What Are the Benefits of Low-Code Tools?
As digital programs accelerate, few organizations can resource all potential digital initiatives, with development teams being a frequent bottleneck. Low-code applications are flexible by nature, and can be changed as business needs evolve. Although not all applications are suitable for this approach, resulting benefits of implementing a low-code tool are:
- Increased business productivity. Adoption can increase business growth and customer satisfaction by speeding creation of new digital applications. Some organizations have reported a 5x increase in productivity over traditional approaches.
- Reduced development costs. This approach can reduce IT spend on professional development resources, potentially cutting costs for some projects by up to 50%. Time freed up in this way can also improve the productivity of development teams.
- Tangible Year-1 ROI. An FMCG company building mobile applications for its field-based staff with low-code tools saved $500,000 in the first year of implementation, and $2 million overall