Low-code software development platforms provide a visual development environment that allows non-programmers and enterprises to use graphical and modelling interface to develop applications. It's the most effective way to build custom applications as it removes challenging hand-coding work, ensuring for quick creation of apps in the cloud. According to Gartner predictions, by 2024, more than 66% of big companies will be using at least four low-code platforms, and over 65% of app development functions will rely on the use of low-code platforms.
Hiring and maintaining a software developer is relatively costly. United States Bureau of Labor Statistics report confirmed that an in-house software developer's salary, including training, hiring, healthcare, 401k contributions, and onboarding, is way over $105,000. Even for established businesses, if an opportunity to cut these costs was presented, they will gladly tap into it. Low-code platforms allow everyone in the team to automate development processes, making costs manageable. A recent Forrester Research survey confirmed that over 70% of organizations are tapping into low-code platforms' power because they believe it costs less than developing software traditionally.
Quicker Software Development Speeds
A 2017 Project Management Institute study confirmed that almost half of IT projects are delivered late. That's probably because of the higher project requirements, which take developers longer than anticipated. Low-code applications customize the whole software development process, speeding up the development time. Most low-code development platforms have multiple customized building blocks, including pre-built templates, boilerplate codes, and more, engineered to abridge the development process and reduce projection completion time.
Superior Business Agility
The digital setting's fast-paced nature has spearheaded companies' need to accurately and quickly adapt and respond to opportunities and market changes. The traditional software development approaches are no longer viable as they don't make that possible. Low-code enables firms to create systems that are flexible, adaptive, and versatile. Operating in an agile enterprise environment that enables quick adjustments to any market shifts or opportunities presents an opportunity for businesses to forge forward, despite new challenges.
Superior IT Governance
Low-code platforms use robust automated governance that lets development teams efficiently control and manage projects. That's achievable via a central console that offers total control over security, infrastructure, users, environments, and applications. The superior governance of the console ensures other users cannot break the developed applications. More sophisticated consoles allow multiple programmers and teams to use the same modules at once.
The effective adaption of multiple new devices and the experiences they offer, is in high demand. Users link up to an enterprise through different touchpoints with the multi-experience concept, enabling them to comfortably interact with the business. Low-code platforms employ the same concept, providing enterprise-quality omni-channel user experiences while keeping the costs under control. Low-code platforms come with quick-and-easy integrations, pre-built components, and automated governance, making that realizable.