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How Can Low Code Fast-track Your Digital Transformation Journey?

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By Ashok Kapoor

This is the era of convenience. Remember the time before the internet? Booking a holiday was a journey in itself! The entire process used to be extremely time-consuming and frustrating, from searching for reliable travel agencies, navigating through busy phone lines, and leafing through printed materials to booking the holiday in person. Thanks to the Internet, the holiday booking process has become easier, and travelers can now book holidays swiftly and without assistance.

Wouldn’t it be nice if organizations, too, could add convenience to their digital transformation (DX) strategy? A reliable technology that could simplify and accelerate their digital transformation journey to empower employees and satisfy customers?

The DX Delusion and the Way Out

Digital transformation is on top of every organization’s agenda, but the success rate for these initiatives is surprisingly low. Various studies show an average fail rate of 87.5% in organizations when it comes to meeting their original digital transformation objectives.

We call this digital transformation (DX) delusion, where organizations tend only to digitize their front-end processes. However, when we look at long-running processes, these operations running in the background remain largely manual and often overlooked. Adding to this, a complex architectural stack of legacy infrastructure, long development cycles, traditional application development, and inadequate governance are other factors that prevent organizations from achieving their desired results. To succeed with digital transformation, organizations require an adequate number of developers, but acquiring this level of manpower can be quite a challenge.

This is where low code steps in to help! With low code platforms, organizations have the potential to bring significant changes and give a boost to their digital transformation journey without investing in additional resources.

Get Low Code, Get Convenience to Fast-track Your Digital Transformation Journey

A successful digital transformation initiative requires agility. With low code, enterprises can rapidly develop and deploy enterprise-wide applications and speed up go-to-market. From simple to complex, low code can be instrumental in developing a wide variety of applications for industries, be it service requests, customer onboarding, and loan origination, to underwriting and many more.

Let’s have a look at how low code can turbocharge your digital transformation journey:

  1. Accelerates Pro-Grade Development: Powered by automation functionality, organizations can speed up pro-grade development through modeling-driven, abstraction-oriented modular development
  2. Catalyzes Change with Traceability: Organizations can ensure the long-term sustainability of applications by tracing them
  3. Rationalizes Application Portfolio: The introduction of multiple-point solutions to the mix can be entirely avoided by leveraging the low code platform to develop applications with its own capability
  4. Enable Agile and Continuous Integration: Low code can help organizations seamlessly integrate with all business applications, databases, backend workflows, content repositories, and other systems
  5. Enhance Governance and Shadow IT: Organizations can reduce the dependence on third-party applications and reduce shadow IT through central governance and visibility
  6. Faster Deployment: Comprehensive DevOps tools can streamline application development, all while delivering features, timely updates, and bug fixes

Boarding the Digital Transformation Journey

Just as the internet made easy holiday booking for users, low code platforms can equip organizations with the ability to develop business applications at speed, automate manual processes, modernize mission-critical legacy systems, and more. Low code involves minimal coding, and its capabilities, such as drag-and-drop elements, intuitive interfaces, and pre-built templates, support enterprises with faster developments, quick innovation, more experimentation, and rapid development. By considering a robust low-code platform, organizational leaders can avoid the false sense of digital transformation and instead bring meaningful and positive results to their business.

 

(The writer is Vice President, Banking Product Management, Newgen Software, and the views expressed  in this article are his own)