#lowcodeautomation

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.

Bureau of Labor Statistics expected 1.4 million computer science–related jobs to become available in 2020—but only 400,000 computer science graduates to fill those roles. Enterprises can’t hire their way out of this problem, so IT teams need a more efficient way to quickly build powerful applications. That’s where low-code and no-code development platforms come in. Low-code and no-code capabilities let development teams rapidly build applications using visual design tools and a drag-and-drop interface.

The new normal in the next decade will be very different than the bygone era. COVID has impacted the world in a way seen only as recently as a century ago. It was different then and it is different now. This new normal can unlock significant value in the digital space. Applications and platforms need to be developed at a velocity faster than changing habits of consumers.