Low-Code: The key to rapid and profitable innovation in organizations
Companies risk becoming irrelevant if they do not innovate or adapt to changing consumer habits. Quixy reports that 89% of all companies have already adopted or are planning to adopt a digital strategy.
All organizations that seek to remain competitive and profitable need to innovate their products and services.
At a functional level, building business applications no longer requires IT-only development. With low-code platforms, users in HR, marketing, operations, finance, and others can create innovative and effective applications.
Benefits of a low-code platform
Agility and speed
It enables rapid application development, meaning ideas can be turned into usable products in a matter of days or weeks rather than months. This is crucial in a business environment where speed of response is vital..
Cost reduction
By allowing business users to create their own applications, organizations can significantly reduce the costs associated with software development. This includes not only savings in IT resources, but also decreased reliance on external consultants.
Efficient collaboration
A low-coding platform encourages collaboration between departments. All members or collaborators of the company can work together on the development of applications.
Scalability and flexibility
Applications developed on low-code platforms can easily scale and adapt to changing business needs. This ensures that companies can grow and evolve without having to rebuild their systems from scratch.
CSuccess stories and return on investment
Numerous companies have demonstrated that digital innovation can lead to substantial improvements in operational efficiency and customer satisfaction. For example, the adoption of artificial intelligence and data analytics has allowed many organizations to increase their productivity by up to 40%, according to a McKinsey report. Furthermore, a Gartner study indicates that 83% of companies consider cloud adoption as an essential feature for their growth strategy, due to its ability to offer scalability and flexibility.
Challenges and considerations
While low-code platforms offer numerous advantages, they also present certain challenges. Security and quality control are critical aspects that must be carefully managed. Organizations must ensure that the applications developed comply with security standards, and access to data is properly protected. In addition, while the goal is to reduce dependency on expert developers, it is still essential to have professionals who can monitor and maintain these applications in the long term.