Picture a world where your development teams can rapidly and flexibly create robust applications, freeing up resources to focus on high-priority initiatives. With low code, this vision becomes a reality. In this article, we will explore why low-code platforms have become an essential investment for modern Chief Information Officers (CIOs).
Advantages of Implementing Low-Code
CIOs have long struggled with project delays, limited budgets, extended time to market, and a lack of business flexibility. It’s no surprise that they are increasingly seeking solutions that enable them to keep pace with the demands of the business. Here are five reasons why embracing low code is crucial for streamlining your company’s digital transformation.
Accelerated Development: Visual techniques and DevOps automation allow for much faster delivery of comprehensive solutions. Intuitive visual interfaces, pre-built components, and drag-and-drop functionality shorten development schedules from months to weeks or even days. This agility enables CIOs to respond swiftly to market demands and new business needs.
Greater Flexibility and Adaptability: Low code empowers CIOs to easily make changes, eliminating the need for time-consuming and costly rewrites. This flexibility ensures that enterprises can quickly adapt to evolving customer expectations and market dynamics, thereby maintaining a competitive edge.
Simplicity: Low-code platforms enable quick and easy configuration of data models, processes, algorithms, and user interfaces. These platforms offer a wide selection of modules that facilitate application development through intuitive visual tools, eliminating the necessity for traditional coding.
Engagement of Citizen Developers: Low code platforms empower non-technical individuals to participate in the software development process. Through a visual approach, these platforms democratize application development, expanding the talent pool and unlocking the creative potential of employees in various positions within the organization.
Integrations: As low code evolves, new integration tools emerge, enabling easy connection of different systems and applications, even in the absence of built-in APIs. With VSoft archITekt, it is possible to add entire functional modules to support existing systems.
Statistics and Trends in 2023
Low code solutions are becoming increasingly advanced and popular in various fields, from business to internal application development. According to research firm ISG Information Services Group, the global low-code/no-code platform market is valued at nearly $15 billion and is projected to quadruple in the next five years. Here are some key trends, forecasts, and statistics in the low code category.
- The low code market will generate $187 billion by 2030. Forrester predicts a 15% growth of the low code market in 2024, with these tools being responsible for over 65% of application development by 2024. This means that the low code market will grow dynamically, steadily gaining popularity.
- According to the latest study conducted by Gartner, 66% of organizations are already using or planning to use low code platforms within the next 18 months. This demonstrates the rapid adoption of low code as the preferred approach to application development.
- Low code solutions can shorten the development time of enterprise applications by up to 60%. Therefore, low code translates into time and resource savings required for application development, which impacts the efficiency and competitiveness of companies.
- By 2024, 80% of professionals outside the IT industry will be developing IT products and services, with over 65% of them utilizing low code/no code tools. This indicates the ease of use and availability of low-code tools, enabling professionals from various fields to participate in the application development process without the need for advanced programming knowledge.
Gartner’s research indicates that four out of five IT Directors are increasing investments in digital technology to counter economic pressures. CIOs and technology executives are tasked with implementing an IT strategy based on digital technology, but only a few initiatives deliver the expected benefits desired by management.
The advantages, statistics, and trends associated with low-code software development clearly indicate that CIOs must embrace low-code in 2023 to remain competitive in an ever-changing digital landscape. The future of software development belongs to low code, and the time to embrace it is now.
Discover archITekt: A Low-Code Platform Designed for Success
Start a trial with VSoft archITekt and explore the possibilities of low code. Our platform offers an intuitive interface, a rich library of pre-built components, seamless integrations, and, above all, efficiency and speed. archITekt enables the processing of massive amounts of business data (up to 0.5 million per minute), provides free training workshops, and offers an extensive knowledge base and support.
archITekt accelerates innovation and reduces time to market, whether it’s developing applications for customers, internal systems, or complex integrations. It equips organizations with the necessary tools to thrive in today’s fast-paced environment.