But how do you deal with this emerging trend as a company?
As an organisation, you obviously need a strategy. Or a roadmap. Here, solutions are plotted in time. Each with its own goal. The logical first step is then to decide whether to build or buy this application.
The traditional <Build vs. Buy> approach
For years, companies were recommended to build their own software. After all, the distinctive functionalities determined their competitive advantage. But since such software is a strategic business asset, the company would have to constantly adapt the software or make it available for all kinds of modifications to meet the constantly changing market demand.
Therefore, buying a non-differentiating off-the-shelf software (if available) often provided a pleasant alternative.
Buying something is seen as an approach that requires less time and investment. It is especially beneficial when requirements match and when flexibility and expandability are acceptable. More concretely, when a solution meets more than 80% of the company's requirements, buying rather than building is worth considering.
Low-code as an alternative to custom coding
What exactly is low-code? Forrester explains that "low-code" platforms enable rapid delivery of business applications with a minimum of hand coding. After all, you're working with existing components and a minimal time investment in set-up, training and deployment.
"Low-code" application platforms are known for their visual approach and high degree of automation of daily development tasks. This allows developers to maximise the time they spend on delivering real business value when creating low-code solutions.