Low-code solutions enable companies to build and deploy software applications or websites with no or minimal coding. For this reason, Forrester estimated that 75% of all enterprise software would be made with low-code platforms. For businesses that are aiming to maximize the potential of low-code for greater flexibility, FPT Software can be your partner with a large pool of experts, best-shore delivery models, and a wide range of low-code services and partners.
Low code Benefits
Low-code allows faster application deployment by minimizing the need for extensive hand-coding. This is achieved through visual interfaces, pre-built templates, and reusable components that accelerate development and reduce reliance on traditional coding practices. Indeed, IDC found that low-code speeds up the software development lifecycle by 62% for new applications. Low code can speed up application development and enable faster time-to-market by 50%, allowing developers to brainstorm, build, test, and deploy new apps in days or weeks instead of months.
Low-code technology can help businesses save costs by significantly reducing development time and the need for extensive coding expertise. Low-code solutions often require fewer maintenance and update resources than traditional development, contributing to up to 70% cost savings.
Some low-code platforms, such as Microsoft Power Apps, Salesforce Lightning, and Mendix, are cloud-based, which allows businesses to scale based on their demands and easily integrate with other cloud services. Additionally, on-premises low-code platforms (OutSystems, Appian, and more) can provide more security by allowing organizations to manage and control their infrastructure. Hence, businesses can maintain stricter control over data privacy, comply with regulatory requirements, and implement tailored security measures to meet their needs.
Low-code in different industries
Thanks to its benefits in flexibility and reduced costs, low-code is widely adopted in various industries, including:
- BFSI (Banking, Financial Services, and Insurance): Traditionally, banks face the challenges of long development cycles and inflexible systems, which urge 15% of banks to plan reductions in their technology budgets for 2024. Low-code platforms are gaining traction for their ability to expedite application development and automate complex processes, helping institutions quickly adapt to market changes and reduce costs.
- Healthcare: Low-code platforms are increasingly utilized for developing patient management systems, telemedicine applications, and other crucial tools. These platforms enable rapid development that improve patient care and streamline healthcare operations.
- Retail/E-commerce: Low-code solutions can integrate with various payment processors and gateways, streamlining the checkout process. Low-code platforms enable the creation of apps and features for personalized customer experiences, such as loyalty programs, product recommendations, and targeted promotions.
- Manufacturing: As manufacturers are using IoT devices to collect data from machinery, sensors, and other equipment, low-code platforms provide actionable insights such as identifying potential equipment failures. Low-code platforms can integrate this data into supply chain management systems to improve accuracy in forecasting, inventory control, and supply chain efficiency.
Read more on FPT Software’s partnership with Siemens to provide low-code platform Mendix in Korean and Japanese markets.
Latest low-code market trends
AI integration
One of the latest low-code trends is the integration of AI and machine learning capabilities within these platforms. By implementing AI, low-code platforms can automate routine tasks that traditionally require human intervention. Additionally, AI can verify compliance with coding best practices and recommend optimizing performance. This proactive support simplifies the coding process, resulting in more organized and optimized codebases. Consequently, software engineers are utilizing AI in their coding process, as 75% of them are using AI code assistants.
Citizen development
Low-code platforms enable business users, also known as citizen developers, to create applications without needing deep technical expertise. This change in team dynamics and integrated development solutions will allow businesses to focus on critical value-added tasks, thereby accelerating their digital innovation efforts. According to IDC, 40.9% of Asia/Pacific (excluding Japan) organizations assign more developer duties to non-IT staff to address any shortfall in development skills across the company.
Hybrid development models
Organizations are increasingly adopting a hybrid approach that integrates low-code development with traditional coding practices. This combination leverages the speed and ease of low-code tools while retaining the customization and control provided by traditional development. By merging these methods, businesses can accelerate project timelines and adapt flexibly to changing requirements.
6 Common Low-code platforms for businesses
1. Microsoft Power Apps
Microsoft Power Apps is one of the leading low-code platforms, known for its seamless integration with Microsoft 365, Dynamics 365, and Azure ecosystems. This close integration enhances its utility and makes it a practical solution for businesses already invested in Microsoft technologies.
2. OutSystems
Outsystems supports businesses in mobile and web applications and offers the ability to extend applications with custom code, which makes it versatile for diverse needs. OutSystems also integrates effortlessly with legacy systems, which is advantageous for organizations looking to modernize their technology stack without disrupting existing operations.
3. Mendix
Mendix allows businesses to integrate into Siemens systems and IoT devices, making it particularly useful for industries leveraging industrial technology and connected devices. Mendix provides an intuitive development environment that supports agile methodologies, including DevOps and CI/CD.
4. Appian
Appian is distinguished by its emphasis on automating complex business processes and enhancing business process management (BPM).
5. Salesforce Lightning
Salesforce Lightning offers comprehensive development tools for creating and customizing applications, including mobile apps, which is ideal for businesses relying on Salesforce for customer relationship management.
6. Creatio
Creatio is powered by composable Quantum architecture. The platform empowers developers to assemble various components, blocks, and apps to create enterprise-ready solutions that match their unique requirements.
FPT Software - Your trusted low-code partner to reshape software development
With vast experience implementing low-code projects for various clients around the world, we understand the challenges when deciding to adopt low-code solutions. FPT Software can be your trusted partner with a wide array of solutions dedicated to developing low-code applications, including:- Customized low-code solutions to meet specific needs and regulatory requirements for each industry.
- A large pool of over 5,000 experts and in-depth knowledge to optimize processes, drive innovation, and create clear roadmaps for integrating low-code platforms with existing systems.
- A wide partner network with low-code giants such as OutSystems, Microsoft PowerApps, Mendix, Salesforce, Creatio, Appian, and more.
- Best-shore model with onshore, nearshore, and offshore teams to provide a scalable workforce that adapts to customer demands and ensures round-the-clock support.
- Efficient prototyping and iterative development to ensure applications are refined based on user feedback and changing requirements.
- Seamless connectivity between low-code applications and existing IT infrastructure, databases, and third-party systems, with expert API development for smooth data exchange.
- Advanced AI features into low-code applications to improve automation, analytics, and decision-making.
Discover more about FPT Software’s Low Code services here.
