By Prangya Pandab - March 28, 2022 4 Mins Read
Low-code/no-code development is a disruptive trend that businesses can’t afford to ignore. Doing so would put the company at a competitive disadvantage in the long run.
Digital workplaces are fast adopting low-code and no-code applications as their preferred technology. In fact, according to the Expert Market Research report “Global Low-Code Development Platform Market Outlook,” the low-code development platform market is predicted to grow at a CAGR of 25.26 percent from 2022 to 2027, reaching a cap of US$64.56 billion by 2026.
Businesses are becoming more productive and efficient as new technology and updates are regularly introduced into application development. Low-code development makes it easier to build flexible apps to accomplish specific objectives, whether it’s for business users to create an app themselves or for coders to streamline the development process by automating manual operations.
Addressing IT Skills Shortages
In 2022, the race to hire and retain experienced IT professionals is still fierce. With no end in sight to skills shortages, low-code/no-code technology has piqued the interest of businesses.
Low-code solutions can reduce the time and expertise required to custom-build cloud apps, whereas traditional software development often needs significant resources. Low-code enables everyone in the organization to create urgently required applications.
Strengthening education and training initiatives for current employees can help businesses retain talent. Investment in Artificial Intelligence (AI), low-code/no-code technology, and other emerging technologies can help bridge skills gaps.
Also Read: 4 Considerations for CIOs When Using Low-Code and No-Code Tools
Minimizing IT Burden
Low-code/no-code and automation solutions can ease the pressure on existing IT employees in addition to solving the skills gap. IT teams are often tasked with a wide range of tasks, which might include everything from managing Artificial (AI), Machine Learning (ML) technology and spotting security threats to upholding IT regulations and handling distributed workforces.
Low-code automation relieves IT and engineering teams from dealing with the bulk of the manual labour, allowing them to focus on the core functions of their departments and supporting the growth of the company. IT teams can focus on other tasks that generate revenue and clear innovation bottlenecks as repetitive and manual processes are automated.
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Prangya Pandab is an Associate Editor with OnDot Media. She is a seasoned journalist with almost seven years of experience in the business news sector. Before joining ODM, she was a journalist with CNBC-TV18 for four years. She also had a brief stint with an infrastructure finance company working for their communications and branding vertical.
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