Most organizations have licenses to dozens of software tools, many of which only help a single department. The second way that low-code reduces IT spending is by reducing the number of single-point solutions the company uses. Most developers come at a significant cost, usually more than the cost of the platform, which may be reason enough to try low-code. If you want your existing developers to be twice as productive on low-code, it should directly result in fewer developers needing to hire.
The first is the cost of hiring new developers. There are two major areas where low-code can reduce IT spending significantly. This is the most direct financial metric you can use to calculate the ROI of a low-code/no-code platform. Here are five metrics you can use to measure the ROI of your low-code platform. So how can CIOs and other IT leaders see and demonstrate the real value they get from low-code? If you want to involve non-programmers (or citizen developers), look for indicators that talk about digital transformation and explosive growth. If you aim to help out programmers, look for metrics that talk about improving the quality and output of the IT team. It’s rare (practically impossible) to find a single platform that does both very well.īefore you start to measure the success of the platform, be very clear about which goal is more important for you. Others exist to make it easier for non-programmers to make applications. Some exist to make development easier for programmers. Identifying Core GoalsĪll the low-code/no-code development platforms out there fall into one of two groups. They create a smooth-flowing infrastructure that can handle large numbers of requests running through the system. Automated business processes take a set of data through a specific sequence of steps or approvals to complete the process. These create separate applications that help automate regular business processes such as purchase requests, time-off approvals, and travel reimbursements. Some low-code tools help mobile developers work faster, while others make it less scary for non-programmers to try their hand at app creation.
Again, the functionality of the application can be pretty wide, but instead of deploying anywhere, MADPs are used mostly for churning out apps that will live on a phone. Second: mobile app development platforms, which are mostly geared toward creating mobile apps alone. These tools are favorites of seasoned developers, who appreciate enhanced superpowers that shave time off development cycles by letting them quickly deploy and edit new applications. The first: general-purpose platforms, which enable teams to create apps that can do basically anything they can imagine, and be deployed on any operating system. There are three main categories of low-code development platforms. Choosing the wrong one will quickly land you in negative financial figures.
Picking the Right Platformīefore you start counting up the numbers for your low-code platform, there are different types of platforms out there. Just because it’s hard to make a clean financial line, IT leaders often don’t carefully research and share the benefits.Īnd that could be a big mistake. The good news is that promises made by low-code/no-code platforms make are mostly real and not over-inflated - that’s assuming you pick the right one, and use it carefully. But while there can be a great direct financial benefit of a low-code/no-code platform, the larger advantages are only linked tangentially to money. When people mention ROI, their thoughts first go to money. Often, the success of an LCNC platform is determined more by the gut feeling of IT leaders rather than hard data. However, once companies decide to move forward with a particular platform, they often forget to measure if these tall claims are true. Low-code/No-Code development platforms make a lot of promises lower costs, faster development, and fewer errors are just at the top of the list.