Today businesses are challenged with new digital transformation objectives to support accelerating customer expectations. IT teams struggle with legacy software development and maintenance, high production costs, fragmented processes, and the inability to scale new applications quickly based on changing business needs. In response to these challenges, organizations are shifting their focus from traditional software development methods that require long development cycles and extensive code writing, toward low-code software development methods that enable the accelerated deployment of new digital services using a combination of graphical interfaces and pre-built functionality blocks or modules. This article explores the impact of low code app development on business performance.
What Is Low Code Development?
Low-code development solutions allow business users to create applications by visually configuring and connecting pre-built functionality blocks or modules, rather than writing code from scratch. They enable businesses to build robust applications, including both customer-facing and business-to-employee applications, more quickly and easily than with traditional software development methods. Low code development solutions are built on top of an underlying technology platform that integrates with existing business systems, including source systems, data warehouses, CRM systems, customer experience management platforms, and other enterprise systems. This enables easy integration with existing systems and data, supports scalability and extensibility, and ensures compliance with regulatory requirements when necessary.
Why Low-Code Development?
Businesses have long used software to transform the way they work, but legacy software development methods are no longer sufficient. Now, to stay competitive and meet customer expectations, businesses need a new approach to software development. These legacy development methods are not only slow and costly, but also difficult to scale and operate. The increasing use of mobile and other digital channels is further straining legacy systems and requiring significant software development efforts. Low-code development can help organizations address these challenges by shifting from code to graphical interface-based development, thereby significantly reducing the amount of code required to build new applications and enabling the accelerated deployment of new digital services.
The Value of Low-Code Development
Low-code development solutions enable business users to create new applications more quickly and easily than they could with traditional software development methods. This can give organizations a competitive edge by enabling them to respond more quickly to business needs and enabling new digital services that meet customer expectations. For example, a typical code-based approach to building an application for managing employee benefits might take 12 months, cost $1 million, and require an application team of 10 people, but a low-code approach could deliver a similar application in a fraction of the time and cost. Low-code development solutions also enable significantly reduced maintenance effort, which can significantly reduce the costs associated with supporting new applications over time.
Key Factors to Consider When Selecting a Low Code Development Vendor
There are a variety of factors that businesses should consider when selecting a low code development vendor. They include the vendor’s approach to development, the maturity of the underlying technology, the breadth and depth of functionality, integration with existing systems, scalability and extensibility, support offerings, and price. Ayoka has made major investments in our technology platform to deliver customized software in a new, cost-efficient subscription model. This dramatically slashes the price for software tailored to streamline operations and turbocharge growth.
Bottom line
Low-code development solutions can help businesses accelerate application development and deliver new applications more quickly and easily. In addition, the reduced amount of code can help reduce application maintenance costs over time, enabling significant value creation over the life of the solution. However, businesses need to ensure that they select the right low-code development vendor to ensure that they receive the benefits they seek.
