target audience: TECH SUPPLIER Publication date: Oct 2023 - Document type: Market Presentation - Doc Document number: # AP50328823
Accelerating Innovation: Unleashing Low Code's Potential —Enterprises Building the Future of Applications for Business Agility
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Abstract
This IDC Presentation demonstrates how enterprises are leveraging low code for building the future of applications to drive business agility. Enterprises across industries are under pressure to increase revenue growth, operational efficiency, and time to value for their software applications in order to innovate and undergo a digital transformation (DX). Low-code/no-code (LCNC) application development technologies and platform tools are paving the way for the future of digital innovation in the Asia/Pacific region where more organizations are building their own unique applications, each year owing to rising competition, developer scarcity, costs, and work pressure.
Low-code platforms empower organizations to expand their cloud-based offerings and offer several layers of abstraction and usability by leveraging prebuilt components with associated business logic. The relatively longer traditional development process, high cost of IT labor, and increasing maturity of agile practices have created demand for citizen developers and LCNC development practices throughout the Asia/Pacific region.