Market Impact Report

The low-code imperative is crucial to bring speed and agility to software-driven outcomes

Home » Research & Insights » The low-code imperative is crucial to bring speed and agility to software-driven outcomes

Low-code development continues to change how we create, automate, and deliver competitive advantage with software. In our study with Infosys, HFS found companies are better equipped to accelerate the software development lifecycle by harmonizing their low-code efforts with their IT services partners. After surveying 200 business and technology decision-makers about their usage, challenges, and outcomes of low-code, we identified five important takeaways:

    • Accelerated development and broadened accessibility
      Low-code technology significantly reduces development time and makes software development accessible to both professional software developers and non-technical users. This democratization of development processes accelerates deployment and fosters innovation within enterprises.
    • Shifting focus from cost to innovation
      Enterprises are increasingly leveraging low-code technologies to cut costs and drive innovation. This shift positions low-code as a strategic tool for enhancing business agility and responsiveness to market demands.
    • Generative AI enhances productivity
      Integrating GenAI with low-code software development further automates routine coding tasks, improves error detection, and aids in code documentation. Adding GenAI to their use of low-code boosts developers’ ability to focus on more complex and creative aspects of development, improving overall productivity and engagement.
    • Critical need for education and training
      Successful adoption of low-code and GenAI technologies depends on comprehensive education and training programs for IT and business users. Ensuring users understand these technologies and how to leverage them effectively is crucial for maximizing their benefits.
    • Anticipated growth in adoption
      Over the next year, significant growth will occur from adopting low-code and GenAI technologies as part of a modern software development lifecycle (SDLC). For enterprises, mastering these technologies is imperative for staying competitive, driving innovation, and enhancing their software development capabilities. Robust support systems, including internal IT teams and external service providers, are also essential to support this growth.
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