Survey: Low-Code Platforms Solve Enterprise Need for Speed Across Multiple Digital Initiatives
August 02 2017 - 8:00AM
Appian (NASDAQ:APPN), a leading Low-Code and Business Process
Management platform provider, today announced survey results from
North American IT and executive leadership about their strategies
for low-code platform implementation. The commissioned survey,
conducted by leading independent analyst firm Forrester Consulting,
shows decision-makers are leveraging low-code platforms to support
three primary digital initiatives: digital process automation,
digital customer engagement and digital transformation. These
initiatives are driven by the increasing need for organizations to
revolutionize the customer journey and optimize business operations
in the era of digital technologies.
“Forrester predicts the low-code platforms market will reach
over $10B in revenue by 2019,” said Matt Calkins, CEO of Appian.
“Customers can count on Appian to provide what we think is the most
powerful and simple low-code platform available.”
According to survey results, areas of notable or significant
improvement when using low-code development platforms as opposed to
traditional development include speed to deliver process
innovation/improvements (89 percent), faster app updates (87
percent) and meeting business requirements on time (86
percent).
Today’s leading enterprises are committed to supporting a
digital strategy that will better serve and engage their customers,
empower their employees and outpace the competition. As a result,
application development and delivery professionals are seeking
robust low-code platforms to cost-effectively enhance the rapid
delivery of large, complex and reliable enterprise applications.
According to survey results, high costs (39 percent) and meeting
business requirements (33 percent) top the list of challenges faced
using traditional coding techniques, followed by difficulties
keeping up with business demands (21 percent) for new functionality
and taking advantage of new technologies (26 percent).
Alternatively, the data confirms areas of notable or significant
improvement when using low-code platforms include speed to deliver
process innovation/improvements (89 percent), faster application
updates (87 percent) and meeting business requirements on time (86
percent).
“Low-code development is a critical component of our efforts to
enhance the effectiveness and efficiency of our risk management
processes through the deployment of innovative solutions,” said
Denise Knabjian, Vice President, Process Innovation at OCC (Options
Clearing Corporation), the world's largest equity derivatives
clearing organization. “This approach to enterprise development is
allowing us to rapidly deploy nearly a dozen mission-critical
applications that have modernized our operations while
simultaneously reducing risk and increasing control
demonstrability.”
The Appian-commissioned Forrester survey also revealed the
following:
- Low-code platforms solve delivery-speed challenges more cost
effectively, with better performance and at greater scale, than
traditional development approaches;
- Low-code implementation success hinges on strategic alignment,
having the right skills in place to not only build applications,
but to evolve the platform and continuously innovate; and
- Leveraging low-code platforms to support digital initiatives
can drive better financial outcomes, and also help organizations
recognize improvements in customer experience, process efficiency
and business agility.
“We firmly believe in the value of low-code development and have
multiple initiatives in place to transform USF into a digital
organization,” said Sidney Fernandes, CIO of the University of
South Florida. “We’re building unique applications at lightning
speed without compromising security, compliance or efficiency.
These applications are improving our overall student experience and
streamlining the way our faculty and staff operate.”
To view a complimentary copy of the study, click here.
About AppianAppian provides a leading low-code
software development platform that enables organizations to rapidly
develop powerful and unique applications. The applications created
on Appian’s platform help companies drive digital transformation
and competitive differentiation. For more information,
visit www.appian.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes forward-looking statements. All
statements contained in this press release other than statements of
historical facts, including statements regarding the future size of
the low-code platforms market and the benefits that such platforms
offer to users, are forward-looking statements. The words
"anticipate," believe," "continue," "estimate," "expect," "intend,"
"may," "will" and similar expressions are intended to identify
forward-looking statements. Appian has based these forward-looking
statements on its current expectations and projections about future
events and financial trends that Appian believes may affect its
financial condition, results of operations, business strategy,
short-term and long-term business operations and objectives and
financial needs. These forward-looking statements are subject to a
number of risks and uncertainties, including the risks and
uncertainties associated with market adoption of low-code solutions
to drive digital transformation, risks and uncertainties related to
the estimates and assumptions used to calculate the size of the
low-code platforms market, risks and uncertainties related to the
publication of reports about Appian’s business by industry
analysts, and the additional risks and uncertainties set forth in
the "Risk Factors" section of Appian’s prospectus filed pursuant to
Rule 424(b)(4) under the Securities Act of 1933, as amended, on May
26, 2017, and subsequent reports that Appian has filed with the
Securities and Exchange Commission. Moreover, Appian operates
in a very competitive and rapidly changing environment. New risks
emerge from time to time. It is not possible for Appian’s
management to predict all risks, nor can Appian assess the impact
of all factors on its business or the extent to which any factor,
or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
Appian may make. In light of these risks, uncertainties and
assumptions, Appian cannot guarantee future results, levels of
activity, performance, achievements or events and circumstances
reflected in the forward-looking statements will occur. Appian is
under no duty to update any of these forward-looking statements
after the date of this press release to conform these statements to
actual results or revised expectations, except as required by
law.
For Information Contact:
Nicole Greggs
Director of Media Relations
+1 703-260-7868
nicole.greggs@appian.com
Appian (NASDAQ:APPN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Appian (NASDAQ:APPN)
Historical Stock Chart
From Jul 2023 to Jul 2024