What is the current landscape of low-code/no-code development technology? Can low-code/no-code technology act as a single solution for digital transformation?
In our previous article on “The Future of Low-Code Technology”, we discussed the popularity of low-code/no-code development applications, as well as the benefits of using low-code in an enterprise – such as accessibility and cost-efficiency. This article aims to do further research into the benefits of low-code/no-code development technology, as well as address some of the concerns over the limitations surrounding the widespread growth of low-code/no-code technology globally. The Cyferd Platform utilizes low-code/no-code development in a way that pushes it to the forefront of digital innovation, while maintaining security, scalability, and efficacy.
Low-code/no-code (shortened by tech blog Quixy as LCNC) is here to stay. According to tech blog VentureBeat, low code applications ‘can be implemented rapidly and are cost effective’, offering users the chance to streamline their digital business transformation. Additionally, market research analysts IDC and Forrester predict that “there will be more and more low code used and that the worldwide population of low-code developers will grow with a CAGR of 40.4% from 2021 to 2025” and that “by the end of 2021, 75% of application development will use low-code platforms”. Meanwhile, 47% of respondents from a TechRepublic survey already use some form of LCNC technology.
The benefits of LCNC development make it appealing to companies seeking to improve their digital transformation. According to VentureBeat, ‘the No-Code Census 2020 report estimates that application development is 4.6x faster, 4.6x more affordable, and 4.8x easier’ using LCNC platforms. Meanwhile, the use cases of LCNC have only increased in different industries due to the pandemic; ZDNet quotes examples like hospitals switching from paper-based processes to digital to manage overburdened healthcare services, while HR departments switched to fully remote working situations and were required to manage onboarding processes remotely.
This rapid adoption of LCNC development across different industries suggests that it is integral to digital transformation. Boston Consulting Group (BCG) argues that while “80% of companies plan to accelerate their companies’ digital transformations”, a colossal 70% of these digital transformation efforts fail. BCG notes that the reasons for this failure are many, adding that “delivering such fundamental change at scale in large, complex organizations is challenging, especially with short-term patterns”. It’s tempting to then assume that LCNC development technology can be the perfect solution to achieve digital business transformation, with its cost and development efficiency and ability to streamline IT. But is LCNC technology a panacea for digital transformation?
Not exactly. It is important to recognize the potential limitations for low-code/no-code. VentureBeat takes a skeptical approach to LCNC, likening it to a ‘Pandora’s Box’ of issues:
“The widespread use of low code in an organization may lead to an even larger number of data silos as users develop minor changes such as new screens to meet their own departmental needs.”
VentureBeat also takes issue with the idea of ‘citizen developers’, arguing that business users seeking to transform their own individual data needs leads to fragmented and siloed solutions that are difficult to integrate into a wider business framework.
However, while it is important to recognize that LCNC is not a one-size-fits-all solution, we at Cyferd believe in the positive potential of LCNC development to empower citizen developers. The Cyferd Platform leverages LCNC development technology to democratize business solutions for teams, regardless of coding experience. Cyferd allows enterprises to build an interconnected ecosystem of business apps in the cloud, accelerating digital business transformation. Unlike many LCNC vendors, whose solutions result in the creation of siloed applications, the apps that users build with Cyferd are constructed on an integrated, secure shared platform; this helps to prevent the creation of fragmented solutions that are not enterprise-grade.
Ultimately, Cyferd is poised to advance digital business transformation across different industries, from healthcare to housing and more. The platform allows users to consolidate different business solutions quickly and easily, accelerating digital transformation.