With the pressure to deliver new customer and employee digital experiences and adjust existing enterprise systems to cope with the market changes,\u00a0Forrester Research estimated<\/a>\u00a0that 75% of app development would use low-code platforms by the end of 2021.<\/p>\n
From increased\u00a0developer productivity<\/a>\u00a0to improved corporate agility and faster go-to-market,\u00a0low-code benefits<\/a>\u00a0are plentiful compared to the cost and time it takes to create software with traditional development approaches. But,\u00a0what is the quantified return on investment (ROI) of low-code platforms for your business?<\/strong><\/p>\n
What would you do differently if you found that:<\/p>\n
Let me unpack each of these three claims based on the\u00a02022 Forrester TEI(\u2122) study<\/a>.<\/p>\n
But first, a quick disclaimer: like any other software development technology, not all\u00a0low-code<\/a>\u00a0development platforms are created equal. Use cases, available features, developer experience, pricing model, even the targeted user can vary from platform to platform. So, the ROI of the different low-code platforms will also vary depending on several factors.<\/p>\n
This\u00a0TEI study<\/a>\u00a0is a Forrester Consulting analysis that evaluates the financial impact of adopting a technology. It considers the cost, benefits, flexibility, and risk factors that affect the investment decision.<\/p>\n
And here are the key findings.<\/p>\n
You can read the full\u00a0Total Economic Impact\u2122 (TEI) of OutSystems study here<\/a>.<\/p>\n
1. Cost Savings of 24%\u2014Up to $4.3 Million\u2014in\u00a0App Development\u00a0<\/strong><\/h3>\n
While organizations are dealing with a worldwide developer shortage, OutSystems customers are able to\u00a0maximize the productivity<\/strong>\u00a0of their existing dev teams and\u00a0boost collaboration<\/strong>\u00a0between business and dev to get software delivered more often, just like digital natives organizations.<\/p>\n
These development cycle savings can be 24% of customer total benefits, or up to 4.3 million dollars in the TEI study.<\/p>\n
Key high-performance low-code features that reduce developer effort and time include:<\/p>\n
\n
- Reusability:<\/strong>\u00a0dev teams accelerate software development by reusing prebuilt components available in the Forge (OutSystems marketplace) or by creating their own reusable components (\u201cthe more you build, the less you have to build\u201d);<\/li>\n
- One-click DevOps:\u00a0<\/strong>OutSystems automation capabilities allow to push new versions into production in minutes while eliminating manual, error-prone software development tasks. An OutSystems unique ability for this process is\u00a0TrueChange\u2122<\/a>, the automated services dependency analysis that guarantees app workflow deployment.<\/li>\n
- High-abstraction coding:\u00a0<\/strong>full-stack coding can be both high-level visual modeling for collaboration with business and low-level coding favored by pros like JS, C#, etc.<\/li>\n<\/ul>\n
2. Cost Savings of 7%\u2014Up to $1.2 Million\u2014in\u00a0Continuous App Evolution and Support<\/strong><\/h3>\n
Applications developed with OutSystems\u00a0cost less to maintain<\/strong>\u00a0and\u00a0change by design<\/strong>. The study also shows that these savings continue to accrue year-over-year. These savings are typically above 7% of customer total benefits and reached up to 1.2 million dollars in the TEI study.<\/p>\n
The fundamental high-performance low-code features for these benefits are similar to those listed in the previous point, namely:<\/p>\n
\n
- Reusability<\/li>\n
- Automation<\/li>\n
- Abstraction.<\/li>\n<\/ul>\n
<\/p>\n
As one of our customers presented to a large audience,<\/p>\n
\u201cThe more you build, the less you have to build.\u201d<\/em><\/p><\/blockquote>\n
Because the bigger share of new applications that you reuse and don\u2019t start from scratch.<\/p>\n
This point often escapes new users of traditional dev or regular low-code platforms, so it is highlighted by Forrester in the report as the Portfolio effect.<\/p>\n
3. Incremental Income of $4.6 Million from Faster Time-to-Market of\u00a0New Business Initiatives<\/strong>\u00a0(~26% of Total Benefits)<\/h3>\n
By improving the efficiency and productivity of their developer resources, OutSystems customers can\u00a0launch new and impactful business initiatives to the market faster<\/strong>, such as customer-facing capabilities, as highlighted by one of the interviewees.<\/p>\n
This way, organizations also reap the financial benefits of those initiatives months faster than they would with traditional development approaches.<\/p>\n
4. Cost Savings Amount to 38%\u2014Up to $6.7 Million\u2014From Faster Time-to-Value for\u00a0Operational Efficiency Initiatives<\/strong><\/h3>\n
With OutSystems, organizations can shorten the duration of development projects and launch internal initiatives that\u00a0improve the company\u2019s agility and efficiency<\/strong>\u00a0outcomes much faster.<\/p>\n
These initiatives include tools to replace manual and time-consuming activities, leading to cost savings of 6.7 million dollars.<\/p>\n
<\/p>\n
5. Cost Savings of $765,000 by\u00a0Replacing Legacy Applications<\/strong><\/h3>\n
Organizations can also save hundreds of thousands of dollars from ongoing vendor fees by using OutSystems to\u00a0build new applications\u00a0<\/strong>to replace legacy systems.<\/p>\n
Additional Unquantified Benefits: Security, Quality, Augmentation, and Mobile<\/h3>\n
In addition to the quantified benefits mentioned above, companies that adopt OutSystems high-performance low-code platform also reap other benefits included in the TEI study. These benefits were mentioned by OutSystems customers but not yet quantified:<\/p>\n
\n
- Improved scalability:<\/strong>\u00a0interviewees mentioned that they are able to scale applications faster and easier.<\/li>\n
- Systematic security checks:<\/strong>\u00a0organizations noted that they benefit from numerous security, access control, and authentication checks applied to every app created with the platform.<\/li>\n
- Greater development and corporate agility:<\/strong>\u00a0organizations that use OutSystems are able to move faster, but also the platform enables a more iterative approach to development that better support innovation, resulting in improved competitiveness and customer and employee satisfaction.<\/li>\n
- Higher-quality code:<\/strong>\u00a0interviewees noted that after adopting OutSystems, their dev teams made fewer bugs, security holes, and overall errors.<\/li>\n
- Ability to augment staff with non-traditional development talent:<\/strong>\u00a0organizations can also leverage staff with technical experience that didn’t come from traditional development backgrounds.<\/li>\n
- Simplified development of mobile applications:\u00a0<\/strong>OutSystems reduces the effort needed to deliver mobile capabilities, whether in conjunction with a desktop\/laptop application or as a freestanding mobile app.<\/li>\n<\/ul>\n
The ROI of High-Performance Low-Code vs. Competition<\/h2>\n
So many of the technical arguments can be justified with platform functionality, but the fundamental comparison question remains:<\/p>\n
“How does platform X compare to competitors in ROI terms?
\n<\/em><\/h2>\nAnd this is where OutSystems’ high-performance low-code platform leads the pack of the main platforms in the\u00a0low-code market<\/a>.<\/p>\n
\n <\/p>\n
NOTE:<\/em><\/strong>\u00a0This chart is based on the published TEI studies\u2014which you can google from the leading vendors in the low-code market, like Microsoft, Salesforce, Appian and similar, while observing the disclaimers placed in the research study.<\/em><\/div>\n<\/div>\n<\/figure>\nUpgrade Your Software Teams with High-Performance Low-Code<\/h2>\n
The TEI study reports that the OutSystems high-performance low-code platform\u00a0paid for itself in less than six months and delivered a 506% return on investment<\/strong>\u00a0over three years.<\/p>\n
You can\u00a0download the full study here.<\/a><\/p>\n
\n
- Burton<\/a>\u00a0saw a 10x ROI and cut development time by \u2153.<\/li>\n
- Worcestershire County Council<\/a>\u00a0that reaped a ROI of 442%.<\/li>\n
- Prosegur\u00a0<\/a>that accelerated its time to market by 50%.<\/li>\n<\/ul>\n
Source: OutSystems Blog<\/p>\n","protected":false},"excerpt":{"rendered":"
With the pressure to deliver new customer and employee digital experiences and adjust existing enterprise…<\/p>\n","protected":false},"author":1,"featured_media":2181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[136,137,123,138,139,140,125,127,130,132,141,142,143],"class_list":{"0":"post-2162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blogs","8":"tag-agility","9":"tag-automation","10":"tag-benefits-of-low-code","11":"tag-components","12":"tag-customer-story","13":"tag-developer-experience","14":"tag-developer-productivity","15":"tag-devops","16":"tag-legacy-systems","17":"tag-low-code-development","18":"tag-low-code-market","19":"tag-reusable-code","20":"tag-talent-shortage"},"yoast_head":"\n
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