Sun. Apr 21st, 2024

The automation of processes in a low-code platform improves efficiency, allows the development of applications 10 times faster, providing high-value solutions to highly regulated sectors such as finance and insurance or the public sectorIn relation to this, Appian has revealed the five trends that any type of organization must take into account to differentiate itself in the near future.

2023 trends with automation

These are the 2023 trends that Appian highlights: Low-code development and efficiency: Research carried out by Appian revealed that 85% of IT professionals believe that technologies such as low-code, artificial intelligence (AI) and the machine learning will be key to addressing the business challenges facing IT departments, while helping organizations adapt to change and streamline work. Appian’s open, low-code platform enables you to unleash digital innovation and drive growth. In fact, by 2023, Appian expects to have 68 billion automated processes running on its platform, with corresponding savings for organizations. In 2022, it is estimated that Appian saved all of its customers 107 billion euros with process automation. 10 times faster application development: The current low-code market is evolving very quickly. A study by The Wall Street Journal already identified that low-code was becoming a priority tool for companies in 2019, which skyrocketed in 2020 when they needed to quickly adapt to health circumstances. In Spain, according to Appian research, 50% of developers are already using low-code products during 2022, a trend that is on the rise since, in 2019, this figure was 37%. In this context, Appian presented at the end of this year the Appian Data Fabric, which allows you to create applications up to 10 times faster, since it is easier than ever to connect and obtain data in environments that are difficult to access.

Appian: automation and Low Code trends 2023

Finance and Other Regulated Sectors: With economies in recession, it is common for increased scrutiny over process controls and increased regulatory enforcement by governments. In 2023, companies will face many challenges related to financial transparency, visibility of systems in supply chains, and oversight of environmental policies. To comply with these requirements, highly regulated sectors such as finance or insurance will have to guarantee process control from start to finish. Open platforms such as Appian provide sufficiently versatile solutions that are already being applied in sectors as diverse as finance, insurance, health, production, telecommunications, logistics and supply chain, etc.Public sector: Investment in low-code technology from Appian in the public sector is a great example of growth and expansion. Since the company landed in Spain in 2017, low-code has penetrated various industries, facilitating the digital transformation not only of large companies, but especially of public bodies. The low-code is like a completely transversal blank canvas that adapts perfectly to organizations that are traditionally opaque and saturated with disconnected information, as can happen in the public sector. A paradigmatic case was that of the management of a new service for a highly bureaucratized department of the public administration, which required putting it into operation in three weeks when that process with its traditional systems would have taken at least six months. Appian developed a tactical solution to that case in the short amount of time allotted. It was a success story that could be established as a technological solution maintained over time, speeding up waiting times and helping the administration to be more efficient. IT skills gap: The leaders of the countries have realized that the differentiation of their companies and administrations will come through technological excellence. In fact, the Government of Spain has set the goal of increasing the number of data, Artificial Intelligence and cybersecurity specialists by 20,000 by 2025. Currently, there are not enough trained professionals to meet the demands of the labor market. Low-code development provides a lucrative career path for people with no programming experience as it enables organizations to build powerful business applications efficiently and quickly, significantly reducing the need to write code. Low-code and automation platforms allow exploring opportunities to upskill and retrain existing talent, enabling a broader set of users to participate in digital innovation.

By Alvaro Rivers

Award-winning student. Incurable social media fanatic. Music scholar. Beer maven. Writer.