Your organization is being squeezed at all levels. Your IT department is no exception as it looks for creative ways to cut costs while dealing with growing application backlogs. One way forward? Low-code. In this blog, Microsoft GM Richard Riley looks at research showing how low-code empowers IT to rapidly build technical solutions and streamline data insights while lowering costs. Read the blog for insight and to learn where Microsoft Power Platform fits in.
What is low-code and how does it benefit IT departments?
Low-code is a development approach that allows IT departments to quickly build technical solutions and streamline data insights while reducing costs. In 2023, as organizations face economic pressures and a growing application backlog, low-code platforms enable IT teams to meet stakeholder demands more efficiently. According to a survey, 89% of CIOs and IT professionals find low-code effective in increasing efficiency, making it a valuable investment for modern IT departments.
How does low-code address the developer shortage?
Low-code platforms help organizations tackle the developer shortage by allowing non-technical users to create applications, thereby reducing the reliance on professional developers. As predicted by IDC, 750 million new apps need to be built by 2025, but there aren't enough developers to meet this demand. Low-code solutions can close this app gap by extending existing capabilities and modernizing legacy applications, which 87% of CIOs and IT pros say is very useful for their organizations.
What are the cost-saving benefits of low-code?
Low-code platforms can lead to significant cost savings by increasing developer efficiency and reducing the need for third-party solutions. A study found that Power Platform and Azure helped reduce costs by 24% due to improved efficiency. Additionally, low-code solutions eliminate manual processes and increase user productivity, further driving down costs. For example, EY's PowerPost app reduced document processing lead time by 95% and is expected to lower existing costs by 30%.
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