How Low Code Delivers High Cost-Savings

See how low code can inject major savings into your business

When it comes to app development, time costs money. So does recruiting talent, performing maintenance, debugging and testing apps, upgrading infrastructure, and…. you get the point. If you’re not careful, costs accumulate faster than apps are designed and deployed, leaving your company in a vulnerable position.

However, if you have a dynamic multi-experience low-code platform that efficiently streamlines the app-development process, you can reduce spending and lower the total cost of ownership (TCO) with dramatic results for the entire enterprise.

That’s what low-code platform HCL Volt MX delivers for enterprises looking to innovate with a low-code solution: speed and efficiency throughout the app-development cycle that results in significant savings that can be funneled toward innovation and future strategy and investments.

Here’s are 4 ways low-code development helps to save money:

1. Helps avoid expensive recruitment costs

The competition for tech talent has increased dramatically in the past two years, due in large part to companies scrambling to accommodate employees and systems that can work remotely from the cloud. Don’t expect that to change: according to the US Bureau of Labor Statistics,  employment of developers is projected to grow by 22% from 2019 to 2029, much faster than the average for all occupations.

Finding, hiring, and retaining developers remains a major issue for tech companies, which makes hiring your way out of project challenges a risky and expensive approach. Instead, companies should invest in their own developers by supplying them with tools that simplify their job and free them from burdensome and rote tasks that get in the way of their natural design and development skills.

2. Shortens development time

Low code injects blazing speed and productivity into the development process, in a number of ways:

• Rapid, visual assembly of pre-made components and templates eliminates a dependency on labor-intensive hand coding and hastens development time
• A platform like Volt MX enables quick and seamless integration with back-end data, pre-existing applications, and legacy systems; this accelerates time-to-market
• And, most importantly, experienced developers — freed from many of the operational burdens of development — can focus on addressing higher-level business goals and complex design ideas that ultimately boost the entire production cycle

3. Enabling an agile process

Low code lowers costs while modernizing high-maintenance apps.

For a major health insurer paralyzed by a siloed development process, a major change was needed to bolster its presence in the mobile space. 

The company adopted the Volt MX low-code platform and found success across a spectrum of outcomes, including a new agile methodology and the reallocation of IT resources that resulted in saved time and huge cost savings.   

4. Meeting ever-changing business needs more quickly 

Low code can respond with lightning-fast solutions that save money in the long-term.

When the COVID-19 pandemic hit, a Vermont-based power company needed a tool to connect its employees and make up-to-the-minute health information easily accessible to the entire company. It turned to Volt MX and within a week had a health and safety app that helped monitor the overall health of the entire workforce, in a timeframe, and at a cost no legacy system could come close to.

It’s safe to say that digital transformation is speeding up every aspect of how businesses operate. Keeping pace means valuing time and not wasting opportunities to maximize the talent of your workforce or the systems of efficiency they use.

HCL’s Volt MX is an industry-leading low-code platform, recognized both in Gartner’s July 2021 Magic Quadrant for Multiexperience Development Platforms and in The Forrester Wave: Low-Code Development Platforms for Professional Developers, Q2 2021. Don’t waste time or money. Use a low-code platform that optimizes both.

Learn more about Volt MX and schedule a demo to transform your business.