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Published: Wednesday, February 1, 2023 - 12:00 (GlobalData: London) -- Low-code, no-code (LCNC) platforms are becoming popular as companies are pouring millions into digital transformation to cut down lengthy development cycles and create new applications that meet immediate business needs. In line with this, companies’ discussions around LCNC grew by 18 percent year-on-year in 2022, reveals GlobalData, a leading data and analytics company. GlobalData’s Company Filings Database reveals that companies’ discussions around low code, no code, which is the new paradigm in application development that reduces or eliminates the need for coding, has increased gradually in recent years. “Low code is recognized as a connected toolset to implement automation programs more successfully in the face of escalating prices, skill shortages, and changing consumer expectations. Low-code architecture using prebuilt templates, API-microservices, and workflow automation allows to address the present skill shortage and offset deploying expensive IT resources,” says Misa Singh, a GlobalData analyst. eClerx Services believes that the growing demand for low-code, no-code, robotic process automation, smart automation (AI/machine learning), consulting, and platform installations has contributed to the doubling of automation services. New York-based UiPath released a 22.10 version of its platform that helps robots interpret both structured and unstructured data and gain browser-based access to a low-code development platform. It also gives them the ability to create public facing apps, as well as expanded process and task mining capabilities. Magic Software’s low code and metadata platforms include prewritten technical and administrative functions that are essentially ready-made business application coding. Developers can then skip the technical code-writing stage of application development and integration, focus on creating the proper logic for their apps, and proceed efficiently with deployment. Furthermore, the company believes that developed economies such as the U.S. and Canada will play a significant role in the market expansion for low-code development platforms. JFE Holdings mentions that, in addition to low-code development tools, the company supports in-house development using workflow systems to increase operational efficiency and promote changes like eliminating stamps and switching to a paperless system. Duck Creek Technologies talks about investing in a software-as-a-service (SaaS) insurance platform with new targeted capabilities to extend products, platforms, and low-code configuration tools into its platform. Software firm i3 Verticals mentions investing in low code application technologies. “Low code can save expenses and avoid delays while delivering new apps more quickly to users and staff. It enables software development with less physical and human resource investment than before, which could promote innovation through digitalization,” says Singh. Quality Digest does not charge readers for its content. We believe that industry news is important for you to do your job, and Quality Digest supports businesses of all types. However, someone has to pay for this content. And that’s where advertising comes in. Most people consider ads a nuisance, but they do serve a useful function besides allowing media companies to stay afloat. They keep you aware of new products and services relevant to your industry. All ads in Quality Digest apply directly to products and services that most of our readers need. You won’t see automobile or health supplement ads. So please consider turning off your ad blocker for our site. Thanks, For 40 years Quality Digest has been the go-to source for all things quality. Our newsletter, Quality Digest, shares expert commentary and relevant industry resources to assist our readers in their quest for continuous improvement. Our website includes every column and article from the newsletter since May 2009 as well as back issues of Quality Digest magazine to August 1995. We are committed to promoting a view wherein quality is not a niche, but an integral part of every phase of manufacturing and services.Companies’ Discussions of Low Code, No Code up 18% in 2022
Reducing or eliminating the need for coding
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