Four reasons why low code development is crucial for current business methodology

Blog: AuraQuantic Blog

Companies these days are aware that they need to digitally transform to remain competitive ,however they are not always sure which tools to use. That is why, in this article, we are going to discuss the trends that technology contemplate, and why we consider these five reasons critical for today’s business development:

Digital transformation
Digital revolution
Key methodology
The power of low-code platforms
Differential value

Digital technology is changing people’s lives and forcing
companies to continually change their organizational and business models.

In this context, it becomes necessary to leverage
technology to modernize and improve the efficiency of our business model,
as well as to embrace innovation in order to transform and respond to the
changes that affect the business.

When it comes to digital transformation, we cannot consider
trends and technologies separately.

Tools such as low-code, RPA, or artificial intelligence, are separately capable of meeting some business needs, but to really leverage their true potential we make them work together to solve end-to-end enterprise needs.

If our objective is hyperautomation, we will need to rely on
a low-code tool with the capacity to integrate with other technologies, which
will contribute to the democratization of software development, and which will
ultimately provide a differential value to the organization.

People are a key component in the digital revolution, and it
is therefore necessary to provide them with tools that empower them to
contribute their knowledge, which also encourages the transfer of knowledge throughout
the organization.

Reason 1: Digital transformation:

Automating processes is key to keeping organizations
competitive. Right now, companies that have not started their transformation
are already one step behind. Companies that have already started the transformation,
need to keep reviewing and updating their processes to remain competitive.

In general, all the activities that are carried out in an
organization are executed following acertain procedure, which can be broken
down into:

The people and organizational areas involved
the tasks
that must be executed
the order
in which the tasks must be performed.

“People-centric smart spaces are the structure used to organize and evaluate the primary impact of the Gartner top strategic technology trends for 2020”

David Cearly

Gartner’s annual report “Top
10 Technology Trends for 2020” highlights trends that companies should
consider as part of their technology strategy.

Some of the trends related to digital transformation covered
in this article are:Hyperautomation, Multiexperience, Democratisation, Human Augmentation
and Transparency and Traceability.

Hyperautomation

Gartner defines hyperautomation as an effective combination
of complementary sets of tools that can integrate functional and process silos
to automate and augment business processes. These tools include the application of advanced technologies,
such as Artificial
Intelligence (AI), machine
learning (ML), RPA, BPM and data mining.

When we undertake a hyperautomation project, it is very
important to understand the desired degree of automation and to establish a
plan. Based on this plan, we will choose the tools we need, and combine them to
achieve our goals and be more efficient.

Integration between the tools is now more critical than
ever, and the features of a low-code software can be key as they offer ways to
start processes and wizards to facilitate the integrations. In addition, they incorporate
powerful tools to generate reports and track the status of tasks.

Multiexperience

The way we interact with companies and products has evolved
in recent years, with the current trend being for technology to adapt to
people, and to understand them better.

The multi touchpoint aspect of the experience involves connecting
people through a plethora of peripheral devices, including traditional computer
devices, portable devices, cars, environmental sensors and home appliances.

The multi-sensory aspect of the experience involves human senses and combines them with data obtained by machines (heat, humidity, and radar).

Democratization

Democratization advocates giving the entire population
access to technology without the need for specific training in its development.
When language barriers are removed, ordinary developers or citizen
developers can give free reign to their imagination and create applications
by focusing on the ends rather than the means.

The technology department can no longer function as a
stand-alone department. The business area must know the IT department’s area of
focus.

There is a need for closer collaboration between all
departments, and for individual and departmental information input to flow
throughout all areas of the company.

Business users can also be directly involved in software
development, eliminating the complexity of development with low-code tools. In this
way we will also gain resources to create applications and improve the transfer
of the knowledge throughout the organization.

Human Augmentation

Technologies must work with people and contribute to
improving their cognitive and physical skills. Adding technology such as
wearables to our bodies can improve the productivity and efficiency of workers,
while the cognitive skills of artificial intelligence can help improve
decision making.

Transparency and traceability

Consumers and governments are becoming increasingly aware of
the value of personal information and are demanding that there be control over
the use of data by organizations.

In addition, Artificial Intelligence and the use of machine
learning for decision making implores AI to be ethical and fair.

Transparency and traceability are critical elements to
support these ethics and digital privacy needs. Some low code platforms are
already compliant with laws such as GDPR and contain features to ensure
companies treat sensitive data correctly.

Reason 2: Digital Revolution

Gartner, in its annual report on trends, predicts a large
growth in technologies related to process automation, with special emphasis on
low-code BPM platforms:

By 2024, 75% of large enterprises will be using at least
four low-code development tools for both IT application development and citizen
development initiatives.

By 2022, at least 40% of new application development projects
will have artificial intelligence co-developers on the team.

Reason 3: Key methodology:

Today, companies are forced to continuously review and
update their business model. In order to do so, they need to automate their
processes, and investigate how new technology trends can help them.

It is important to emphasize that technology trends do not
exist in isolation. Rather, they support and reinforce each other.

We live immersed in the digital economy and the key for
companies to remain competitive is speed and adaptability. To achieve this,
they need a methodology that allows them to anticipate new digital expectations
and to be able to adapt to change. Low code is the “agile”
development methodology that best suits these needs.

Development with low code platforms, like AuraQuantic,
allows the creation of applications in a much faster way, thanks to features
that make development possible with little or no coding, while gaining a powerful system
capable of working on all business levels, scalable, and with full security
guarantees. Furthermore, low code democratizes process development and enables the
transfer of information between departments.

Reason 4: The power of low-code platforms

Low-code platforms like AuraQuantic, provide simplicity for the design and execution of processes, regardless of their complexity, while using a minimum coding for their development.

These platforms offer a great variety of functionalities,
components and pre-configured services, easily adapted and integrated between
them.

Some of these powerful features include:

Dynamic form design
Wizards
Intelligent Business Rule Engine
Monitoring
Governance
Integration with external applications and
databases

In conclusion companies can gain many benefits from using low code application development which are not limited to speed and agility. One of the main benefits of low code development that is often overlooked is that it saves the company money. Low -code application tools enable companies to have a custom-tailored solution covering their needs and seamless integration with external application and databases within a short period of time. This eliminates the creation of different information silos and can even lead to the redundancy of different applications thus saving your company not only money but time. From a technical point of view the financial benefit really shows during development. Instead of paying several development teams to divide app development between the frontend, backend, database, and deployment on desktop, Android, and iOS, low code unifies these processes. Low code development applications are the future.

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