Many companies are working towards complete digital transformation. Whether you are already there or you hope to undergo a digital transformation strategy in the near future, low-code is one of the best means to do so.
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The Meaning of Digital Transformation
Aaron Levie, the co-founder of the highly successful Enterprise Cloud Software Box, had this to say about digital transformation: “The last ten years of IT have been about changing the way people work. The next ten years of IT will be about transforming your business.”
Digital transformation involves bringing digital technology into every part of a business. In other words, it is a complete technological overhaul. Companies transform processes and every other aspect of their enterprise in order to conform to the needs of an evolving, technological world.
Ultimately, digital transformation is about being customer-centered by adjusting to the needs of customers with the best technology to facilitate that goal. Digital transformation fundamentally changes how a company operates by committing to agility and to progress. The effects are cross-industry and cross-department within companies. Regardless of which industry you are a part of: IT, sales, FinTech, or customer service, digital transformation brings the latest technological advancements to each. Some of the greatest aspects of digital transformation are high-quality data and the low-code trend.
Digital Transformation in Data
The latest data-related software brings near real-time analytical updates, permitting companies to rapidly adjust to customers' diverse needs, as well as enhance their CM (Capital Management) by getting a better handle on assets and liabilities. To have a data-based business, it is absolutely necessary to have the top software in the ETL (extract, transform, and load) and data integration space.
Without effective use of data, digital transformation can be an expensive and time consuming process. Gartner says that poor data quality is causing the loss of roughly $15 million per year for organizations in every industry. Even more concerning, Gartner thinks the problem is likely to get worse.
This is why it is essential to clean and use data correctly to produce targeted analytics. Businesses can use their data to examine their past performance and even predict possible future outcomes.
Software leaders such as Google, Xplenty and others are offering low-code ETL services to allow any user to extract, clean and manage data from various sources.
Digital Transformation through Low-Code
One of the biggest blocks in the way of full digital transformation is lack of speed. Low-code development can build the apps required for digital transformation up to 10X faster than with hand-coding.
This is because low-code allows drag-and-drop programming. Low-code platforms also often have built-in templates to allow for faster development for those who don’t know code, but easier for experienced developers. Additionally, low-code platforms allow coding behind the scenes for engineers and developers who want coding freedom. This makes low-code one of the most versatile options on the market.
According to OutSystems State of Application Development Report 2019/2020, 41% of companies are using some form of no-code or low-code platform, and that number is increasing by the year. This is because low-code is a natural outcome of true digital transformation.
Here's an article explaining the the benefits of low-code software for your business. Here are 3 of the most popular ways companies are using low-code today.
You can use low-code to do three main things:
- Increase productivity
- Solve mobile app problems
- Bring customer-centricity to a new level
1. Increase Productivity
Developers can produce apps up to 10X faster with low-code than with other forms of app development. Not only is drag-and-drop much quicker than writing complex lines of code, but it reduces the time required for debugging.
Because low-code development platforms often give warnings and offer suggestions to correct code, it saves time fixing problems after the fact. All of this means that your IT team can create the solutions needed for digital transformation within your company in a fraction of the time. Low-code also adds to companies' ability to manage data faster with low-code data integration software.
Speed isn't the only reason low-code brings new levels of productivity. It enables less-experienced users to collaborate on projects. This means that employees from every part of your business, whether IT, sales or management, can work together like never before.
Low-code business-related apps can automate workflows, give you real-time updates and much more, increasing the overall productivity of your entire business.
2. Solve the Mobile App Problem
According to SD Times, mobile app development is a real weakness in up to 84% of businesses with regards to digital transformation. Many apps and services have not been properly optimized for mobile. The requirements of mobile are always changing, and it is difficult to keep up.
One of the best ways to improve your company's mobile capabilities is through low-code. Many low-code development platforms are specifically geared towards mobile app development. Also, because most companies that offer low-code solutions are at the cutting edge of technology, they are often optimized for mobile.
3. Bring Customer-Centricity to a New Level
Many agree that the overall goal of digital transformation is improving the customer experience. Forbes offers some telling statistics with regards to customer experience. 84% of companies who make CX a priority have a noticeable increase in revenue as a result.
The top brands in the area of CX can produce as much as 5.7X more income than those that have not made this their focus. Additionally, 73% of clients say that a major factor in their choice of brands is their ability to offer an excellent customer experience.
Low-code makes your company more customer-centric in a variety of ways. By using low-code data integration software, businesses can improve their data quality and the speed of data integration. This way, your company can base everything you do for your customers on data and analytics. It is the only way to ensure that you are giving clients exactly what they need and expect from your industry.
The goal of any business is to succeed in satisfying client and customer needs by. You can achieve digital transformation through low-code. Xplenty is a cloud-based ETL data integration platform that makes it easy to unify your enterprise data sources, without needing to write a single line of code. Get in touch with our team today for a personalized demo and a free 7 day trial of the Xplenty platform.