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Nearly half of little and medium companies (SMBs) say they use low-code/no-code (LCNC), according to new investigation from Accenture.
Past waves of IT democratization have currently helped SMBs accelerate their enterprise development, optimize their operations, and compete with bigger rivals. It is fair to assume LCNC will have an equal, if not bigger, influence on SMBs. Today, there are a increasing set of examples of SMBs employing LCNC to allow and simplify all the things from buyer acquisition to back-finish operations and processes.
41% of the SMBs surveyed are making use of LCNC platforms to generate new user experiences, 37% are making use of it to create new buyer-facing applications, and 37% are making use of it to create new enterprise applications.
This is important simply because SMBs have traditionally struggled to attract digitally fluent employees, let alone developers as this talent is quickly snapped up by significant enterprises. In truth, one in 5 SMBs stated that their search for a LCNC platform was driven by the scarcity of digital fluency in the workplace.
The potential to innovate by means of LCNC platforms yields important added benefits for SMBs, like higher enterprise agility (cited by 79% of SMBs), enhanced speed-to-market place (56%) and greater productivity (53%). LCNC platforms can also support SMBs overcome the limitations of computer software-as-a-service (SaaS) and industrial off-the-shelf options (34%), as nicely as stay clear of vendor lock-in (20%).
Expect this trend to accelerate, as 56% of these SMBs program to raise their weekly usage of LCNC platforms relative to other enterprise computer software. What’s more, 58% of the SMBs that use LCNC today anticipate their investment in the platform to raise.
However, LCNC platforms nevertheless endure from a somewhat higher churn price. Around 20-25% of SMBs have stopped making use of LCNC platforms that they had previously bought mainly simply because LCNC platforms nevertheless have some way to go in understanding and addressing SMBs’ desires.
For instance, providers overestimate the value of visual modeling and automating B2B interactions but underestimate the value of expense savings and user interfaces — elements that substantially influence SMBs’ getting choices.
Quantitative evaluation contains n=458 US-based respondents from a mix of organizations (40% <1,000 staff, 34% 1,000-4,999 staff, 26% >5,000 staff) across 10 industries. Respondents either work for an organization that develops a low-code/no-code platform (49%), utilizes a low-code/no-code platform (31%), or supports/enables a low-code/no-code platform (20%).
Read the complete report by Accenture.