Low-Code technology is the most significant trigger for digital transformation in 2023

Mannheim, November 24, 2022 – The Low-Code platform has become an established and important tool for digitization in recent years, and this trend will continue to get stronger in 2023. The market research company MarketsandMarkets predicts an increase rate of 28 percent, up to 45.5 billion US dollars, for Low-Code development platforms until 2025 (2020: 13.2 billion US dollars). According to a KPMG-Study the number of executives naming Low-Code development platforms as their most important automation investment has almost tripled over the past 3 years. The reason for the demand increase from the market is, among others, the increasing digitization pressure by executives, supply bottlenecks and the energy crises. “Material and personnel resources are scarce and will become the biggest challenge for companies in 2023. To create better availability, companies need better digital solutions, which they can implement in a flexible and simple manner. This is possible with Low-Code process automation,” says Marcus Nagel, CO-CEO of the digitization and process specialist JobRouter AG.

Potential especially in the field of individual workflow

Corporate processes can be simplified, automatized and standardized with the Low-Code approach. With a Low-Code digitization platform, even employees without programming knowledge can digitally map workflows. This enables companies to act unloaded, which means they become independent of external service providers and can create individual automation solutions that are not available on the market. HR departments, for example, benefit from Low-Code approaches in the competition for specialists, automated onboarding and more staff satisfaction. “In addition to inter-divisional workflows, HR departments can create their internal processes faster and more transparently. This will become essential to attract new talent and retain employees” says Nagel.

Manage governance, risk & compliance with Low-Code

Another challenge for companies is to operate a functioning control and management system for security relevant company segments. At the same, time companies find themselves confronted with numerous additional standards and regulations, such as the DSGVO. “For many companies, it is very elaborate to comply with governance and compliance provisions, provide risk management, and put up with risk-minimizing actions. Low-Code process automation enables the companies to automatize their control system and take full advantage of their potential. Often, small and simple processes and workflows are enough to do so” Nagel concludes. However, governance, risk & compliance (GRC) is not only important for KRITIS or listed companies, but for every organization. This is why JobRouter AG plans to extend its portfolio in 2023 with a Low-Code solution that enables companies to efficiently implement GRC provisions and document automatedly.

Utilize Low-Code successfully

For a successful process automation companies should check up-front if Low-Code fits with their strategy and how high the individualization degree of their own process workflows is. In case of a high individualization requirement, the cost-benefit ratio has to be verified. JobRouter AG invented the Process Automation Canvas as a tool for the realization of process automation projects. This enables companies to identify their most important digitization needs and provides a guideline for the implementation.