According to research from Gartner, 70% of new applications developed by organizations will use no code or low code technologies by 2025, this is a big jump from the less than 25% reported in 2020.
The increase in no code/low code application platforms is also driving the increase of citizen development. Citizen developers are non-technical resources that can build applications without having any software expertise. They can create workflows, business rules, and functionality by using a graphical interface, sometimes without writing a single line of code.
Research from Boston-based Mendix indicated the demand for developers has seen a dramatic increase among IT professionals. Nearly 6 in 10 (57%) say the number of staff needed for software development is increasing while the cost of software development is rising (61%). Additionally, according to PMI, 86% of IT decision makers reported that the biggest challenge they face when trying to digitally transform their business is a lack of software developers. For many enterprises, the solution is no code/low code.
The trend toward no code/low code adoption is helping enterprises accelerate the pace of development by democratizing how software is being built to include business users. No code/low code can build applications faster using already existing talent and for a fraction of the cost.
The Proven Optics Financial Management Applications are Built on Now, meaning we leverage native parts of the ServiceNow platform as part of our applications. Being part of the ServiceNow platform, our applications inherit the same no code/low code extensibility as the core platform which allows our customers to tailor our applications to their specific use cases, rapidly at scale.
The benefits of this platform include:
1: Scalability – Users no longer need an extensive technical background to develop various features and functions. This leads to an increased bench of resources who can build new functionality – even resources outside of IT!
2: Speed – Users are able to accelerate the delivery of new features and functionalities because the barrier to entry for innovation has been lowered.
3: Productivity – No code/low code development bridges the gap between IT and business teams which allows an increased focus on solving real issues that impact the company.
4: Rapid Iteration – The needs of the business are constantly evolving. No code/low code development platforms, like ServiceNow, can provide resources and tools that will help efficiently iterate and edit existing processes.
5: Agility – Businesses can stay ahead of consumer demands and market trends because of the extensibility of no code/low code platforms.
6: Lower Run Costs – No code/low code development reduces the burden of software maintenance. Since the platform components are standardized, the amount of integration issues will drastically decrease.
You can learn more about the award-winning Proven Optics Financial Management Application Suite, Built on Now, by visiting the ServiceNow store today! Visit the store.