64% of organizations are still sorting out how to evolve their governance framework!

HFS asked 150 Global 2000 enterprise decision makers an open-ended question about where their organizations are in setting up a governance framework around low-code development. The data highlights an overall lack of preparedness:

• Sixty-four percent (64%) of respondents said the evolution of the governance framework is underway in their respective organizations.
  HFS advises them to get going on designing a user-friendly framework that encourages innovation, collaboration, and delivery. Use your app COE to ensure that low-code solutions are intended for managing risks, ensuring quality, maintaining consistency, achieving compliance, fostering collaboration, addressing scalability issues, and optimizing resources.

• Thirty-six percent (36%) of respondents said they have set up a dedicated governance framework that sets overarching standards for low-code development.
  HFS advises enterprise decision makers to establish governance early in the adoption process to mitigate potential risks and ensure consistency. By proactively setting up governance, organizations can foster a structured approach to low-code development from the outset, promoting long-term success and minimizing the need for retrospective adjustments.

The Bottom Line: Low-code isn’t new, yet 64% of firms told us they are still developing governance frameworks for low-code development. This is holding back their ability to improve employee and customer experiences!

Establishing a dedicated governance framework for low-code development is pivotal to ensuring quality, security, and compliance. A governance framework manages risks, enhances collaboration, and ensures scalability. From lifecycle management to audit and adaptability, it addresses crucial aspects, making it indispensable for success in low-code development.