Building Business Resiliency with Low-Code
One of the main drivers behind the shift towards digital transformation is an accelerated pace of business change. Due to this, businesses are starting to focus more on how they can keep responding to changes and become more resilient. IDC has predicted that by the end of next year, the need to strengthen digital resiliency will drive 30% of spending on IT and business services.
In order to build increased resiliency, Gartner has identified three key areas involved in shaping the future of applications. These are: composable enterprises, fusion teams, and democratized technology.
Building a Composable Enterprise
A composable enterprise is one that can deliver on business outcomes and adapt to the pace of business change through the assembly of packaged business capabilities. Organisations with high composability responded better to the COVID-19 pandemic. They are faster in pursuing new opportunities and offering innovative products. They are also more responsive to customers. According to Gartner, by 2024 80% of CIOs will list modular business redesign, through composability, as a top 5 reason for accelerated business performance.
A composable enterprise requires a new mindset, shifting from stability towards flexibility in the face of ongoing change. Composable enterprises also require a new approach to software, which involves composing and assembling applications from software components.
Implementing Fusion Teams
Fusion teams are multidisciplinary teams that involve technology and business professionals. These teams are organised by business capabilities or customer outcomes, and they work together to achieve common business objectives. Currently, 84% of large and midsize companies have implemented fusion teams.
The use of fusion teams enables faster, safer, and more effective innovation. Organisations that effectively bring IT and business teams together are also better positioned to respond to disruptions. However, to be successful fusion teams require technology that enables them to effectively work together.
Accelerating Development with Low-Code
With the increasing demand for more software, IT departments are unable to handle the workload with current tools. That’s why software engineering, which is highly process-driven, now needs better tools that simplify and accelerate the software development lifecycle.
Low-code platforms promote collaboration between business and IT professionals by giving IT professionals a tool that supports rapid prototyping. They support a “fail fast, fail cheap” approach, which is ideally suited to small- and medium-sized businesses that want customized or tailored solutions, without having to invest in expensive off-the-shelf systems. “Fail fast, fail cheap” also means that developers can quickly turn business professionals’ ideas into working software, and make adjustments quickly. As a result, low-code platforms enable organisations to build software in-house, refactor legacy solutions and react faster to changes and emerging opportunities.
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TL; DR: Building Business Resiliency with Low-Code
Low-code instils a “fail fast, fail cheap” mindset into software engineering. Rather than creating software entirely from scratch, developers can quickly turn business professionals’ ideas into working pieces of software. Together with fusion teams and the idea of a composable enterprise, this can increase business resiliency.
