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How To Use Low-Code For API-Centric Development

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Low-code is defined as a visual software development approach that facilitates faster application delivery with minimal manual coding. A low-code platform’s graphical user interface and drag-and-drop capabilities can help automate various elements of the development process, hence removing dependence on conventional software programming approaches.

An Application Programming Interface (API) allows businesses to expose data and functionality of their enterprise applications to third-party software developers, business partners and various departments within their organization. A visual interface enables services, solutions and data systems to easily interact with one another and leverage organizational data and functionality.

Low-code can enable citizen developers and business technologists with little to no traditional coding experience or knowledge of API solutions to take advantage of the various benefits of API-centric enterprise application development. Studies have shown that approximately 90% of developers are currently using APIs in some capacity. API usage has skyrocketed in the last decade, to a point where citizen developers and business technologists can now take advantage of low-code application development to create high-functioning API-centric solutions.

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How Financial Services Can Use Low-Code To Overcome Market Challenges

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Financial services comprise a wide range of activities that help an economy function smoothly. Functions of the financial services sector include deployment, raising, lending, and borrowing of funds, monitoring credit ratings, underwriting, merchant banking, and much more.

Financial institutions follow rigid operational structures and have many security measures in place. However, the dynamic nature of the current global business landscape and changing consumer demographic for banks continue to bring new challenges to the financial sector.

Therefore, the financial services industry needs to constantly evolve and develop to tackle various market challenges. Low-code platforms allow finance officials to build applications that can help them tackle challenges like security breaches, dynamic compliance procedures, changing business models, customer retention issues, and the need for continuous innovation.

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What are the best practices for building enterprise applications?

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Enterprise applications are defined as software systems that are designed to help organizations coordinate, manage and oversee the functioning of various business processes and workflows. Studies have shown that the global enterprise application industry is expected to reach a market value of $527.4 billion by the year 2030, with a CAGR (Compound Annual Growth Rate) of 8.2%.

Powerful enterprise applications are a crucial aspect of any successful organization. However, the development cycle of enterprise applications can be extremely time-consuming and can also result in a substantial amount of wastage of organizational resources if not closely monitored. Significant delays and wastage of resources during the development cycle may even ultimately negate the prospective profitability of an enterprise application.

Therefore, modern businesses must be aware of certain best practices for building and developing enterprise applications.

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How To Combine Low-Code With Agile To Improve Your Business

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Low-code is a visual approach to software development that requires minimal or even no coding to build powerful enterprise applications and process automations. Instead of complex coding languages, a low-code development platform employs the use of visual interfaces with simple logic and drag-and-drop editors.

Agile was introduced several years before low-code. It was such a game-changing approach to application development that it’s no surprise that the core principles of Agile are currently mirrored in low-code platforms.

Businesses that utilize both Agile and low-code have the advantage of implementing new applications and processes quickly, giving them an edge over their competitors by anticipating market trends and demands. A recent study conducted by Gartner reveals that approximately 65% of all application development activity will be a result of low-code applications by the year 2024.

Low-code platforms enable citizen development teams within large enterprises to meet their enterprise application needs without needing to turn to the software developement department, allowing those software departments to complete complex business processes much more quickly and efficiently, thus increasing overall organizational productivity.

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Which Types Of ISVs Are Benefiting From Modern App Development Approaches?

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With the evolution of digital technology and digital software, innovative solutions are continuously being integrated into a wide variety of modern day-to-day business functions. Which company does not desire an application that is tailor-made to suit their needs?

Consequently, ISV companies have been faced with an unprecedented demand for custom-built software. Therefore, it is crucial for ISVs to consistently adapt to growing demands for custom-built software.

However, it can be extremely difficult for ISV companies to adapt to changing consumer expectations and market trends using traditional application development approaches. Development, testing, and maintenance of custom-built applications is not only time-consuming, but a process that requires ample manpower, infrastructure, and strategic planning.

Even if developers do everything right, unprecedented needs for modification can always arise in software owing to erratic market trends and evolving infrastructure in various industries. Therefore, ISV companies must ensure that they are consistently evolving their application development strategies to facilitate digital transformation and product development.

To tackle the high-demand and unpredictable needs of the customers, ISVs should develop a proactive approach toward software development. With the adoption of agile development methods and modern app development practices, ISVs can easily increase their output efficiency and significantly decrease their technical debt.

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What Types Of Apps Can You Build With a Low-Code Platform?

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Custom-made applications are all the rage in the business world right now. Instead of going with standard fit-for-all software, companies now prefer tailor-made applications that suit their needs. It stands to reason, then, that the creators and contributors of these apps should be the very people who will be using them. This is where low-code platforms come in.

A low-code development platform, or LCDP, allows people with minimal training and coding knowledge to create function, complex apps. Various sectors have now adopted LCDPs to create industry-specific management software.

Low-code platforms can be used to create almost every type of organizational application including process management, human resource management, customer engagement, customer relationship management, security systems, operational efficiency apps, and more.

From improving day-to-day operations to optimizing the standard processes of the workplace, apps made through low-code can significantly help in increasing the overall efficiency of an organization.

Let us discuss a few popular use-cases of low-code in various industries today.

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How To Use Low-Code To Speed Up Innovation In Financial Services

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Financial services form the backbone of the world economy. Most organizations require the assistance of banks to launch and carry on their operations.Ensuring efficiency and accuracy in all operations of finance services hence becomes imperative not just for individuals but for the economy as a whole.

As rapid innovations in digital technology and low-code solutions continue to evolve at an exponential rate, it is crucial for modern businesses to understand the significance of speeding up innovation in various financial services.  It has been proven that organizations that prioritize the acceleration of software development and innovation have been proven to experience significantly higher competitive advantage over their counterparts that don’t.

However, innovation in financial services can be an extremely difficult process due to a lack of financial and human resources, competent digital systems and time. Furthermore, many financial institutions are often so focused on meeting short-term goals that long-term innovation seems impractical and unrealistic. However, low-code technology may be able to help financial institutions speed up innovation in financial services.

A recent study conducted by Microsoft anticipates that 450 million out of the 500 million applications that are expected to be developed and distributed over the course of the next 5 years will be created using low-code platforms. Therefore, the rise of low-code technology presents an extremely valuable opportunity for modern businesses.

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What are the three steps of low-code app development?

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Gone are the days when traditional coding was the be-all and end-all of app development. Today, with low-code, anyone can build apps from scratch with just a little coding knowledge.

Low-code is a visual app development technology that uses pre-built modules and drag-and-drop editors to facilitate app development. Low-code reduces the time it takes to develop a platform by letting developers focus on complex coding areas.

Low-code platforms can potentially bring down development times by almost 90%. Low-code also encourages citizen development which is a low-cost alternative to traditional app development.

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How to choose a rapid application development platform

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A rapid application development (RAD) platform should support visual software development, easy maintenance, and facilitate seamless team collaboration.

There are two main factors that drive any successful digital transformation: adaptability and speed. Most organizations need custom software to tackle the need for adaptability since off-the-shelf software is rarely likely to address the unique needs of individual enterprises. At the same time, software development is, traditionally, a slow and cumbersome process, where projects can take months or even years to complete, hence the need for a faster solution.

The need for speed goes hand-in-hand with the need for adaptability in an era of rapid change, where technology is constantly evolving and the demands of employees and customers are evolving with them. These factors combine to make rapid application development, or RAD a necessity in today’s enterprises. In this article, we will explain what RAD is (and what it isn’t) and how to choose the right platform for your organization’s needs.

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How iPaaS bridges the gap between low-code and professional development

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How integration platform as a service (iPaaS) offers a comprehensive and standardized way to develop and integrate business-critical applications.

Every business technology system consists of multiple subsystems working together to form a cohesive environment that can handle mission-critical operations and workflows at the speed and agility demanded by today’s market. Running a business also demands the collaboration of people and systems from across a wide range of operations, such as sales, marketing, and customer support. Each of these departments uses different apps and systems, which all need to work together to achieve smooth operations. If they do not, each department will operate in a silo, to the detriment of customer and employee experience alike.

Among the most pervasive challenges facing today’s enterprises is the need to integrate new apps and functions into increasingly complex and disparate technology environments. Further adding to this overarching challenge is the fact that developing and integrating new software is often a lengthy process fraught with myriad difficulties of its own. These include addressing the demands of information governance, security, privacy, and availability, to name a few. This is why organizations need integration platforms to build more efficient and scalable technology systems that can easily adapt to ever-changing business needs.

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