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More than 89% of the companies among the Fortune 500 of 1955 are not in existence anymore. Businesses that do not adapt to changing industry trends get wiped out or struggle to keep pace with the competition.
In the era of digital transformation, market demand is growing faster than ever. Finding a balance between customer expectations and IT capability to meet them is the key to success for most organizations.
Here, we will consider how businesses leveraging low code platforms keep pace with the dynamic digital landscape.
Speed of Delivery
As market conditions change ever so often, businesses need IT to deliver new applications and enhance existing applications quickly and efficiently.
Low-Code Platforms enable the IT teams to build software applications rapidly. With an easy-to-use WYSIWYG (what you see is what you get) interface builder, most redundant development tasks are either automated or completed quicker.
With a comprehensive resource library, the most common development components for UI, Process, Data Models, & Integration Connectors come pre-built within the platform. Developers can reuse these components while focusing on the larger business goals at hand.
Meanwhile, traditional software development methods cannot match up with low-code app development platforms.
Responding to Market Transformation
As markets evolve, new players consistently disrupt the environment. Established players must be able to respond rapidly to market disruption.
The General Data Protection Regulation (GDPR) disrupted development cycles for several large enterprises. They had to change the way their applications store, use, and consume customer data. Also, what about the existing applications which form the backbone of your current operations?
Thankfully low-code development platforms handle change management like no other. With a unified code base and reusable components library, businesses can adapt and implement changes as they happen.
The New Generation of Citizen Developers
With easy-to-use tools like drag-and-drop builder and pre-built apps, development has never been easier. By enabling everybody to develop, low code application platforms spread the responsibility across the entire organization.
Citizen development reduces the time of requirement gathering. When people who need apps develop these apps, the communication gap is reduced manifold.
It does not mean that low code will make developers obsolete. Low-code platforms are practical and helpful if developers know what to do with them.
Embrace Low Code and Digital Transformation
Consumers today are used to getting things done with a click. They can overestimate the things your applications can do. Their needs keep changing with time, and if you cannot meet their expectations, they will move over to someone who can. It is imperative to capitalize on opportunities that can position you as an early adopter of every change.
Embracing digital transformation is inevitable now. Read how you can accelerate this journey here.
Low-Code App Development Platforms can make this journey way smoother than you would think. Neutrinos’ offers a low-code, multi-experience development platform (MXDP) to fulfill your business requirements.
Talk to our low code experts to learn how we have helped several businesses accelerate their digital transformation journey.