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Practically half of small and medium companies (SMBs) say they use low-code/no-code (LCNC), based on new analysis from Accenture.
Previous waves of IT democratization have already helped SMBs speed up their enterprise progress, optimize their operations, and compete with bigger rivals. It’s honest to imagine LCNC can have an equal, if not bigger, affect on SMBs. Right now, there are a rising set of examples of SMBs using LCNC to allow and simplify the whole lot from buyer acquisition to back-end operations and processes.
41% of the SMBs surveyed are utilizing LCNC platforms to create new consumer experiences, 37% are utilizing it to develop new customer-facing purposes, and 37% are utilizing it to develop new enterprise purposes.
That is vital as a result of SMBs have historically struggled to draw digitally fluent workers, not to mention builders as this expertise is well snapped up by giant enterprises. Actually, one in 5 SMBs mentioned that their seek for a LCNC platform was pushed by the shortage of digital fluency within the office.
The power to innovate by means of LCNC platforms yields vital advantages for SMBs, together with higher enterprise agility (cited by 79% of SMBs), improved speed-to-market (56%) and better productiveness (53%). LCNC platforms also can assist SMBs overcome the constraints of software-as-a-service (SaaS) and industrial off-the-shelf options (34%), in addition to keep away from vendor lock-in (20%).
Anticipate this development to speed up, as 56% of those SMBs plan to extend their weekly utilization of LCNC platforms relative to different enterprise software program. What’s extra, 58% of the SMBs that use LCNC at present count on their funding within the platform to extend.
Nevertheless, LCNC platforms nonetheless endure from a comparatively excessive churn price. Round 20-25% of SMBs have stopped utilizing LCNC platforms that they’d beforehand bought primarily as a result of LCNC platforms nonetheless have some technique to go in understanding and addressing SMBs’ wants.
As an illustration, suppliers overestimate the significance of visible modeling and automating B2B interactions however underestimate the significance of price financial savings and consumer interfaces — components that considerably affect SMBs’ buying selections.
Quantitative evaluation contains n=458 US-based respondents from a mixture of organizations (40% <1,000 staff, 34% 1,000-4,999 staff, 26% >5,000 staff) throughout 10 industries. Respondents both work for a corporation that develops a low-code/no-code platform (49%), makes use of a low-code/no-code platform (31%), or helps/allows a low-code/no-code platform (20%).
Learn the full report by Accenture.
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