#lowcodeautomation

Process mining is on fire—a sizzling hot market that’s expected to grow from $185.3 million in 2018 to 1.4 trillion by 2023, with Europe accounting for the largest share of the growth according to the analyst firm MarketsandMarkets. But more than that, the trifecta of Process Mining + Workflow + Automation can unlock massive customer value for any company trying to compete and win in the age of hyperautomation.

This is the decade of hyperautomation—a decade when companies are doubling down on mating critical processes to drive sustainable growth. But here’s the problem. An eye-popping 60 to 80% of your organization’s processes may be running on unstructured data such as documents and email according to news reports. Which makes them that much harder to automate manage and audit.

Low-Code. This is a new term for many, and it raises questions. The first is “What is it?” Suffice to say, low-code is a new way to build software applications that is faster and better than traditional coding. A more urgent question is “why do we need it?” What kinds of shifts has the world seen that have caused something like low-code to gain prominence?

“The pandemic taught us that change is real. It taught us that sometimes a business has to change in order to survive. Sometimes the customers demand change. Sometimes not just revenue, but human health depends on being able to change fast enough. And if you can’t change, you are going to let your customers down. You’ll let your employees down”.

This speed of change will only continue to accelerate as new technologies like artificial intelligence, IoT, and telematics become more deeply integrated into the insurance industry. But how can insurers deliver the omni-channel, digital-first experience today’s customers demand? The answer lies in connected insurance.

It’s no secret that there has been massive disruption across global supply chains over the past year. In fact, 94% of Fortune 1000 companies have stated that they are facing supply chain disruptions from COVID-19... To better prepare for future disruption, companies must look toward a more agile and connected supply chain. Organizations that are better prepared to act quickly and pivot to changing environments will have a competitive advantage moving forward.

The data is in: Appian accelerates application development by 17x and provides a 389% return on investment (ROI) with less than six months payback. These findings come from the Forrester Total Economic Impact™ (TEI) study, a commissioned study conducted by Forrester Consulting on behalf of Appian, which examines enterprises’ return on investment after deploying the Appian Low-Code Automation Platform.‍

Business enterprises are more dispersed than ever. Not only are many people still working remotely a full year into the pandemic, the digital age has given companies a lot more data to manage. Combined, that makes business processes challenging to execute. But what if creating a new, automated application users need to do their jobs no matter where they're located was as easy as drawing a workflow diagram? That's exactly what low-code technology does.

Enterprise software development is undergoing a quiet revolution — and it’s a revolution everyone saw coming. The old way of developing applications — specialist developers writing code line by line — just isn’t working anymore. Under rising pressure to replace software and develop new solutions faster than ever before, organisations are often left feeling paralysed by their own IT. Low-code is that revolution.

One of Europe’s oldest banks delivers new FinTech products 10x faster and reduces onboarding from one week to 10 minutes with a low-code automation platform. Bankhaus von der Heydt is using Appian to automate back-office operations and grow its banking business.