What are the Top 5 Features Every Low Code Platform Should Have in 2024?
The current business landscape requires suitable technology to transform their operational procedures and marketing platforms. In 2021, the market for low-code platforms stood at a valuation of $7.61 billion. Forecasts indicate that this figure is set to soar to $36.43 billion by the year 2027. Keep reading to discover the benefits of the low code platform and what features it should have to transform the business.
Low Сode: Core Pros and Cons to Consider
Low code features that drive digital transformation
Open-source low code
People often think they’ll be stuck with the vendor they choose, but that’s not necessarily true. Some vendors create applications with frameworks and open-source code that can function anywhere. However, others might lock you into their platform with a complex code that’s nearly impossible to maintain outside of it, or by altering your applications when you cease using their tool. It’s essential to grasp the terms of each provider and ask for the generated code in advance to assess how effortlessly it can be modified.
Benefits of using the open-source version
Faster app creation. Open-source, low-code platforms significantly cut development time by providing a foundation of features, whether used as-is or customized.
Economic development. Leveraging open-source code offers a budget-friendly solution compared to hiring dedicated teams or buying custom programs.
Streamlined business functions. These platforms enable quick development of apps that enhance collaboration and efficiency, automating routine tasks to free up time for essential work.
Collaborative user access. The solution facilitates multi-user access to a single app, ensuring a secure, error-free medium for both IT professionals and non-coders to manage projects.
Adaptive flexibility. Open-source platforms allow for swift and bureaucracy-free changes to meet market and customer needs with easy application updates.
Should you wish to experience all the power of open-source low code, you may try the following platforms:
· n8n
· Node-RED
· Joget
Related post: How To Increase ROI With Open Source Low Code PlatformMultitenancy
A multi-tenant low code platform is an environment for software development that allows users to construct applications using graphical user interfaces and configuration instead of conventional code writing.
Here’s why every business leader should sit up and take notice
Scalability. Multi-tenancy ensures that as a business grows or as more independent departments or units want to create their own applications, the platform can efficiently scale without establishing entirely separate instances.
Cost-efficiency. Since one application instance serves multiple tenants, it reduces the overhead of server and infrastructure costs.
Rapid deployment. Low-code platforms allow for quick app development, meaning businesses can adapt and deploy solutions faster in response to changing needs.
Benefits to enterprises
Increased agility. Enterprises can swiftly respond to market changes or internal demands by building and adapting applications in a short time.
Reduction in IT backlog. Business units can develop their own applications with minimal dependence on the central IT team.
Innovation. By reducing the technical barriers to developing apps, a broader range of employees can contribute to innovative solutions.
Uniform experience. All users, regardless of their specific tenant environment, experience consistent performance, user interface, and functionalities, which aids in training and user adoption.
As to other solutions, you may also opt for these:
· Appian
· Mendix
Fully customizable templates
A fully customizable template refers to a pre-built application or functionality structure that provides a starting point for development.
The business benefits
Speed. Businesses can rapidly deploy solutions by starting with a template and adapting it, rather than building from scratch.
Standardization. Offers a standardized starting point, ensuring consistency and best practices.
Flexibility. While templates provide a foundation, the customization capability ensures the solution can be adapted to business needs.
What can enterprises find?
Collaboration. Facilitates better teamwork by allowing cross-functional teams to work together seamlessly, bridging the gap between IT and non-IT staff.
Consistency and compliance. Using templates ensures that applications follow certain standards, which can be crucial for regulatory and compliance reasons.
Risk reduction. With a foundation already in place, there’s a reduced risk of project failure as compared to building from scratch.
The most prominent representatives are:
· Pega
Smooth connectivity
Its value for businesses
Unified user experience. It ensures consistent user interaction across different platforms and applications.
Real-time decision-making. With seamless connectivity, businesses can operate real-time data, leading to more informed decision-making.
Future-proofing. Smooth connectivity helps to ensure that future technological advancements or changes in business models can be integrated with minimal disruptions.
Vendor independence. Enterprises aren’t tied to a particular solution, and flawless connection ensures they have the flexibility to change or add vendors as needed.
Benefits it delivers to enterprises
Competitive advantage. A seamless and agile IT infrastructure can provide a strategic benefit over competitors who might still be grappling with siloed systems.
Risk reduction. A unified platform reduces the complexities of handling multiple, disconnected systems, leading to fewer errors and security vulnerabilities.
The best options to try:
· TrackVia
No vendor lock-in
Working with the proper low code platform opens up opportunities for companies to become Unicorns.
The business benefits are the following
Innovation. Without lock-in, businesses can switch to platforms offering newer and better features.
Data sovereignty. Ensures that a business can retrieve, transfer, and manage its data regardless of the platform provider.
Advantages for enterprises
Negotiating power. Being independent allows enterprises to negotiate terms, prices, and SLAs better.
Integration. Reduces challenges by integrating various tools and solutions into the existing IT infrastructure.
Best players on the market:
· Unqork
Source: TeleportHQ
Related post: Streamlining Software Development with Low Code What makes XME.digital the best low code platform in 2024?
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