Your first low-code project: When to start your low-code journey
Gartner and Forrester both predict a massive uptake of low-code platforms in the coming years. Most large enterprises and public entities are expected to jump on the low-code train. Low-code adoption will, and should, be triggered by the need to resolve a real pain in your organization. But, when is the right time to start your low-code journey?
Here are three situations many companies find themselves in when they decide it is time to use low-code and start their first low-code project:
When your current IT portfolio limits innovation
The business environment is constantly changing, spawning new business requirements. To stay ahead of the competition, every company should have a continuous focus on the optimization of its work processes. But, whether the change is for more efficient use of resources, better control, or enablement of new revenue streams, it often represents changes to your IT applications. Thus, your IT portfolio must enable you to keep up with the necessary innovation.
The core systems used by most medium to large enterprises are extensive and represented a significant investment when they were implemented. Commonly, these systems are robust and good at what they were made for. However, they might be hard or expensive to change to exactly fit your current needs. Besides, if you make major changes, you run the risk of causing issues that arise only when future system upgrades are released.
So, how do companies implement continuous improvement of key processes without changing their core systems?
This situation is the perfect time to start your first low-code project. Your goals could represent a moving target, but they are well defined and there is no time to waste before you implement the necessary changes. Furthermore, it is vital that whatever you implement can adapt both to new and changed business requirements and upgrades to your IT core.
For example, when BW Offshore chose to extend their business venture into the development of hydrocarbon reservoirs, significant changes were required. Both in their company, business processes, and supporting IT applications. By adopting the Genus platform, BW Offshore was able to provide both new and existing business areas with an application that fits seamlessly into their current application portfolio. What is more, it helps them save time and increases their control over the process. Read about how BW Offshore went about expanding its ERP functionality here.
When new regulations or other external events presents hard deadlines
All industries face new regulations from time to time. This could be driven by multiple factors: security, transparency, privacy, new government policies, etc. Common for most new regulations is that they, to an increasing degree, affect your IT applications as more critical business functions are digitized, semi-automated, or even fully automated. Key registries and archives are also, for most companies, reliant on IT infrastructure to function. New regulations always come with a start date, meaning you have a hard deadline to complete your implementation.
So, how would you approach this deadline? We see businesses taking different paths. One option is to wait for your SaaS vendor to come up with a new release. This may or may not suit your business requirements, but there are no guarantees. Another option is of course to buy a new SaaS. But, in this case, you risk getting way more functionality than necessary. Ultimately, you might even have to pay for functionalities you already have with your existing SaaS. Lastly, we see some businesses are getting by with spreadsheet fixes until their developers have time to complete the project, in which case, you risk a lengthy state of shadow IT By using low-code for this implementation you can narrow the scope to what you need, find a solution that works well with your existing portfolio, and complete development without any compromises on quality or security.
When a new environmental regulation forced the entire world fleet to reconsider their current fueling scheme by January 1st, 2020, DNV built a web-based application to help shipowners plan their transition. Using the Genus low-code platform, the application was made in just a few weeks, turning the event into a business opportunity for DNV. Read more about DNV’s case here.
When you have specific needs, but the product just does not exist
Sometimes you venture into a new field, revamp an existing service, or simply decide you need to streamline specific parts of your business. This often requires a new application or major changes to existing ones. Instinctively, you should ask yourself if the application you need already exists in the market? Luckily, sometimes it does! And if the capabilities fit your requirements and the price fits your budget – perfect! In these cases, we always recommend our customers to pick the product that is already available.
However, in many cases, this is just not the reality. The products available are either far off how you want to work, difficult or impossible to integrate with your existing systems or require you to purchase a large and expensive system that you only need a minor part of.
By using low-code you can start with a Proof-of-Concept or Minimal Viable Product that is limited in scope, tailored to your needs, and ready to scale for the future. And since low-code enables you to develop up to 10x faster than with traditional programming, you limit the economic risk involved in the procurement.
When Gjensidige saw the need for a new case management system to better combat insurance fraud, they turned to low-code when no such tool existed in the market already. Within just a few months, core functionality was in place, enabling key users from Gjensidige to become familiar with and customize the solution. Read more about how Gjensidige made a new case management system here.
Start your low-code journey
These are just three examples of situations we see customers finding solutions for everyday problems with Genus. However, the applicability of low-code is enormous. Just remember that you should not expect to experience the big benefits of low-code with your first project. Instead, they appear when your organization has the capabilities and mindset to use low-code whenever the right situation arises.
Want to learn more about what low-code? Let us show you what low-code can do for you. Book a demo with one of our sales representatives today.