Worldwide IT spending is projected to total $3.8 trillion in 2019, according to the latest forecast by Gartner, Inc.
‘Digital’ is the buzz word.
Digital transformation has risen to top organizational agendas. Digital transformation is about becoming a digital enterprise: an organization that uses data and technology to continuously evolve all aspects of its business models—what it offers, how it sells (interacts with its customers) and delivers, and how it operates, says Deloitte
Technology for productivity, engagement, and efficiency.
We strongly believe “Technology can empower organizations or individuals to drastically increase productivity, offer better engagement, enhance efficiency”. Applications make it easier to transact or process any information, show status or give insights to make informative decisions.
The software industry is maturing at an exponential scale. However, unlike a ready-made garment industry which is 5000 years old. Where most of the elements are codified like sizes and shapes across geographies and culture. You will definitely find some garments fitting your size. But the software industry is yet to reach that stage.
Ready products are awesome however they need to be tweaked and integrated into your system. And these customizations and integrations are quite complex, expensive and time-consuming. While core applications such as ERP, CRM, and supply chain continue to get the lion share of dollars, security, resources, and privacy.
But even today lot of backend operational processes are run in silos or on excel sheets. Why? Because it is time-consuming to develop a business case and translate the correct business requirements into applications. Many times budgets are not sanctioned for smaller projects. And as is, IT is burdened with the priority queue, backlog, major implementation, and integrations. Approval for the costs or resources are major hiccups standing in the way, but each team is competing with other departments and other managers for the same resources.
IT services will be a key driver for IT spending in 2019, interestingly it is among the top three most-effective cost-optimization approaches.
Many companies find their digital ambitions are hampered by a lack of focus, leadership attention and funding. Often, they struggle to acquire or develop talent with the necessary skills.
Empowering the ecosystem to improve, innovate and grow.
Converting an idea that only existed in one’s head into reality is an unparalleled feeling. The low code is empowering knowledge workers to get their apps up and ready, in the time they would build the business case. The low code helps speed up the process, business teams can directly build the working version of their business case and make it live for stakeholders, get the traction and measure the benefits and get approval for the major update.
Low code technologies aid in automating and orchestrating development and deployment pipelines. This helps organizations keep up with the rapid rate of change required for applications. With silos breaking down and cross-functional teams speeding innovation, organizations are standardizing on developer-oriented solutions to implement CI/CD practices throughout IT.
Low code approach help in implementing and continuously re-calibrating processes that make the most of both human and technological capabilities to produce positive outcomes and free up resources for higher value actions.
To achieve higher digital maturity, organizations must proceed deep in each function. Consider functions like finance, purchasing, accounts, operations, HR, learning & development, marketing, customer service, sales, supply chain, and many more. And if we empower the functional leaders and their business teams to digitize their processes and automate their tasks, before going to IT for each project.
To better understand this, check these use-cases:
An HR professional at an SMB was juggling with the processing of year-end submission of Investment declarations from its employees. Collating 100-200 employees’ details sent over an email, was a daunting task ahead. He turned to few options in hand like google forms which would only collect the details. However, the approval from the accounts team, communicating back to employees regarding the same was mundane.
Instead, he digitized and automated the whole process. He adopted a low-code approach to building an app. This App was used by employees to send in their updated declaration form. He built a workflow, so these declarations go to accounts, who will get a notification and can update the status, request for clarification, request changes, etc. While all this was up and running within a day.
In another instance, a large ITes firm, with huge IT spending and digital transformation budgets, had different business units like Facility Management Group, Central Purchasing Office, IP Management office who were struggling with the pile of manual intervention tasks. IT had a wait time of more than 6 months and ready products needed quite some customization. When they saw the basic app ready within 2 days of use-case discussion. The business units realized the power of low-code and immediately got a function head’s approval and they involved the right stakeholders to get the app live within weeks.
A local cable tv and internet provider competing against national DTH provider. After the TRAI mandate, it had to comply with new regulations, this required the subscribers to submit their preference of channels or packs. This confirmation from users was done by paper-based forms. Using low-code tools, an app was quickly built allowing users to fill these forms, digitally sign and submit. The operator had the app ready and live within 3 days before his competitors could even find the right mobile app development partner.
A non-IT user was empowered to make his work more efficient without having to go to IT or ready products or vendors. That’s’ the power of low code.
The rise of the agile enterprise
Low code is delivering true business transformation with easy integration, great usability and empowering business functional units to bring in change. Each functional unit feels empowered to customize and enhance their solution to drive a truly personalized and tailored experience. IT’s role is transforming to be a true enabler for innovation and security. Low code is not just the future or app development, but it is going to be a catalyst for the information revolution.