Low-code platforms have presented an opportunity for businesses to accelerate the application development journey. One of the factors behind this is that the cost of hiring a capable software developer has increased tremendously. Moreover, the time taken to complete a project is long with traditional development methods, which delays the time to market their MVPs.
Large enterprises still find a way around this problem, but small and medium-sized organizations often need to improve functionality and speed up their digitization efforts. Aligning the gap between the skills and resource shortage has led SMEs to focus on developing solutions that can simplify application development.
A practical solution that has emerged is that of low-code development to solve this problem. With noticeable growth, the adoption of low-code development platforms has continued to rise over the years. These platforms do an excellent job of providing simple and practical techniques for building effective business applications.
In this blog, we will elaborate on how low code is enabling the industry 4.0 transformation.
The need of the hour for Industry 4.0 is to leverage the power of smart manufacturing, IoT, Cloud Computing, and Digital Twins to revolutionize traditional production processes. Smart Manufacturing enterprises use advanced technologies such as robotics to increase productivity while reducing costs.
IoT enables machines to communicate with each other and humans in real time, allowing predictive maintenance and faster decision-making. Cloud Computing provides access to computing resources on demand, while Digital Twins offer a digital representation of physical assets or systems that can be used for simulation or optimization. All these technologies are used to create a more efficient, agile, and cost-effective production process that will help companies stay competitive.
Embedded sensors and interconnected machinery produce significant big data for manufacturing companies. Data analytics can help manufacturers investigate historical trends, identify patterns and make better decisions.
It is best to think of low-code development as software development that reduces the need for line-level coding. With low-code development, developing and customizing tools needed for manufacturing processes becomes possible instead of hiring a specialized development team.
Most low-code development solutions provide an attractive visual interface to assemble workflows and applications. The users can effectively drag and drop elements required for optimizing an application's life cycle.
Low-code platforms enable users to create new applications and solutions that enhance the functionality of business solutions. The global low-code development market was at USD 10.82 billion in 2020. Data suggests a tremendous growth of CAGR of 31.6%, from USD 13.89 billion in 2021 to USD 94.75 billion by 2028.
In the manufacturing industry, the low-code platforms function as automation and productivity tools connecting ERPs and various data sources to perform complex actions. These platforms are now emerging as a critical aspect of digital transformation for businesses and also accelerate application delivery processes over ten times quicker.
Manufacturing software is challenging to upgrade, personalize, and even add new functions so that businesses meet commercial needs. With the rising use of low-code platforms, manufacturing companies can offer personalized solutions and provide increased flexibility, scalability, and efficient technological innovation.
Production engineers who understand core processes better can develop robust and personalized applications using low-code application development platforms. They can quickly build work instruction applications, quality control management applications, management panel applications, predictive maintenance applications, etc.
Hence, it must be clear that using a low-code platform can offer an improved way of integrating multiple technologies. Companies don't have to find professionals for application development. Even the in-house staff can be trained to develop and update data workflows with low-code application development.
Low-code development is growing at a considerable speed, and more and more companies are using this technology in return for greater rewards. In the future, this trend will keep growing because the ease that low-code platforms bring is commendable.
