Low-code addresses the fast-paced go-to-market needs of accelerating digital

In mid-2021, HFS partnered with Infosys to survey 150 professionals involved in adopting low-code and no-code solutions. Five themes emerged indicating how successful enterprises can adopt low-code solutions:

• A “need for speed” is accelerating low-code adoption. Ninety-five percent (95%) of enterprises surveyed have either adopted or are trialing low-code or no-code solutions. The need to respond and develop quickly for changing business needs is the primary demand driver.
• IT spending on low-code development is likely to double in the next three years. In the next three years, investments in low-code development platforms will grow from less than 10% to nearly 25% of software budgets. Spending will shift from Microsoft, Oracle, Salesforce, and SAP to firms like Appian, Agilepoint, Kintone, Unqork, and Betty Blocks.
• The “no-code” in low-code/no-code is a misnomer. While low-code adoption is about simplicity, it still requires investments in training. Among decision makers for investment in low-code development, 62% cited training as the most significant adoption inhibitor.
• A OneOffice™ mindset is a critical success factor to drive low-code success. In addition, low-code development requires strong IT and business collaboration. From an investment perspective, software teams drive 62% of low-code investments.
• Low-code adoption is a driver, not a death knell, for IT services. However, services partners must bring business and design skills to support adoption. Enterprises expect partners to play an essential role in the adoption of low-code solutions; these include business consulting (79%), software development (76%), and data management strategies (69%).