Reduce your business cost in 2022

Canonic
Canonic.org
Published in
3 min readFeb 7, 2022

To ensure the success of your products, there are a number of factors to consider, and the business cost is one of them which plays a vital role.

Due to the emergence of technology and the outsourcing of technology, businesses can decrease costs, increase efficiency, and increase profits, making them more adept at weathering economic downturns. Reduced operating costs give you more money to reinvest in your business, allowing you to expand. 🥳

Building applications using the latest technologies and an agile approach can save time, resources, and costs. The challenge lies in finding a way to cut costs without reducing production, product quality, or increasing working hours.

Enter low-code platforms 🚀

Low Code is a software development technique that automates the creation of applications with minimal manual coding effort. It enables users to create and manage applications quickly and easily. Application development using Low-code platforms can be tailored perfectly to the needs of businesses, can be deployed quickly, and cost much less compared to developing in-house.

Here are some of the highlighted aspects of Low-code which can help your business reduce costs.

Brings agility 🔼

Low-code platforms require less in-house skills from developers to operate and maintain and make it easier and faster for even non-technical users to create and deploy applications in minutes. Integrated features, reusable templates, and automated testing result in better developer agility.

Reduce resource costs 💰

Almost all companies struggle with budget constraints, one of the causes is the costs of skilled programmers. By developing with minimal code, rather than hiring programmers, web applications can be developed and deployed much more cost-effectively. 👩‍🔧

Furthermore, you will be spared from the developer shortage, which is quite real today and is expected to continue in the future.

The Developer Shortage: What is it and how will it affect you?

The shift of Companies towards Low-Code 🙌

As stated, there is a lack of software developers in the market, but the enterprise demand for applications is sharply increasing. The solutions bring the shift of companies towards the Low-code, confirming that these platforms create economic value for large companies.

Companies are accelerating the pace of development with the trend toward code reduction and the majority of low-code users reported improved collaboration, faster development, lower costs, budget savings, and faster completion of product development.

Low-code platforms help companies migrate monolithic systems to microservices by enabling quick turning of monolithic functions into microservices, which in turn increase efficiency, reduce costs, and help in speeding payback. 💃

Untangling the web of multiple Micro-services and Integrations

Low-code in Small Business 🥁

The cost of traditional web and app development is prohibitive for a small business, considering that the cost of acquiring and learning a platform is often higher than just purchasing a few tools and coding. With a dynamic, feature-rich platform with minimal code, you can effectively streamline your application development process and reduce costs while lowering your total cost of ownership.💃

Not only will this reduce the cost of developing robust code, but will also allow developers to focus on the important things and give you time to go to market and serve your customers. This can create new opportunities and significantly reduce costs for current businesses. 🚀

Low-Code is the future 👩‍💻

Low-code platforms have frequently been hailed as the future of software development, allowing businesses to reduce IT expenses. Providing automation features, ready templates, faster development, ease of maintenance and scalability, compliance, and governance capabilities, the low-code platform is indeed poised to dominate the future of digitalization and digital product development.

30 Days of Low-code 📩

We recently wrapped a 30-days campaign where we covered various aspects of Low-code, the platform’s features, guides, sample projects, etc. If you are interested in this space, we would love to connect with you. 💁‍♀️

Take me to 30 Days of Low-code

I would like to join the community

Let’s build!

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