{"id":83207,"date":"2022-11-24T06:00:00","date_gmt":"2022-11-23T23:00:00","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=83207"},"modified":"2022-11-24T08:19:25","modified_gmt":"2022-11-24T01:19:25","slug":"whats-the-roi-of-low-code","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/whats-the-roi-of-low-code\/","title":{"rendered":"What\u2019s the ROI of Low-Code?"},"content":{"rendered":"\n

With the pressure to deliver new customer and employee digital experiences and adjust existing enterprise systems to cope with the market changes, Forrester Research estimated<\/a> that 75% of app development would use low-code platforms by the end of 2021.<\/p>\n\n\n\n

From increased developer productivity<\/a> to improved corporate agility and faster go-to-market, low-code benefits<\/a> are plentiful compared to the cost and time it takes to create software with traditional development approaches. But, what is the quantified return on investment (ROI) of low-code platforms for your business?<\/p>\n\n\n\n

The Framework of Low-Code ROI <\/h3>\n\n\n\n

This OutSystems\u2019 Total Economic Impact (TEI) study<\/a> is 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\n\n\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\n\n\n

Cost Savings of 24%\u2014Up to $4.3 Million\u2014in App Development <\/h3>\n\n\n\n

While organizations are dealing with a worldwide developer shortage, OutSystems customers are able to maximize the productivity<\/strong> of their existing dev teams and boost collaboration<\/strong> between business and dev to get software delivered more often, just like digital natives organizations.<\/p>\n\n\n\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\n\n\n

Key high-performance low-code features that reduce developer effort and time include:<\/strong><\/p>\n\n\n\n

Reusability: <\/strong>dev 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);<\/p>\n\n\n\n

One-click DevOps: <\/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 TrueChange\u2122<\/a>, the automated services dependency analysis that guarantees app workflow deployment.<\/p>\n\n\n\n

High-abstraction coding:<\/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.<\/p>\n\n\n\n

Cost Savings of 7%\u2014Up to $1.2 Million\u2014in Continuous App Evolution and Support<\/h3>\n\n\n\n

Applications developed with OutSystems cost less to maintain and change by design. 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\n\n\n

The fundamental high-performance low-code features for these benefits are similar to those listed in the previous point, namely:<\/p>\n\n\n\n