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Low-code Platforms

Low-code Platforms

Low-code platforms: Powering digital transformation for businesses

In the age of “digital transformation,” the competitiveness of a business relies on how software solutions streamline inefficient processes. Businesses—SMEs and even conglomerates—are constantly looking for ways to deliver applications faster, automate processes, and integrate data-driven applications on the cloud. However, as businesses around the globe tackle an ongoing talent shortage of software developers, these positions have been among the top 10 hardest roles to fill in the US, Japan, and China as of July 2021 (fourth-hardest globally).
Therefore, many businesses have turned to supplementary “software-as-a-service” (SaaS) platforms, such as low-code development platforms (LCDPs), to drastically cut costs and reduce the strain on understaffed technical teams. Digital transformation has increased demand for these custom software solutions and sparked a growing trend in LCDPs; many leading disruptors, such as Genesis Global, Pipefy, and Builder.ai collectively raised more than USD 375 million within a span of six months—between October 2021 and March 2022. The LCDP space has also caught the eye of several tech giants such as Microsoft, Apple, and AWS.

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