< img src="https://www.techrepublic.com/wp-content/uploads/2023/04/tr41423-low-code-microsoft.jpeg" alt=""> A new report highlights the efficiency of low-code tools in decreasing costs and assisting IT professionals handle growing needs.
Image: lexiconimages/Adobe Stock In the face of economic pressures and a growing application backlog, low-code tools have actually become a powerful solution for companies wanting to optimize IT procedures and minimize expenses.
According to the International Monetary Fund, international development is expected to slow down in 2023, dropping to 2.9% from 6% in 2021. This down pattern locations even more pressure on IT departments to find resourceful ways of cutting expenses while continuing to fulfill the needs of business and its stakeholders.
A current study conducted by Edelman Assembly on behalf of Microsoft surveyed more than 2,000 IT CIOs and IT professionals throughout industries including financing, health care, retail and transportation to find insights into how low-code platforms are helping IT teams overcome these challenges.
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Low-code tools help reduce expenses
According to Microsoft’s Low-Code Signals report, 87% of CIOs and IT experts state low-code platforms work in decreasing costs. By accelerating legacy application modernization and leveraging pre-built elements, low-code tools like Microsoft Power Platform, Appian, Mendix, OutSystems and Quickbase can help IT departments drive efficiency gains, simplify data insights and close the app space developed by designer shortages.
The report highlights an example from professional services firm PwC, which utilized Microsoft’s Power Platform to develop its Cyber Innovation Rationalizer solution in simply six weeks. According to Microsoft, this application achieved 85% expense savings and 30% time savings, demonstrating the capacity of low-code tools in decreasing overhead and speeding up development efforts.
In addition, a Forrester Consulting Overall Economic Impact study commissioned by Microsoft in 2021 revealed that Power Platform and Azure helped reduce expenses by 24% due to increased developer efficiency, increased DevOps performance and lowered spending on third-party solutions.
Low-code tools help compensate for personnel shortages
The continually-growing demand for technical services has actually resulted in a lack of expert developers, which has sped up in the previous couple of years.
Microsoft’s study discovered that 45% of IT experts very first adopted low-code platforms to compensate for staff scarcities. By making it much easier to produce and release applications, low-code tools empower non-technical employees to add to app advancement, effectively lowering the concern on IT departments, the report found.
The same 2021 Microsoft-commissioned Forrester research study discovered that low-code tools substantially increased designer efficiency gradually, averaging 62% over three years. This performance gain advantages IT departments struggling to satisfy the increasing demands of end users and tackle the backlog of applications.
SEE: As employing freezes and layoffs hit, tech groups struggle to do more with less (TechRepublic)
AI and automation improve low-code capabilities
According to Microsoft’s report, 87% of CIOs and IT professionals believe increased AI and automation ingrained into low-code tools would assist them better utilize their company’s complete set of capabilities. Tools like Microsoft Power Apps, Power Automate, and Power Virtual Agents have currently begun incorporating AI functions like Copilot, which improve application advancement with natural language authoring and the ability to converse with AI assistants.
As low-code tools continue to integrate AI and automation, IT professionals can expect much more efficiency gains, allowing them to build smarter, more efficient applications and resolve increasingly complex issues, stated Microsoft.
SEE: Tech leaders: Take an AI-first approach to data technique to accelerate transformation (TechRepublic)
Low-code platforms can assist break down data silos by centralizing information and supplying easy-to-consume information visualizations.
Microsoft’s research study discovered that 86% of CIOs and IT experts believe low-code tools help their organizations produce more accurate insights from their data. By breaking down information silos, decreasing duplication and centralizing data in “a single source of fact,” IT specialists can build more comprehensive and reliable solutions for end users, the report stated.
One example supplied by Microsoft is EY’s Power Post application, which utilizes Microsoft Power Platform to automate the General Journal publishing process used internally by the EY International Financing group. According to Microsoft, the low-code app decreased file processing lead time by 95%, minimized existing costs by 30% and removed e-mails and Excel requirements by 100%.
Low-code tools add to application modernization
Another benefit of low-code platforms is their capability to help organizations improve legacy applications. In Microsoft’s study, 87% of CIOs and IT experts said low-code tools are very useful in helping their companies update legacy systems– something many services are dealing with.
Low-code tools help reduce time to worth by extending existing tradition core capabilities, enhancing migration tasks and changing tradition applications with low-code solutions. This in turn helps companies to keep pace with developing technologies and ensures their applications stay relevant and practical.
4 suggestions when embracing low-code tech
For organizations aiming to enhance performance, decrease expenses and streamline information insights, low-code platforms provide an engaging solution. As you think about adopting low-code innovation, keep the following points in mind:
- Assess popular low-code tools to discover the very best fit for your organization.
- Prioritize low-code tools that feature embedded AI and automation capabilities 87% of CIOs and IT experts believe these features would assist their companies much better take advantage of the full set of capabilities offered by low-code options.
- Think about utilizing low-code tools to update tradition applications and close the app gap created by designer scarcities and standard development timelines.
- Look for low-code solutions that can help improve data insights by centralizing data in a single source of fact and minimizing information duplication throughout databases.
