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How enterprise software teams are unlocking the value of low code to adapt and scale

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Internal low-code development platforms empower collaboration at scale, accelerate software delivery, and establish an enterprise-wide culture of innovation.

Change is the only constant in the fast-paced world of enterprise technology. Businesses face growing pressure to innovate and adapt as customer expectations evolve and disruptive new solutions enter the market. Thus, agility has become a necessity in everything from software development to digital transformation.

Most IT and business stakeholders are well aware of this fact. 95% of business leaders believe that technological innovation in strategic business initiatives add value. They realize that IT is no longer a mere cost center, but a key driver of revenue and growth. They understand that being able to respond quickly to change is vital for staying relevant in today’s market.

Unfortunately, there remains a serious misalignment between perception and reality. Almost two-thirds of business stakeholders claim that their IT departments implement fewer than half of their proposed solutions. Solutions that are implemented tend to go over budget and over time which, in turn, has led to a significant rise in uncontrolled shadow IT.

This begs the question of how many potentially value-adding innovations never saw the light of day because software teams lacked the technical skills and budgets to develop them. After all, traditional software development is costly and time-consuming and requires technical expertise across a broad range of domains from coding to user experience design.

Business processes need to be regularly modified and customized to best respond to change, which means that software teams need to be flexible and agile. They must be able to work quickly to keep up. But rather than face the constant risk of burnout and rising technical debt, they must be empowered by agile leadership, the right tools, and a collaborative company culture.

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What Is The Difference Between ISV and COTS?

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As digital technology continues to evolve, cloud-based technology and computing processes are being increasingly integrated into modern day-to-day business processes. Studies have shown that 50% of enterprises spend more than $1.2 million on cloud-based services annually.

An Independent Software Vendor (ISV) is defined as a software publisher that generates, develops, and distributes commercial software through licensing agreements. These commercial agreements may either be one-time licenses or time-interval-based subscription plans. ISV companies retain all ownership and intellectual property rights.

Commercial-Off-The-Shelf (COTS) software is defined as commercially available packages software that is ready-made and instantly available for the use of the general public and other interested parties. COTS software is commercially produced and distributed to users and does not require any modification.

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Is a Spreadsheet The Best Tool To Organize Work?

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As our modern business landscape continues to shift, today’s organizations have more responsibilities and day-to-day tasks than ever before. Therefore, organized documentation and effective task management are extremely vital aspects of operating any successful organization.

However, this can be time-consuming, impractical and can ultimately lead to potentially disastrous human errors if performed manually. According to The Wall Street Journal, executive-level employees in the United States spent approximately six weeks per year retrieving misplaced information.

Therefore, it is very useful for modern businesses to take advantage of the various advantages of digital spreadsheets to organize personal and organizational data.

Your business can utilize spreadsheets to highlight important data, utilize pre-made documentation templates, sort data according to specific factors, use multiple different spreadsheets in the same file and use automatic mathematical functions to avoid the possibility of human error.

Planet Crust’s CRM Suite can help users automate workflow processes, build cloud-based centralized calendars, create customizable enterprise software, and much more.

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What Are ISV Companies?

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As our modern business landscape continues to become more digital-software focused, the presence of Independent Software Vendors (ISV) is becoming more and more prevalent. An ISV is defined as a company or software publisher that specializes in the creation and distribution of software by licensing agreements with organizations and individual users. However, the ISV retains ownership of all licensed property.

The ISV industry is expected to reach a market value of approximately $408.15 million by 2026. Large organizations such as Microsoft, Apple, IBM, Google, and Oracle that create these platforms provide support and encouragement to ISV companies through specialized ISV partnership programs.

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Is Low-Code Stable Over Time?

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Low-code is a visual approach to enterprise application development that enables people with little to no programming experience to produce powerful, high-functioning applications.

Low-code technology enables users to take advantage of visual editors, drag-and-drop tools, on-screen guidance, and much more to create powerful custom-made applications. It democratizes the way the app-development industry functions by giving power to those with little technical knowledge. This contributes to overall stability not only in the software sector where the skilled-personnel shortage is frequent.

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What Does an ISV Do?

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An Independent Software Vendor (ISV) is defined as any organization or enterprise software publisher that exclusively specializes in creating and distributing software that runs on a minimum of one hardware or operating system to enterprises or individuals through commercially licensed agreements.

However, the ISV retains all property and intellectual rights to the enterprise software. These commercial licenses can either be user subscription-focused or time interval-based.

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