Tag: Low-code development platforms

  • Are ERP-Centric Enterprises Being Left Behind?

    Are ERP-Centric Enterprises Being Left Behind?

    Many large enterprise companies are rife with departments that depend on customized ERP software applications. These systems accommodate vital business tasks ranging from inventory management to ordering capabilities to accounting programs to CRM platforms—all of which were custom-built to fit the enterprise’s specific needs and meet the KPIs of each unique organization. These applications tend to sustain grades, patches and reworks, sometimes resulting in multiple redesigns over the course of decades, and these often are not properly documented. To make matters worse, these ERP software systems also tend to be written in outdated programming languages such as ABAP for SAP and PL/SQL for Oracle, making them a challenge to update.

    For example, 91% of respondents in a recent ASUG survey of 110 SAP companies said they use custom code, and 41% of those applications were created at least six years ago. The majority of these companies said that the existence of these custom code environments has become a hindrance to digital transformation and is holding back innovation.

    These conditions create the bloated and overly complex legacy environments that are now commonplace in the enterprise market. Widespread, customized core business systems have made digital transformation particularly daunting for enterprise companies. They require significant developer resources, excessive time commitment and ample expense to strip down and redesign these custom systems for the cloud. 

    A Lack of Developers—and of Developer Interest

    U.S. Department of Labor statistics from December 2020 indicated that there will be a shortage of 40 million skilled workers worldwide, amplifying these issues further. That figure is predicted to grow to 85.2 million by 2030. What’s more, new developers entering the marketplace gravitate to more contemporary programming languages such as JavaScript and Python, as opposed to wanting to revamp archaic code used in most ERP solutions, such as ABAP.

    For this reason, large enterprise companies in a range of verticals are lagging behind when it comes to upgrading mission-critical software applications to the cloud or to a more modern architecture. These organizations are well aware they stand to gain significant productivity benefits from digitally transforming their systems so that, for example, inventory data can be accessed via a mobile device or shared from anywhere on a cloud-based platform. Yet these large organizations are stalled in their efforts to modernize. Some companies have gone as far as to scrap their current systems and start reprogramming their software applications from scratch—a hugely expensive, lengthy and laborious endeavor that’s also full of risk. 

    Leveraging Low-Code to Simplify Enterprise IT Environments

    One method that has shown progress in unraveling these overwrought environments is to apply automation through low-code integration. Ideally, an effective low-code development solution will automatically convert existing business processes to modern, cloud-native applications, allowing the organization to maintain the business logic it has built into those applications over the years, while drastically reducing the time commitment, costs and potential disruption associated with traditional, long-form integration. In SAP environments, for example, using a low-code rapid application development solution can separate the application layer from the core SAP system, automating a large portion of the migration while preserving a “clean” SAP core.

    With many organizations under pressure to keep budgets under control in what continues to be an uncertain economy, these large-scale companies are looking for ways to modernize their operations on a more controlled schedule. When enterprises use low-code solutions—and furthermore, don’t have to search for developers of these more archaic languages—they’re free to approach digital transformation in a far more incremental and cost-effective way.

    For instance, the 12 million users of SAP’s solutions are being compelled to upgrade to the modernized version of its product, S/4HANA. Yet the American SAP User Group (ASUG) research shows that only 33% of these organizations have taken on the challenge so far despite the looming end-of-life of the current prevalent version. This is because lacking a low-code development solution, companies are being pressured to convert and rebuild all their business processes in one fell swoop. Few organizations have the resources to absorb such a drastic and risk-prone undertaking. 

    A rapid application development program acts as a bridge for companies that are looking to modernize their businesses, allowing them to upgrade their applications incrementally, according to their own schedules. Low-code can be a catalyst for technical debt-ridden enterprises, allowing them to simplify complicated legacy environments and get down to the business of innovating their systems.

  • Unlocking Enterprise Blockchain Potential with Low-Code Capabilities

    Unlocking Enterprise Blockchain Potential with Low-Code Capabilities

    Since the rise of Bitcoin more than a decade ago, companies have been trying to harness the potential of blockchain technology for enterprise applications. Industries that used to operate in silos are becoming increasingly connected, and the lines of where one ecosystem ends and another begins are blurring. In this connected age, blockchain can provide organizations with new opportunities to share and collaborate with their partners, other industry-players, government organizations and even academia. 

    On a more tangible front, integration would ultimately help establish new end-customer experience possibilities and establish new revenue streams. Especially, as we continue to navigate forward in the midst of COVID-19, enterprises are looking for innovative ways to adapt their business to best operate in the new world. Beyond that, supply chain operations are more critical than ever before. Across industries, maintaining a steady flow of essential goods, protective equipment and much more is critical to the health and safety of our frontline workers. Blockchain can help manage this flow and mitigate risks, helping deliver on that need for instant agile flexibility.

    Understanding the Opportunities

    Use cases are innumerable and it’s impossible to ignore the ongoing COVID-19 crisis as we discuss the potential applications for any technology. In the short-term, blockchain provides an added layer of transparency and data accuracy — minimizing the risk for any potential fallout from supply and value chain disruption during this time. With this transparency and data accuracy comes improved tracking of important supplies and materials such as PPE and ventilators, streamlined patient consent and triage capabilities for overwhelmed hospital staff and much more.

    With that, the applications will only continue to expand as industry operations return to normal in the hopefully-near future. Government agencies can develop a seamless international credit bureau, for example. As it stands, different countries have different processes and standards for credit scores or distribution of stimulus funding. With blockchain, governments could potentially develop a universal credit system that allows for international travelers and frequent movers to reap the benefits of their positive credit scores, no matter where they are. 

    Manufacturers can use blockchain to truly optimize their supply chain operations — understanding as much information about a purchase order throughout the lifecycle of a product or part. Take a heavy equipment manufacturer, for example. Blockchain provides access to data that will allow them to understand how their equipment is being used by their customers, when each particular piece of machinery will need maintenance, how to optimize predictive and emergency repair and replacement services, and more — all while understanding and contextualizing what the impact of these external operations will have on its own internal supply chain as well. In today’s world, this information is especially valuable for manufacturers who are shifting their focus to help support the development of PPE and other COVID-19 response essentials.

    Within banking and financial services, cross-bank and cross-border transfers are exponentially streamlined with blockchain integration. Instead of requiring validation and authentication from intermediaries, blockchain allows for instant transfers, with the same level of security and assurance. From a functionality standpoint, this also brings an added layer of convenience for both the end-user and the banks involved. These same conveniences provide a crucial layer of service during times of crisis as well. Through blockchain integration, stimulus allocation can be instantly approved and deposited into bank accounts for all citizens, regardless of existing banking preferences like direct deposit.

    Similarly, in the education sector, blockchain can make it easier for student records to be transferred between universities and other academic institutions — whether a student plans to transfer a few credits, transfer full-time or study abroad. 

    These are just a few of the many use cases for enterprise blockchain. So, what’s keeping them from becoming mainstream?

    Acknowledging the Barriers of Entry

    While the benefits are undeniable, adoption has been slow. But there is definitely interest, and adoption can soon surge. Gartner reported back in 2018 that business value added by blockchain adoption is projected to reach a whopping $3.1 trillion by 2030. But, only 10% of businesses will undergo radical blockchain-driven transformation by 2022. 

    Why is adoption slow to start? Companies are dipping their toes into the water, but studies have shown that a majority of enterprises are holding back due to regulatory uncertainty (48%), trust issues (45%) and an inability to bring partners together to build a network (44%). Other studies have reported that the “very high” difficulty in platform selection, a lack of in-house expertise on use case development and questions about privacy are the top barriers of entry. 

    What will change between now and 2030? How will these concerns be directly addressed? To answer this, it is important to note that these barriers of entry derive from a lack of foundational understanding of blockchain. More education will come, and more experts will rise. That said, integration doesn’t happen overnight. Blockchain, like any other emerging technology, takes time to integrate at scale.

    It’s understandable why companies are hesitant to go all in at the moment — as organizations are often strapped for resources, and the talent that is needed to build a blockchain platform from scratch is hard to come by. That said, those who don’t invest early are likely to be left behind by thriving early-adopters. Luckily, there is a solution to the challenges that are holding adoption back — one that takes away the need for resource expenditure and dedicated developer teams.

    Leveraging Low-Code

    Low-code development platforms allow enterprises to reap the benefits of complex code, without the need to dedicate valuable time and resources toward development from the ground-up. “Plug and play” customization allows them to address specific needs within their organization, and prioritize implementation on a smaller scale without the stress of diving head-first into an infrastructural overhaul. 

    Especially during our ongoing COVID-19 crisis, low-code eliminates the need for large dev teams to develop new software applications, allowing for a streamlined, timely transition as organizations dedicate their valuable resources elsewhere to help minimize the negative impact of COVID-19 on their workforce and their surrounding communities.

    Beyond this epidemic, these benefits provide risk-averse C-level decision makers with an easy and confident investment opportunity, as well as disruptive tools that deliver on the growing need for constant innovation — in an era where agility and digital transformation are now a necessity. In fact, the main reasoning behind an organization’s low-code adoption is to accelerate said digital transformation and increase responsiveness to the business (66%, respectively).  

    Low-code directly addresses the aforementioned barriers of entry that come with blockchain investment — or any complex, resource-dependent software investment for that matter. With low-code, even non-developers can build high-tech applications. Devs are often expensive and good talent is often hard to come by. Because of this, the ability to get the same quality output with minimal input is extremely valuable.

    Beyond the simple cost and scarcity of good talent, dev teams often have significant backlogs, which make it hard for them to keep up with industry and business demands. There are benefits of having a non-developer heavily ingrained in the development process as well, as they will have an overall better understanding of the function that the application will serve, and how it fits into the overall business structure.

    Bridging Together Low-Code and Blockchain

    Upon evaluation of the barriers of entry that keep blockchain from widespread adoption, as well as the glaring benefits that low-code programming brings to enterprises with limited resources and talent, the potential for low-code blockchain to minimize enterprise concerns and justify investment is obvious.

    By reducing the need for dedicated network developers that would originally be required to build the blockchain platform from the ground-up, enterprises can build and maintain a trusted network with clicks, not code. Users will be able to create and share blockchain objects with familiar functionality — essentially interacting with the platform in the same way they would interact with any CRM data object.

    The simplicity and ease of use of low-code blockchain makes it so that trusted networks can grow organically, faster. Integration across the entire partner network is simple and can be completed with just a few clicks — making it easier to bring new third-parties on board to join the trusted network, ultimately making the blockchain platform and user network exponentially more valuable in the long-term.

    Blockchain adoption will undoubtedly pick up steam, aided by the low-code capabilities that now exist. The minimized risk and resource expenditure that comes with low-code will make blockchain adoption much more appealing to those who are currently skeptical. Additionally, once low-code serves as the entry-point for enterprise adoption, organizations will begin to expand upon the capabilities of their own blockchain networks — and ultimately drive further innovation. 

    Eventually, we’ll see new ecosystem partnerships forming, and end-customer experiences improving. Early leaders will become more comfortable with the idea of experimenting with new, previously unimaginable use cases of their own.

    Looking Ahead to 2030

    We are approaching a turning point with blockchain in the enterprise. Low-code development platforms will provide enterprises with the opportunity to adopt blockchain technology with minimal risk and proven ROI. As more enterprises build trusted networks through low-code blockchain, industry-agnostic innovation will elevate all participating organizations and deliver truly exceptional results — for both, the network partners and their end-customers as well. 

    The blockchain hype is justified. We have been searching for a way to manifest its potential without over-complicating the process of bringing it to life. Low-code does just this, without fault.