Low-code development platforms are software tools that allow users to create beautiful and feature-rich applications, while eliminating as much of the manual programming process as possible. With low-code platforms, developing enterprise software is significantly quicker and more intuitive.
Previously, we discussed the value of low-code as it relates to the business as a whole: the use cases of low-code software and the productivity savings that it enables throughout the organization.
In this article, we’ll go over the top 5 benefits of low-code development platforms:
1. Lower IT costs
According to the U.S. Bureau of Labor Statistics, the average salary of a software developer was over $105,000 in 2018—and that’s not even mentioning additional expenses such as healthcare, 401(k) contributions, and the cost of hiring, onboarding, and training.
This makes it a very pricey proposition to keep a software developer on staff, especially for smaller organizations that lack the budget and the IT expertise. What’s more, hiring a full-time developer may not be cost-effective for organizations that only need to build applications on an as-needed basis.
Low-code platforms solve this problem by reducing the demand on your internal IT department, giving non-technical users the power to automate much of the development process. The cost of a high-quality low-code platform is substantially lower than the monthly salary of a single software developer. A survey by Forrester Research finds that 70 percent of organizations believe low-code platforms are more affordable than traditional software development.
2. Faster development speeds
It’s a well-known IT maxim that software development projects almost always take longer to complete than anticipated. According to a 2017 study by the Project Management Institute, nearly half of IT projects are late. One particularly insidious issue is “scope creep,” when the list of a project’s requirements grows longer and longer as the project continues.
Low-code platforms can dramatically speed up the software development process. While early stages such as requirements gathering will take just as much time as before, low-code platforms make use of boilerplate code, pre-built templates, and other “building blocks” that shorten the development process itself.
3. Greater business agility
Low-code platforms will allow your developers and engineers to work more efficiently and free up time for other projects. By making software development drastically quicker, low-code development platforms also make your business more agile and flexible.
If you work with a third-party development firm, for example, making changes to your enterprise software could be a long and expensive process as you wait for your partner to complete the project. On the other hand, developing applications yourself with a low-code platform lets you go in and make changes immediately, saving time, effort, and money.
4. Better user experience
Enterprise software may get the job done, but it’s not always a pleasant experience doing it. 44 percent of companies believe that the user experience of enterprise software is “somewhat or significantly worse” than consumer software. A poor user experience can harm your employees’ productivity, efficiency, and motivation.
Low-code platforms, meanwhile, give ultimate control of the experience to the users themselves. This makes it easier for employees to use the powerful features and clean, intuitive user interface that are so often missing from enterprise software applications.
5. Improved IT governance
Many IT leaders have written about the problem of “shadow IT,” a term for employees using non-sanctioned IT hardware and software without the knowledge of the IT department. Shadow IT arises for many reasons—in particular, employees often feel that the tools available to them are too inefficient to get their jobs done properly.
Enabling low-code development helps eliminate shadow IT and improve IT governance within your organization. Rather than depending on third-party tools, employees can build the software they need internally with a low-code development platform. This gives you more IT visibility and oversight by understanding how your employees actually do their work.
Of course, organizations need to be careful that the push for low-code development doesn’t backfire on their IT governance. According to a Forrester research analyst, one company’s employees built 16,000 different applications after giving them access to low-code tools. By designating a low-code guru to oversee these new software creations, you can make sure that things don’t get out of hand.
Still deciding between low-code and no-code? Read our article on the Xplenty blog.
From lower IT costs to a more agile business posture, the benefits of low-code development platforms are well-documented. According to estimates by Forrester, the low-code tool market will reach $21 billion by 2022, with a blistering annual growth rate of 40 percent. So why not try low-code out for yourself?
Xplenty is an 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.