It is now of vital importance that a company be able to innovate and establish new channels of interaction with customers through innovative technologies. And since thanks to digital transformation a great part of operative circuits are channeled through software, companies must also be able to accelerate the development and integration of applications.
However, the shortage of developers and the huge backlog which IT faces are barriers to these initiatives. And in this context, low code development is a key strategy that can be utilized in parallel with traditional development for organizations that need to keep pace with the accelerating speed of the digital world and the constantly changing needs of the market.
Low code platforms operate by means of interface visuals, with a drag and drop logic that makes for the efficient performance of rapid application development tasks. According to one consultant, the low code development platform market reached 7,600 million U.S. dollars in 2021, and is expected to rise to 36,400 million U.S. dollars by 2027, growing at an annual compound interest rate of approximately 30%.
Fast application development
By allowing operations personnel (and also people in the company) to participate in application development processes, low code platforms facilitate faster times to market. In this sense, there are already different platforms that offer “citizen developers” (persons within the company) the tools necessary “to increase their speed of development, testing, and implementation.” Such developers have a tendency to collaborate with and pool their abilities with those of IT professionals and create synergy.
In the view of another consultant, applications will someday be assembled and composed by the teams that use them, and by 2025, 70% of new applications developed by organizations will utilize low code or no code technologies, compared to 25% in 2020.
Low code has the characteristics that make it a technology that favors the growth of two trends: the development and implementation of native cloud applications and the creation of “teams of IT and business professionals with the capacity to create the applications that companies need fast.”
With low code platforms, experts in commerce who don´t have technical training or know anything about codification can create software for the areas they know best and take advantage of opportunities for productivity and innovation that previously they could not.
In a context like this, one in which business people create applications themselves, it is essential to have a governance scheme that permits the effective management of application construction in order to ensure compliance with the security and quality guidelines established by the IT department. Accordingly, a low code center of excellence, one which brings order to this duality and collaboration between people in the business and those in IT, needs to establish the work structure in which synergy can be achieved. At Baufest, we work on these technological solutions as part of our service offer. We focus on robotic process automation and hyper-automation projects in various business circuits.