Businesses today are deploying LCNCs to create value and drive innovation across sectors. These software development environments enable people with little or no professional coding experience to build and modify applications, allowing enterprises to deliver new capabilities quickly and easily on demand without having to rely on their IT teams. In fact, Oracle has been recognized as a Customers’ Choice in the 2022 Gartner® Peer Insights™ ‘Voice of the Customer’: Enterprise Low-Code Application Platforms for Oracle APEX.
Oracle APEX is a low-code development platform that enables you to build scalable, secure enterprise apps, with world-class features, that can be deployed anywhere. Our mission is to empower all developers, citizen or professional, to easily build apps with superior functionality, performance, and end-user experience. To deliver on this mission, Oracle APEX aims to eliminate the complexities of developing and deploying enterprise apps, so customers can concentrate on solving business problems.
Additionally, adoption of these platforms can also help address the skills gap in the IT industry as it allows organizations to go beyond their traditional pool of technology talent. Mr. P Saravanan, Vice-President, Cloud Engineering, Oracle India shares more insights on the same.
What are the factors driving the adoption of LCNCs?
Low-code/no-code (LC/NC) platforms have become exponentially efficient and important today given the rise in demand from across all major sectors. The primary reason behind the importance of these platforms isn’t just about empowering the developers to create apps but also that they ensure a quick and efficient resolution of issues which would otherwise take much longer. By leveraging this, developers are able to invest the time in much more critical tasks and innovate for better overall results. To support the rise of LC/NC platforms, a report by NASSCOM suggests that the global LC/NC industry is expected to grow at a CAGR of 28.1% from 2021 to 2025. This research points towards the acceptance of the platform because of its various uses. Additionally, LC/NC platforms are for users beyond just developers considering it allows people with limited technical know-how to develop significant apps.
How can LCNCs help accelerate enterprise innovation?
Enterprises in every sector are realising the importance of digitization. They are evolving their digitization initiatives to support not just scalability but also business resilience. During this, their primary goals remains to want to build application without any delays. Therefore they are increasingly relying on innovative solutions like low-code/no-code (LCNC) platforms which requires limited technical know-how and allows organisations across sectors to easily create their own applications without much technical knowledge. This ease of access has made LCNC platforms the go-to for businesses to ensure innovation within their organization that is efficient and beneficial for the overall business agenda.
How can enterprises use LCNCs to bridge the IT skills gap?
As LCNC platforms gain momentum, this trend has also given birth to ‘citizen developers’ which has been the key for many organisations to bridge their IT skills gap. According to Forbes, software engineering employment will increase by 22% by 2029. This significant number demonstrates the rise in demand of software engineers which will eventually require alternate means. This is where options like citizen developers will be required for the demand to be effectively met. Additionally, most developers today too, rely on LCNC platforms to quickly find effective solutions and focus majority of their time on important business problems. Citizen developers, as a concept will hold key importance going forward and will allow for businesses to innovate efficiently.
What are Oracle’s capabilities in low-code/no-code?