Low-code could replace
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The rise of low-code could soon see more “traditional” forms of operations overthrown, new research claims.
Mendix’s State of Low-Code for 2022 found an increase in low-code adoption from 77% in 2021 to 94% this year, with four in 10 companies now using low-code for mission-critical solutions in their operations.
The report cites a Gartner projection that places low-code or no-code applications at 70% in 2025, up from 25% in 2020.
Should I use low code?
Mendix outlined several benefits of low-code, many of which were most notable at the height of the pandemic.
When business ground to a halt and the economy stalled, many companies faced incredibly difficult decisions. One in nine companies surveyed said they would have faced reputational damage or cost-cutting measures such as rising prices or losing staff if they hadn’t implemented low-code.
As such, 69% saw no-code move from a crisis technology to a core technology that they want to integrate into their business to gain greater control over things like costs. Important areas for low code are IT, manufacturing engineering, product design and quality control.
In addition to the fintech and insurtech adoption of low-code, government agencies have also embraced the technology. The Mendix study indicates that “improved, centralized and standardized authentication of citizen IDs; improved access to services; and improved planning and management of budget and physical resources” have all played a part as part of low-code, the effects of which can permeate on other companies involved in the public sector.
Traditionally a personal experience, retail has been digitized, largely as a result of the pandemic. Developing the right software can be time-consuming and costly, but some retailers have used low-code to develop things like digital grocery retrieval, allowing them to adapt faster and stay competitive.
“The way we run our businesses has fundamentally changed over the past two years,” said Tim Srock, CEO of Mendix. “It is now absolutely crucial to digitize operations and engage with customers and employees through different modalities and contact points.” In summary, low- and no-code solutions have enabled established companies to evolve, and for younger companies to come to the table, all of which are critical steps at a time of economic pressure.