Mid-sized corporations are turning to low-code/no-code platforms, examine finds

Almost half of small and medium companies (SMBs) say they use low-code/no-code (LCNC), in keeping with new analysis from Accenture.

Previous waves of IT democratization have already helped SMBs speed up their enterprise progress, optimize their operations, and compete with bigger rivals. It’s truthful to imagine LCNC could have an equal, if not bigger, influence on SMBs. At present, there are a rising set of examples of SMBs using LCNC to allow and simplify all the things from buyer acquisition to back-end operations and processes.

41% of the SMBs surveyed are utilizing LCNC platforms to create new person experiences, 37% are utilizing it to develop new customer-facing purposes, and 37% are utilizing it to develop new enterprise purposes.

That is important as a result of SMBs have historically struggled to draw digitally fluent workers, not to mention builders as this expertise is definitely snapped up by giant enterprises. In truth, one in 5 SMBs mentioned that their seek for a LCNC platform was pushed by the shortage of digital fluency within the office.

The flexibility to innovate via LCNC platforms yields important benefits for SMBs, together with larger enterprise agility (cited by 79% of SMBs), improved speed-to-market (56%) and better productiveness (53%). LCNC platforms can even assist SMBs overcome the restrictions of software-as-a-service (SaaS) and industrial off-the-shelf options (34%), in addition to keep away from vendor lock-in (20%).

Count on this development to speed up, as 56% of those SMBs plan to extend their weekly utilization of LCNC platforms relative to different enterprise software program. What’s extra, 58% of the SMBs that use LCNC right this moment anticipate their funding within the platform to extend.

Nevertheless, LCNC platforms nonetheless endure from a comparatively excessive churn charge. Round 20-25% of SMBs have stopped utilizing LCNC platforms that they’d beforehand bought primarily as a result of LCNC platforms nonetheless have some solution to go in understanding and addressing SMBs’ wants.

As an illustration, suppliers overestimate the significance of visible modeling and automating B2B interactions however underestimate the significance of value financial savings and person interfaces — components that considerably affect SMBs’ buying choices.

Quantitative evaluation consists of n=458 US-based respondents from a mixture of organizations (40% <1,000 workers, 34% 1,000-4,999 workers, 26% >5,000 workers) throughout 10 industries. Respondents both work for a company that develops a low-code/no-code platform (49%), makes use of a low-code/no-code platform (31%), or helps/permits a low-code/no-code platform (20%).

Learn the full report by Accenture.