The amount of time and costs that can be saved using low-code platforms depends on a number factors, such as the complexity of the desired solution, the level of customisation required, and the experience and skills of the team building the solution.
The amount of time and costs that can be saved using low-code platforms depends on a number factors, such as the complexity of the desired solution, the level of customisation required, and the experience and skills of the team building the solution.
Overall, using low-code platforms can significantly reduce development time and costs compared to using traditional development methods. According to a 2020 Forrester report, organisations using low-code can reduce application development time by 10-20%. The report additionally indicates that low-code can reduce development costs by around 30-50%.
The most important reason for the time and cost savings is the fact that low-code platforms allow applications to be built quickly through the use of visual interfaces and modular building blocks, minimising the need for manual coding. This means that developers can focus on defining the logic and functionality of the solution, and that they do not have to waste time dealing with the details of implementation.
Low-code platforms can moreover boost a developer’s productivity by offering reusable components and templates, reducing the time needed to write and debug code.
While the exact savings depend on various factors, using low-code platforms can indeed result in significant savings.