According to recent research, low-code could soon replace more “conventional” types of operations due to its growth.
According to Mendix’s 2022 State of Low-Code report, low-code adoption increased from 77% in 2021 to 94% this year, and four out of ten enterprises now use it for mission-critical business activities.
According to a Gartner prediction cited in the paper, the percentage of low-code or no-code apps will rise from 25% in 2020 to 70% in 2025.
Do I need to use low-code?
Mendix listed a number of advantages of low-code, many of which stood out during the pandemic’s peak.
Many businesses had to make really difficult choices as the economy shrank and business ceased. If they had not implemented low-code, one in nine of the businesses polled indicated they would have had to deal with reputational harm or consider cost-cutting measures like raising prices or laying off employees.
Consequently, no-code was viewed by 69% of respondents as transitioning from a crisis technology to a core technology that they intended to implement into their companies in order to get more control over things like cost. IT, production engineering, product design, and quality control are important fields for low-code.
In addition to the adoption of low-code by the fintech and insurance industries, the technology has also been embraced by the public sector. According to the Mendix research, low-code has resulted in “improved, centralised, and standardised citizen ID authentication; improved access to services; and improved planning and management of budget and physical resources,” all of which have an impact on other companies that do business with the government.
Retail, which has historically been an in-person activity, has gone digital largely as a result of the pandemic. However, some shops have employed low-code to produce things like digital shopping pickup, allowing them to adapt more quickly and remain competitive. Developing the correct software can be time-consuming and expensive.
“Over the past two years, the way we conduct our businesses has undergone a fundamental change, “well-known Mendix CEO Tim Srock. “Operational digitalization and customer and staff engagement through many modalities and touchpoints are now vitally essential. In conclusion, low- and no-code solutions have made it possible for established organisations to develop as well as for younger companies to join the conversation—all of which are essential actions in a time of economic stress.
