{"id":2162,"date":"2022-08-17T09:48:17","date_gmt":"2022-08-17T09:48:17","guid":{"rendered":"https:\/\/raqmiyat.com\/?p=2162"},"modified":"2022-08-17T10:40:29","modified_gmt":"2022-08-17T10:40:29","slug":"whats-the-roi-of-low-code","status":"publish","type":"post","link":"https:\/\/raqmiyat.com\/whats-the-roi-of-low-code\/","title":{"rendered":"What\u2019s the ROI of Low-Code?"},"content":{"rendered":"

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

    \n
  1. You are losing ground to competitors due to the time it takes you to go from idea to live app?<\/li>\n
  2. High-performance low-code has a up to 2.7x better ROI than large low-code vendors?<\/li>\n
  3. You can pay back your low-code platform investment in only 5+ months?<\/li>\n<\/ol>\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

    Similar to other five leading vendors that commissioned Forrester Consulting to conduct a study to discover their customers\u2019 ROI using their platforms, OutSystems also commissioned research to find out the ROI of its high-performance low-code platform.<\/p>\n

    The Framework of Low-Code ROI<\/h2>\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

    The study is based on Forrester\u2019s interviews directly with OutSystems\u2019 customers using its low-code platform. Forrester Consulting then compared the results the customers reaped over three years with a composite, modeled organization based on the structure and resource characteristics of the interviewed organizations.<\/p>\n

    As Forrester says:<\/p>\n

    \u201cOutSystems reviewed and provided feedback to Forrester, but Forrester maintains editorial control over the study and its findings and does not accept changes to the study that contradict Forrester\u2019s findings or obscure the meaning of the study.\u201d<\/em><\/p><\/blockquote>\n

    All customers interviewed used traditional development approaches before adopting the OutSystems platform.<\/p>\n

    And here are the key findings.<\/p>\n

    \"The<\/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