No Code Platforms on the Rise, Saving Companies Time and Money

Revolutionizing Application Development:

Low-code and no-code platforms are rapidly gaining popularity as companies invest millions of dollars into digital transformation to reduce development time and create applications that meet immediate business needs. GlobalData, a leading data and analytics company, reports that discussions around low-code and no-code (LCNC) have increased by 18% year-on-year in 2022.

Low-Code Architecture Addressing Skill Shortages and Deploying Expensive IT Resources

LCNC is a new paradigm in application development that reduces or eliminates the need for coding. Low-code architecture employs pre-built templates, API-microservices, and workflow automation that allows businesses to address skill shortages and offset deploying expensive IT resources. It has been recognized as a connected toolset to implement automation programs more successfully in the face of escalating prices, skill shortages, and changing consumer expectations.

Companies Investing in Low-Code Platforms and Automation Services

eClerx Services believes that the growing demand for low-code, no-code, robotic process automation, smart automation (AI/machine learning), consulting, and platform installations has contributed to the doubling of automation services. In addition, JFE Holdings mentions that the company supports in-house development using workflow systems to increase operational efficiency and promote changes like eliminating stamps and switching to a paperless system.

UiPath Releases Low-Code Development Platform with Expanded Process and Task Mining Capabilities

New York-based UiPath has released version 22.10 of its platform that helps robots interpret structured and unstructured data and gain browser-based access to a low-code development platform. It also gives them the ability to create public-facing apps, as well as expanded process and task mining capabilities.

Magic Software Low-Code and Metadata Platforms Enable Developers to Focus on Creating App Logic

Magic Software’s low-code and metadata platforms include pre-written technical and administrative functions that are essentially ready-made business application coding. Developers can skip the technical code-writing stage of application development and integration, focus on creating the proper logic for their apps, and proceed efficiently with deployment. The company believes that developed economies such as the U.S. and Canada will play a significant role in the market expansion for low-code development platforms.

Companies Investing in Low-Code Application Technologies

Duck Creek Technologies has invested in a software-as-a-service (SaaS) insurance platform with new targeted capabilities to extend products, platforms, and low-code configuration tools into its platform. Software firm i3 Verticals has also mentioned investing in low-code application technologies.

Low-Code Development Leads to Faster App Delivery and Promotes Innovation

According to Misa Singh, a GlobalData analyst, low-code can save expenses and avoid delays while delivering new apps more quickly to users and staff. It enables software development with less physical and human resource investment than before, promoting innovation through digitalization. As the demand for LCNC continues to rise, more companies are expected to adopt this approach to application development.