The New ‘Must-Have’ Platfrom For Driving
The Digital Transformation Journey
Roadblocks litter digital transformation path
Achieving digital transformation — leveraging digital technologies to create or modify business processes, culture, and customer experiences to meet changing business and market requirements — seems simple enough. It appears all that’s needed is to adapt an existing legacy system or write new software to grapple with fast-evolving CP&R challenges.
PICTURE THIS: Your CP&R (consumer product and retail) company easily keeps a finger on the pulse of consumer needs and trends, allowing it to effortlessly satisfy ever-increasing consumer demands. Fulfilling these demands and reacting to these trends at warp speed comes naturally. The same is true of taking innovation to new heights, laying pathways for sustainability and staying so nimble that quickly meeting business requirements poses no challenges.
It’s all possible. That is, it’s all possible when CP&R companies adopt an innovative low-code application development platform for designing, building, testing, and iterating the applications that enable their journey to digital transformation — and keep them there once they’ve arrived.
Roadblocks impede progress
But that isn’t the case. Roadblocks along the path can slow the pace of digital transformation to a crawl. They can bring it to a halt. They even stop it from getting underway at all.
Software and support issues cause snafus
Collaboration between business and IT is essential if companies are going to develop software that meets business needs. Traditional software development methodologies don’t support this collaboration. When business doesn’t receive the right support from software, investments in IT aren’t maximized, and business teams can turn to third-party tools that are a waste of money.
Legacy IT impedes improvements
Old legacy systems can’t accommodate IT enhancements, and complex software development is cost-prohibitive. Software development takes time — time companies may not have if they’re going to stay steps ahead of consumer and business demands.
Smashing Digital Transformation Barriers Yields Big Business Benefits
But a low-code application development tool eliminates many obstacles to digital transformation. How? By making the applications that drive it easier to create via drag-and-drop functionality. The platform’s open architecture allows new applications to be integrated with other critical business systems. The upshot: significant business benefits.
Digital transformation occurs sooner when all barriers are kicked to the curb. Companies can more quickly address all the business challenges that led them to initiate transformation in the first place.
Fewer development barriers means faster transformation
Applications are developed faster and with fewer pain points. Development backlogs are cleared or prevented altogether. Development can happen without highly skilled IT resources, saving time and money.
Development speeds up, costs less
The ability to easily enhance or refine applications future-proofs technology investments. Simplified application development — and maintenance — drastically reduce application-building expenditures and overall lifecycle costs.
A simple application-building process means business stakeholders can actively collaborate with IT in application development. This gets them more successful applications that satisfy business and consumer needs and expectations while maximizing software investments. And there’s no need for problematic “outside” technology to achieve business goals.
Developers have opportunities to build new applications without the time and effort needed to learn how to utilize new development tools and computer languages. They can also work on any part of an application, leading to fewer conflicts. IT development costs then decrease, and companies experience fewer application development delays that backfire on business.
Emerging technologies and core systems seamlessly integrate into applications. This makes them more effective, giving business stakeholders access to the insights they need to improve business results.
User-friendly functionality
Mobile apps on the move
On a growth spurt
By 2024, Gartner says, these platforms will be used in more than
$86.92 billion
of application-building activity. A report from Grand View Research pegs the size of the global low-code application development platform market as reaching
(US) by 2027.
65%
What’s more, figures from Grand View indicate, the market’s mobile-based subsegment market is predicted to reach more than
by 2027. It will grow at the fastest CAGR over the forecast period.
$35 billion
Generating Big Buzz
Companies and others are fast embracing tools of this type.
Digital transformation: a difficult task
Other barriers lie within IT departments. Some lack sufficient resources to write the necessary software and may have a backlog of technology development requests. IT professionals with necessary development skills can be difficult to find. All this makes it even more difficult to achieve business goals.
IT departments face big barriers
Application-building causes less pain
Collaboration rules
Integration shows no seams
Investments become future proof
Applications can also be effortlessly disseminated via the cloud. It takes a single click, and there are no delays in getting applications into users’ hands.
Grand View’s report also indicates that this market totaled
(US) in 2019. It’s expected to show a
CAGR between 2020 and 2027.
$11.45 billion
22.7%
Expanding U.S. market
Tools support varied business initiatives
It’s no wonder such tools are generating such big buzz, because they make it easy for teams to create apps that support many critical business initiatives. For example, teams can build apps to accelerate what Siemens calls "digital threads" for the CP&R industry, with Integrated Program and Lifecycle Management (IP&LM), Smart Product and Process Design and Production Design and Optimization topping the list. The platforms are also ideal for building applications to accelerate Flexible Manufacturing and Traceability & Insights.
Low-code application development platforms allow application software to be built using far less code than is needed with traditional computer programming languages. IT professionals don’t write codes. Instead, they — along with business professionals — design and build applications by making “drag-and-drop” selections from graphical user interfaces.
With low code, applications can be connected to and integrated with any data source or system of record—even legacy systems. This, in turn, eliminates data silos, making data more accessible and actionable whenever and wherever
it’s needed.
The Lowdown on Low Code
But what is the “low-code” in low-code application development platforms?
Low code means less code
Low code brings the power of integration
Fast, Simple, Sustainable Transformation
Siemens is a leading global provider of software solutions that drive digital transformations. Mendix, the low-code application platform by Siemens, is the key to jump-start digital transformation and continue to foster it to meet changing consumer and business demands.
It all happens in a collaborative and innovative fashion, with sustainability in mind.
Build, integrate, and extend applications faster with fewer resources via low-code application development.
Create applications that support all forms of interaction among team members, from Web and mobile to conversational user interfaces (UIs), augmented reality (AR), and others.
Leverage a robust set of application building blocks, including industrial domain and ecosystem services.
Harness extensive integration capabilities to access and integrate critical, actionable real-time data from Teamcenter, MindSphere, NX, Opcenter, ERP and CRM systems, and more.
Cloud infrastructure cuts delays
A Recognized Leader
Mendix was recognized as a leader in the “Gartner 2019 Magic Quadrant for Enterprise Low-Code Application Platforms.”
Mendix was also recognized as a leader in the “Gartner 2020 Magic Quadrant for Multiexperience Development Platforms.”
To learn more, click here.
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IT departments face big barriers
Legacy IT impedes improvements
Roadblocks impede progress
Software and support issues cause snafus
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