Lowcode development is improving delivery speed

New survey results from by Appian, from North American IT and executive leadership about their strategies for low-code platform implementation are out. The commissioned survey, conducted by leading independent analyst firm Forrester Consulting, shows decision-makers are leveraging low-code platforms to support three primary digital initiatives: digital process automation, digital customer engagement and digital transformation. These initiatives are driven by the increasing need for organizations to revolutionize the customer journey and optimize business operations in the era of digital technologies.

“Forrester predicts the low-code platforms market will reach over $10B in revenue by 2019,” said Matt Calkins, CEO of Appian. “Customers can count on Appian to provide what we think is the most powerful and simple low-code platform available.”

According to survey results, areas of notable or significant improvement when using low-code development platforms as opposed to traditional development include speed to deliver process innovation/improvements (89 percent), faster app updates (87 percent) and meeting business requirements on time (86 percent).

Today's leading enterprises are committed to supporting a digital strategy that will better serve and engage their customers, empower their employees and outpace the competition. As a result, application development and delivery professionals are seeking robust low-code platforms to cost-effectively enhance the rapid delivery of large, complex and reliable enterprise applications. According to survey results, high costs (39 percent) and meeting business requirements (33 percent) top the list of challenges faced using traditional coding techniques, followed by difficulties keeping up with business demands (21 percent) for new functionality and taking advantage of new technologies (26 percent).

Alternatively, the data confirms areas of notable or significant improvement when using low-code platforms include speed to deliver process innovation/improvements (89 percent), faster application updates (87 percent) and meeting business requirements on time (86 percent).

“Low-code development is a critical component of our efforts to enhance the effectiveness and efficiency of our risk management processes through the deployment of innovative solutions,” said Denise Knabjian, Vice President, Process Innovation at OCC (Options Clearing Corporation), the world's largest equity derivatives clearing organization. “This approach to enterprise development is allowing us to rapidly deploy nearly a dozen mission-critical applications that have modernized our operations while simultaneously reducing risk and increasing control demonstrability.”

The survey revealed the following:

- Low-code platforms solve delivery-speed challenges more cost effectively, with better performance and at greater scale, than traditional development approaches;

- Low-code implementation success hinges on strategic alignment, having the right skills in place to not only build applications, but to evolve the platform and continuously innovate; and

- Leveraging low-code platforms to support digital initiatives can drive better financial outcomes, and also help organizations recognize improvements in customer experience, process efficiency and business agility.

“We firmly believe in the value of low-code development and have multiple initiatives in place to transform USF into a digital organization,” said Sidney Fernandes, CIO and the University of South Florida. “We’re building unique applications at lightning speed without compromising security, compliance or efficiency. These applications are improving our overall student experience and streamlining the way our faculty and staff operate.”