Teams

Low-code technology has advanced exponentially in recent years and has now established a stronghold over various organizational business processes and workflows. Over the past few years, businesses have substantially increased their use of low-code development solutions to build enterprise applications and software faster, gain a significant competitive advantage and continue the cycle of integrating digital technology to transform a business.

Agile, on the other hand, is an iterative approach to project management that can help assist teams in meeting the hectic demands of today’s workplace and current business landscape. It is made up of various methodologies that are all carefully designed based on versatility, transparency, quality, and continuous overall improvement. Recent studies have shown that Agile projects have a success rate of approximately 64%.

The various advantages of Agile teams can help make managers’ jobs easier and give them more control over their organizational projects. What distinguishes Agile is its emphasis on both providing quality and value to the customer and finishing organizational tasks within the project constraints. Furthermore, dynamic low-code solutions can help facilitate and empower Agile teams to achieve much more than ever before.

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How Low-Code Speeds Up And Simplifies Full-Stack Development

Full-stack development refers to the simultaneous development of both the front side as well as the back-end of a specific enterprise web application. Full-stack development can help ensure that requirements from both the client-side and server-side are being fulfilled. This process traditionally often involves hiring highly skilled software developers that have a deep understanding of operating systems as well as client and server software frameworks.

However, this can often be extremely time-consuming and can require a substantial amount of scarce organizational resources. Therefore, incorporating low-code development tools into your organization’s full-stack development can help your business substantially enhance the efficiency of web application expansion, speed up various business processes and streamline long-term digital transformation initiatives.

Low-code is defined as a visual approach to software development that can significantly reduce the amount of manual coding required to construct a custom application. With recent studies indicating that low-code technology will be responsible for almost 65% of all global application development by the year 2024, businesses must leverage the power of low-code development to optimize full-stack development. By integrating low-code into full-stack development processes, developers can facilitate effective server and client development without having to write repetitive lines of code and individually test new software iterations.

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Five Reasons Why ISVs Should Adopt Low-Code

Low-code is a visual application development approach that can significantly speed up the entire development process. Low-code allows users to integrate every step of the application development cycle to speed up the deployment of a wide range of solutions. Furthermore, low-code can empower your organization to develop digital systems that fit the needs of your business by breaking down traditional business and IT barriers.

An ISV (Independent Software Vendor) develops and sells software for one or more operating systems. ISVs typically work with hardware, software, or cloud hosting providers to create and deploy solutions.

Today, low-code is more than just a tool that aids development; it is a key strategy that principally shapes the way that enterprise applications are delivered. A recent study conducted by Gartner reveals that 75% of large enterprises will be using at least 4 low-code tools for IT and citizen development initiatives by the year 2024.  Low-code software platforms can enable ISVs to accelerate their digital transformation strategy at unprecedented speeds.

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

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 choose a rapid application development platform

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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How To Solve Technical Debt?

Technical debt: Part 3

One of the most in-demand commodities today is software. Both businesses and end-consumers seek advanced platforms that can make their lives easier by carrying out various processes. Software vendors and SaaS providers hence are always in a rush to deliver their products on time.

Sometimes, in order to deliver the product within the deadline, the development team fast forwards through certain software development processes. These parts often become the reason for errors and glitches in the final product and require refactoring. Technical debt for a company is all the code they have written that will need future modification.

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