Understanding The Growth And Risks Of Low-Code/No-Code Solutions
- by 7wData
At the end of every year, leading cybersecurity companies place their bets on what the biggest threats will be the following year.
Looking ahead to 2023, hackers will, of course, continue to become more advanced, and we'll surely see more breaches. But, the big threats we're betting on are the ones that stem from requiring a hyper-connected enterprise, one, in particular, being low-code/no-code integration platforms.
As the digital workforce continues to expand, app integrations have proven to be a necessity to the business, making the organization operate faster and more efficiently. Specifically, low-code/no-code tools are predicted to be one of the main application platforms in over 50% of all medium- and large-sized organizations to automate and integrate processes that were once manual. While this has led to incredible leaps in productivity and employee satisfaction, it also presents new vulnerabilities as these new low-code/no-code tools create ungoverned connections between the organization's core systems and third-party applications.
The worldwide developer shortage is nothing new, but it is escalating. IDC predicts that the need for full-time developers will increase from 1.4 million in 2021 to 4 million in 2025. Despite the need for qualified talent, businesses must still meet their growth and revenue goals. That means an increased demand for tools and processes that can maintain efficiency and output.
Citizen developers—a non-specific role that creates application capabilities for the organization—and the demand for low-code/no-code platforms aim to offer a solution. With integration platform tools, it's a no-brainer for citizen developers to integrate and automate business processes that connect critical systems and third-party apps. The breadth of tools that fall within the category is quite extensive and even encompasses platforms like Salesforce, making way for the dedicated profession of Salesforce Developers.
Information Services Group (ISG), a global technology and research and advisory firm, cites that despite the worldwide market for low-code/no-code development platforms still being in its infancy, the market is valued at nearly $15billion already and expected to quadruple in the next five years. The report depicts benefits that span speed, convenience and cost, showing that low-code/no-code tools allow 70% cost savings and set-up times as quick as three days, compared to full-scale IT modernization, which can take one to two years. So, it's not surprising to learn that 66% of developers either already use no-code or plan to do so in the next year.
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