According to a recent report by Appian, 84% of companies surveyed have turned to low-code tools to reduce the strain on their IT departments. In the same report, 43% of organizations surveyed reported greater agility and 43% reported reduced cost. Given these numbers combined with rapidly changing market conditions, companies must embrace digital transformation. Below, we’ll discuss the benefits of low-code development platforms and how it enables companies to remain agile.
1. Decreased Costs
The average company avoided hiring two developers using easy-t0-use tools. Overall, this reaped approximately $4.4 million in increased business value over three years from the applications designed.
This approach to software development reduces the need for hiring more developers. That is promising news given that the average salary of a software developer was over $105,000 in 2018. Overall, low-code development platforms save money.
2. Speed of Development
Nearly half of IT projects are late. That’s an astounding figure given that companies are now under more pressure to be agile and quickly respond to changing market conditions. These tools can potentially reduce development time by 90%. These solutions feature pre-built integrations and other tools to reduce the development timeline.
These tools are straightforward enough for business users to create prototypes quickly to validate new ideas. They can then test and improve the solution without having to involve developers.
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3. Improved Business Agility
We are living in a time of disruption. Companies face stiff competition from companies, often startups, who use technology to define their competitive edge. Low-code tools enable companies to be more agile, quickly respond to changing market conditions and remain competitive.
4. Legacy Integration
How many legacy systems do you have in place at your organization? The ones no one wants to touch. According to Stefan Van Der Zijden from Gartner, “For many organizations, legacy systems are seen as holding back the business initiatives and business processes that rely on them.” Not only that, they are expensive to maintain and increase a company's technical debt.
Using this type of tool, companies can develop integrations to help them migrate away from these legacy systems.
5. Democratization of Software Development
Nearly 70% of organizations that leverage citizen integrators have sped development time by at least 50%. With these tools, development is no longer siloed with the IT department. They break down organizational boundaries and encourage collaboration across the entire company.
Any department can use the tools to create new applications. When a tool like this is in the hands of so many users, there are bound to be tons of ideas for innovation. The additional benefits of citizen integrators include:
- Reducing the burden on IT staff
- Enables business agility
- Empowers employees to solve problems
- Greater control over customization of the product
How Integrate.io Can Help
Low-code development platforms help companies save money, quickly respond to market changes, be innovative and give themselves a competitive advantage.
Drag-and-drop functionality, pre-built user interfaces, and models for business processes, logic, and data models are just a few of the many features Integrate.io offers in its low-code tools. If you'd like to with our easy-to-use platform, get in touch with our team and experience the Integrate.io platform for yourself.