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Smart Apps for Dummies Part 1—Grow Your Business, Not Your Backlog

Blog: The Tibco Blog

Staying competitive in today’s digital economy

The digital economy today is a viciously competitive environment that is only continuing to grow and expand. To stay afloat in this aggressive environment, digital leaders require easily created and updated applications.

Customers’ expectations of businesses are only accelerating. Exceptional customer journeys with well-fitted personalization are no longer a luxury, but are now the expectation. In order to meet this demand and satisfy the ever evolving needs of the customers, businesses need their applications to tolerate immediate creation and updates. Each business is facing extreme competition and as time goes on, the need to get to market quickly only grows. This competition continues to add to development backlogs, overwhelming IT and slowing company growth. Attempting to meet the demand of customers and the company is crippling IT teams. According to Gartner, “Through 2021, market demand for app development will grow at least five times faster than IT capacity to deliver it.”

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Building and delivering enterprise-grade apps requires a complex set of technical skills and is an exercise dependent on IT departments. Because of this, businesses are forced to go around their IT department and their time constraints to create less effective and less desirable applications, or risk losing out to their competition.

“Many IT teams will have significant backlogs of application work that need completing, which increases the risk of lines of business going around IT to get what they want sooner” —Gartner

Traditional tools and methodologies are falling short in today’s digital era and stifling productivity, ending the days of the big-bang software.

“If your business relies solely on coding, then you’re going to fail. It’s just too slow, too inflexible. You won’t be able to move fast enough.” —Forrester

To add to IT’s productivity wall, staffing is becoming increasingly difficult—finding developers continues to vex companies across all industries and geographies. The gap between needs and Application Development and Delivery capacity continues to widen. Forrester estimates the US economy alone will suffer a gap of 500,000 developers by 2024.

The answer to the problem

Current approaches just fall short when it comes to answering the need for speed and custom-fit applications.

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To combat this, low-code alternatives emerged as a real alternative to traditional app development. They were quickly recognized by big analyst firms such as Forrester for their real market potential.

“[Low-code platforms] enable rapid delivery of business applications with a minimum of hand-coding and minimal upfront investment in setup, training, and deployment.” —John R. Rymer, Forrester, Vice President, Principal Analyst

See for yourself

Attend our upcoming webinar Unleash Digital Creativity with Low-Code Application Development, featuring a live demo, to learn how to:

Get familiar with TIBCO Live Apps and join us for this webinar!

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