Introduction to low-code platforms
Platforms that require little or no programming have created billions of dollars of market value through the acceleration and democratization of digitization. The market for low-code platforms has existed for decades, such as WIX and WordPress for creating company websites; OutSystems for building web applications; and Shopify for creating e-commerce websites. Currently, most organizations are operating in a digital world and in a post-pandemic era that demands increased development of internal and external software.
Across the Asia Pacific region, we are witnessing a wave of innovation that is gaining traction. In this space, companies are scaling rapidly and striving to be global from the start. Founded in the past 3–4 years, many of these companies abstract complexity and accelerate productivity by utilizing low/no-code solutions. There have been many exceptional times over the last few years to launch or scale a software company (regardless of whether it is low/no code). COVID-accelerated market conditions have resulted in digital adoption occurring at a faster rate than ever before.
In recent years, the internet has undergone a great deal of metamorphosis. Currently, web 3.0 or web 3 is being discussed throughout the tech world. This calls for an emphasis on the value advantages of web 3.0 and its applications. Consider the industries and solutions associated with web2 right now to get an idea of the scale of the problem. Globally, over 2.5 billion gamers believe they own the in-game assets, but this is not true. In contrast, Web3 allows content creators to exercise control, ownership, and monetization rights. In what way? The development of web3 is largely driven by blockchain and cryptocurrencies, which facilitate the foundation for NFTs. There are a number of significant details about web3’s functioning that make it a viable alternative to the existing web2 landscape. In essence, this quickens the adoption of blockchain technology as the World moves towards web 3 and calls for a greater need of low-code development platforms that accelerates the speed of adoption.