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Navigating the Economic Downturn with Low Code Application Development Platforms

Low Code Development Platforms, LCDP

In the impact of the COVID-19 pandemic, the economic downturn is seen in both the developed and developing countries equally. Organizations are shutting down, work from home has become the new normal, less interaction between colleagues has left organizations struggling with lower productivity and reduced overall ROI. Organizations have been cautious in general with their expenditure and mostly concerned with time to reach the return on investment. With a new solution that quickly deploys new digital transformation initiatives, or improves communication among employees, constituents, and stakeholders, low code as such is a proven, easy, and often inexpensive way to achieve these important business outcomes, faster.

Without the low code technology, many organizations would have to spend their valuable time, and manual efforts developing their own solutions or manually answering each question rather than focusing on mission-critical services. Low code development platforms have increased the number of non-professional software developers who build applications for use by other people. Citizen developers, often business users, do not report to IT but merely make use of tools such as low-code platforms for developing and utilising their application of choice. Thus low-code platforms enable an organization to build solutions faster, cheaper, and also meet the required demands to eliminate risk and associated losses that can occur otherwise.

 Business/ Commercial Success with AI and Augmented Reality:

Augmented reality driving overall business success – is the new normal. Low code software enables an organization to successfully pivot to augmented reality to digitalize their physical assets and bring these experiences safely to people wherever they are positioned. Lightweight, user-friendly ‘wearable-tech’ devices with high computing power deliver a uniquely immersive and personalised experience. With new and upcoming AI use-cases, low code developers can remove the need to train AI algorithms by making use of massive datasets, and expensive computational hardware. They can be customized with much smaller amounts of data which results in the removal of the barrier to entry, lowered costs, and accelerated innovation.

As AI is adopted across healthcare, defence, transportation, urban planning, smart cities, and such other use cases, an exponential growth in the use of embedded AI tooling for productivity gains, analysis, and recommendations will also follow suit. The Low-code development platform is not just a tool to simplify the building of an application, but it also has evolved into an entire ecosystem with the most advanced and promising technologies, for creating, managing and connecting the entire enterprise operations in the years to come.