INSIGHT DETAIL
Accelerating Telco Industry Transformation with Low-Code Solutions
Introduction to low-code
What are low-code technologies?
Low-code is a software development approach that allows for the creation of applications using visual drag-and-drop tools, rather than traditional coding. It enables faster development, deployment, and maintenance of applications.
Low-code platforms like OutSystems, Appian, and Microsoft PowerApps are changing the way companies evolve their businesses.
These technologies are providing an efficient and cost-effective way to develop and deploy new digital services. Companies are facing a growing demand for new and innovative digital services, and they need to be able to quickly respond to changing market conditions and customer needs. Low-code platforms allow companies to create and deploy new applications faster than traditional development methods, which can help them to be more agile and responsive in the market.
Additionally, low-code platforms can support other operations, and support companies on system integration with legacy systems, business automation or improve customer experience, which can drive revenue growth and customer loyalty.
With the use of low-code platforms, companies can innovate faster, reduce costs, and improve their time-to-market, which can give them a competitive advantage in the market.
In this guide, we are focusing on some of the most popular low-code technologies in the market that are being adopted by companies.
Benefits
The benefits of low-code solutions for
companies in all type of industries
Stay Ahead of the Competition
Low-code solutions and applications have numerous benefits, including faster development times, reduced costs, increased agility, and improved collaboration. With low-code platforms, developers can create applications with minimal coding, allowing them to focus on more complex tasks. This results in faster delivery times, reducing the time to market for new applications. Additionally, low-code solutions allow for greater collaboration between developers and business users, who can more easily participate in the development process. The use of pre-built components also helps to reduce development costs while providing greater flexibility and agility for organizations to adapt to changing market conditions. Overall, low-code solutions offer an efficient and effective way to develop high-quality applications at scale.
- 6-10x Faster application development
- Applications with fewer errors and bugs
- 3-10x Increased productivity and efficiency
- Improved time-to-market
- Scalable solutions that accommodate growth
- Up to 60% Reduced costs associated with the development
- Simplified integration with other systems
- Enhanced user experience
- Ability to experiment and prototype quickly
- Easier maintenance and updates
- Modular architecture and automated processes
- Greater agility to adapt to changing requirements
Application
Developing with
low-code
Low-code solutions are increasingly being used by businesses of all sizes to improve their application development processes and gain a competitive advantage in the market. Low-code solutions can be used to develop a wide range of applications, from simple mobile apps to very complex business process automation workflows.
Some great examples are that these platforms can be used to build Desktop apps, mobile apps, internal portals, e-commerce websites, customer relationship management (CRM) systems, inventory management tools, project management dashboards, human resources management (HRM) systems, marketing automation tools, supply chain management solutions, and much more.
With low-code platforms, developers can rapidly build applications that are highly customizable, scalable, and adaptable to changing business requirements, all while reducing the amount of time and resources needed to develop complex applications.
Applications for low-code
- Mobile apps
- Self-service portals
- Digital process automation
- Websites and e-commerce
- Inventory tools
- CRM systems
- Customer-facing applications
- Business intelligence and analytics
- Integration with legacy systems
- Marketing automation
- Management dashboards
- and much more
Industry reports
Low-code technology earns acclaim in studies by leading market institutions
According to TM Forum’s low-code and no-code report, these platforms are becoming increasingly important for companies to meet the growing demand for digital services, as they can speed up development and deployment, reduce costs and enable faster time-to-market.
Also, on Gartner’s “Low-Code Platforms for Application Development” report, low-code platforms are becoming more and more important for organizations across all industries. Gartner has predicted that by 2024, low-code application development will be responsible for more than 65% of application development activity. This is due to the increased demand for digital services, and the need for faster.
And on a survey by Forrester Research found that low-code platforms can reduce the time and cost of developing new applications by up to 50%. (Forrester Research, 2019)
In 2020, a survey conducted by IDC shows that most companies are currently using or plan to use low-code platforms to develop and deploy new applications.
The low-code and no-code Platforms Market is expected to grow from USD 10.4 billion in 2020 to USD 43.8 billion by 2025, accordingly to MarketsandMarkets (2020).
Finally, a survey by the Agile Development Institute, low-code platforms can reduce development time by up to 80%. (Agile Development Institute, 2018)
By using low-code platforms like OutSystems, Appian, and Microsoft PowerApps, companies can quickly create and deploy new digital services, without the need for extensive coding.
flexibility of low-code
The flexibility of low-code platforms
makes them ideal for multiple industries and businesses
Low-code platforms are becoming increasingly popular among businesses across various industries due to their flexibility and scalability. They are an excellent choice for businesses looking to improve their operations, reduce costs, and gain a competitive advantage in their respective industries.
Telecommunications
Low-code applications can help telecom companies manage customer accounts, automate billing processes, optimize network operations, quickly develop and deploy applications, improve service offerings, etc.
Banking, finance, and insurance
Low-code platforms can help improve customer onboarding experiences and automate compliance reporting, automate business processes, etc.
Healthcare
Low-code applications can be used to manage patient records, facilitate telehealth appointments, monitor medical equipment, automate billing processes, create mobile apps, etc.
Retail
Low-code applications can help retailers manage inventory, optimize pricing strategies, improve customer experiences, support marketing activities, manage vouchers through apps, etc.
Transportation
Low-code applications can optimize fleet management, automate shipping processes, improve logistics operations, etc.
Government
Low-code platforms can help automate administrative tasks, improve transparency and accountability, enhance citizen services, improve customer experience, etc.