Low-code development platform market in the IT and software sector is expanding quickly, with an anticipated size of USD 16.17 billion in 2024, projected to achieve a remarkable CAGR of 30.90% and reach USD 62.15 billion by 2029.
There are several reasons for this growth, including the expansion of remote workforces and the increasing cost of tech talent. As a result, finance, eCommerce, healthcare, education, travel – almost every single industry is increasingly adopting low-code technology.
Low-code platforms are helping businesses reduce development time, save money, increase agility, and boost digital transformation across the organization. Using drag-and-drop features, it’s empowering every employee to create customized applications without relying on a professional programmer.
Given these evolving trends and benefits, are you thinking about investing in low-code development platforms? Before making a decision, let’s dive into some low-code use cases and success stories to learn and develop.
Low Code Platforms for Enterprises – Use Cases
Wondering what you can build using low-code platforms?
Well, you’ve landed in the right place.
Regardless of industry, any individual, organization, or development team can use low code for a wide range of tasks.
Here are the top 5 low code use cases and examples:
Mobile and Web Applications
In this contemporary world, you need a mobile or web application to take your business to the next level. Low-code platforms allow you to create beautiful mobile and web experiences without little to no professional developers.
Its user-friendly UX/UI design, AI-guided development, automation, templates, and code modules provide everything you need to rapidly design, build, deploy, and optimize applications. Instead of the traditional way, every manager and employee can be a part of an app or web application development journey.
With low code, you can now develop and maintain B2B & B2C native and cross-platform applications from a single format – no need to hire professional developers. By leveraging modern frameworks, your business can deliver a rich user experience with mobile & web apps for every device, user, and operating system.
Success Story
Toyota Motor North America empowers its employees to contribute ideas and turn them into over 400 apps using Microsoft Power Platform’s no-code and low-code development tools. Employees receive training and support through the Center of Excellence, ensuring a positive impact on work processes.
Toyota has some rules to make sure the apps are excellent and safe to use, and employees need approval before sharing them. The apps created range from COVID-19 screening to managing travel. Toyota believes this approach helps everyone be more efficient and innovative, even if they’re not professional developers.
IoT Enabled Smart App
Using visual methods and models, low code enables organizations to build IoT-centered customization applications from scratch efficiently and effectively.
When you build apps using low-code, they can easily connect with IoT platforms, enterprise systems, and other third-party services. This means you get valuable information that can be turned into helpful insights for you to use.
For example, you have a smart device to monitor the health of a machine. With low-code apps, you can use the info from the device to quickly identify when the machine needs a break, maintenance, or maybe even a replacement. These apps can be set up to start the necessary tasks automatically. Also, the device data helps determine if it’s time to retire or upgrade the machine.
Success Story
An entertainment company called WRSTBND used a simple coding tool to make a special computer system and an app that works with smart turnstiles. These turnstiles help keep track of things at their events.
Because of this, WRSTBND made it easier for their staff and the people who check if everything is okay. These changes made $700,000 more in ticket sales in just one day. This shows that using simple coding tools can help businesses develop new ideas and grow.
Self-Service Portals
A web-based self-service portal is a cost-effective digital tool to let your employees access their personal details like bills, claims, tax details, payslips, and more. Since employee self-service portals (ESS) help customers and clients access and communicate with the company seamlessly, many businesses use low code to develop them quickly.
With low-code development platforms, you can faster assemble frontend applications, thanks to using pre-built components, connect to their data sources, and publish apps. Using these tools means spending less money and allows your current team to do more. These platforms are made to easily fit into the way you already do things, connecting with your current processes and systems. Moreover, low code platforms’ customized options help you create a personalized self-service portal that employees can resonate with and engage them better.
Success Story
Rotterdam City had a hard time going digital because the business and tech sides didn’t work well together. This made it take a long time to make things online, and people started doing tech stuff without telling the official tech team.
To fix this, they started using low-code solutions. Now, they make things faster by using parts they can use again, working quickly, and letting citizen developers help with coding. They’ve made over 100 easy-coded things that help over 100,000 people, and it only takes about 8-12 weeks to make each one.
E-Commerce Platforms
If you want to develop an e-commerce portal for your online business, choosing a low-code development platform might be your best decision.
From app development to data integration, handless architecture, and process automation, the various components of all-in-one low-code platforms help you develop customized e-commerce solutions to meet your needs.
Today, you no longer need complicated methods to develop your desired e-commerce platform. Low-code tech helps developers mix IT and business processes to build innovative, user-friendly solutions. Now, companies can create the interface once and use it many times for different purposes and on various gadgets.
Success Story
Low-code platforms make building and updating e-commerce stores and apps easy, ensuring a great shopping experience. These platforms also assist in managing inventory, providing real-time tracking, and preventing stock issues.
Retailers can use low-code tools to know more about their customers, making communication and marketing more personal. They simplify the checkout process with user-friendly cash register systems and handle returns efficiently.
Additionally, these platforms enable businesses to gather feedback, create data-driven analytics dashboards, and make informed decisions. In a nutshell, low-code development makes retail operations smoother and more customer-focused.
Finance Tech Solutions
Low-code technology offers versatile solutions for the finance sector, addressing various challenges and enhancing operational efficiency. It’s transforming finance by streamlining loan origination processes, ensuring quick customer onboarding with KYC compliance, and automating account reconciliation for increased accuracy.
Finance professionals can use low-code platforms to build real-time fraud detection systems, personalized budgeting tools, and user-friendly expense management solutions. Additionally, low-code CRM systems enhance customer relationship management for financial advisors, while custom applications help track regulatory compliance efficiently.
Success Story
- An Australian Automotive Solutions Company successfully addressed challenges like manual errors and delays in claims processing by adopting Newgen’s Low Code Platform. The implementation streamlined various processes, including claims management, invoice processing, and inspection management.
The company aimed to reduce turnaround time and enhance customer experience by enabling web-based claims applications. With Newgen’s solutions, they established a unified platform, improving workflow efficiency and providing real-time updates on vehicles, claims, and revenue realization. The transformation resulted in increased operational efficiency and enhanced customer service for the company’s specialized automotive solutions across multiple regions.
- An established bank in Oman faced challenges with manual processes, causing delays and errors, especially in document handling. They sought a solution to enhance user experience, reduce turnaround times, and automate repetitive tasks. Newgen’s low-code platform addressed these issues by streamlining payment processes, and automating outward remittances, standing orders, and inquiries.
The implementation improved efficiency, empowered knowledge workers, and offered a faster digital customer experience. The bank achieved enhanced process efficiencies, improved risk management, and compliance adherence. Real-time integration, audit trail management, and comprehensive transaction records were key benefits, contributing to growth, profitability, and a differentiated customer experience.
Final Thoughts
Looking at the low-code use cases and success stories, you can see how it helps a business both outside and inside. There are no limits when making an app with low code. Nowadays, many businesses want to make clever decisions by using low-code platforms. They aim to understand these platforms better and use them to bring more success to their business.
If you’re looking for a low-code solution that redefines the speed and scale of enterprise application development, consider NewgenONE. Our robust platform empowers you to automate diverse business applications seamlessly, covering process, content, communication, and AI.
