No code news Forrester predicts three possible outcomes for low code in the future

Mondo Technology Updated on 2024-02-29

Column guide: The non-** information column starts from a global perspective and takes you to understand the latest information related to non-**.

Top 3 events

According to a recent article published by foreign media, Forrester believes that there are three possible prospects for the low-** market: either continue to maintain the current development trajectory, or be accelerated by artificial intelligence, or be slowed down by artificial intelligence, because developers will use artificial intelligence assistants to complete more coding tasks, and no longer need low** to improve productivity. That's according to Forrester's Low** and Digital Process Automation Market Trends Report 2023-2028.

According to Forrester, the most likely scenario right now is the first option, which is to continue the current growth trend at a low level. In this context, AI will drive the growth of low** and digital process automation (DPA). The company back in 2020** that by 2023, the market size will grow to $12 billion, but this ** is actually undervalued, as the market was actually assessed at $13.2 billion last year, an average annual growth of 21% since 2019. According to Forrester, the low** market will grow to $30 billion by 2028.

The company also has two other scenarios that could arise: low gain more growth due to the popularity of artificial intelligence; Or the opposite, where AI hinders low** growth.

Outsystems, a global leader in high-performance and low-performance application development, today released its outlook on how CIOs should expect the development of generative AI and low-quality development in 2024, and how to adjust their innovation strategies accordingly to achieve business growth.

According to Gartner, ".By 2028, 75% of enterprise software engineers will use AI-coded assistants, up from less than 10% at the start of 2023。As the adoption of generative AI continues to increase among the developer community, CIOs can expect the biggest productivity gains when the technology is used alongside low**. ”

Tiago Azevedo, CIO of OutSystems, highlighted four trends that CIOs, IT leaders, developer managers, and business transformation leaders should be watching in 2024:

Businesses must equip developers with low** and generative AI skills to help them navigate the wave of disruption Customer-facing roles will be the fastest to be impacted by generative AI Cloud-native, low** development will help businesses rise from the economic ruins of 2023 Low ** will continue to remove communication barriers between developers and business leaders

According to recent information from foreign media Latestly, as a groundbreaking initiative, Assert AI announced the launch of Pratham, a groundbreaking platform that has been patented for its innovative approach to democratizing computer vision and artificial intelligence. With Pratham enabling users to unlock the potential of vision AI technology without coding or AI expertise, this is a major milestone in the field of computer vision technology. Pratham means in Hindi"First", which uses an innovative framework,Put the power of computer vision directly into the hands of users, enabling them to analyze and leverage data effortlessly

As technological advancements continue to redefine the way we interact with data, computer vision has tremendous potential because cameras are everywhere, from billions of CCTVs to mobile phones. Realizing the need for a user-friendly platform that democratizes the use of AI in analytics, Assert AI launched Pratham. This innovative platform is the first of its kind in the world, opening the door to AI for a wider audience, enabling them to unlock the full potential of computer vision without the need for complex coding or the help of AI experts.

Industry dynamics

According to a recent report by InfoWorld, a data integration platform provider, Snaplogic, a data integration platform, has launched a development tool called Genai BuilderFor creating applications and automation driven by large language models (LLMs).

Genai Builder, released on January 24 and accessible from the company, leverages conversational AI to allow business users to create LLM-powered apps and workflows for customers, employees, and partners, according to Snaplogic. The tool allows users to integrate AI with enterprise data to improve data accuracy, efficiency, and personalization, enabling customer support automation, data analysis and reporting, contract and document review, personalized marketing, and many other enterprise use cases.

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According to foreign media Hoodline's recent information,AI platform Pienso has launched a user-friendly AI generator designed for non-specialists, allowing experts to solve complex problems without coding。Conceived by MIT Lab alumni Karthik Dinakar and Birago Jones, this innovative technology aims to put powerful AI tools in the hands of those who know their field best, whether they're doctors, journalists, or anyone familiar with its unique dataset.

Pienso was originally designed to help with content management on social platforms, but its early demos were frustrated by the model's inability to capture slang about teens, until Jones spotted the glitch at the last minute; Later, when teens themselves were involved in learning about AI, the system improved dramatically, and entrepreneurs realized the potential of having subject matter experts train machine learning models – and they put this knowledge into practice with point-and-click tools. Pienso's impact extends to everything from improving the efficiency of SkyUK's customer service, to helping *** during the COVID-19 pandemic by analysing infectious disease research.

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*Since the lowcode era).

According to recent information from foreign media,The nonprofit Both ends believing uses low-tech to create digital archives and how-tos to collect, store, manage and analyze information to help children find the right home environment more efficiently and quickly。These digital tools and methods make the entire adoption process more transparent, efficient, and better protected for children.

Committed to improving the lives of orphans in places like Africa and Latin America, Two Ends Beleving (BEB) aims to provide a deeper level of care and support to disadvantaged children in these regions. Founded by former professional rugby turned-tech entrepreneur Craig Juntunen, this unique charity is based on his personal challenges in the adoption process, and BEB operates digitally and uses modern technology to solve the cumbersome and inefficient adoption process.

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According to foreign media Outlook recent news, the artificial intelligence startup factory supported by Haive, India's first artificial intelligence technology business incubator, held an artificial intelligence hackathon at St. Joseph's School of Engineering in OMR, Chennai from February 15 to February 16, 2024.

Sponsored by Flutterflow, Buildship, Haive, and TERV, the landmark event emphasized innovation and inclusivity, attracting more than 500 participants across the country, with more than 150 attending in person and the rest remotely.

The hackathon aims to democratize AI development by using no tools, which attracted the active participation of different groups of people. It is worth mentioning that a 14-year-old student won the second prize, demonstrating the inclusiveness of the event.

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According to Prnewswire, the industry's leading web and mobile app communication platform, Sendbird today announced the launch of a plug-and-play artificial intelligence chatbot. This low-cost, no-** solution is ideal for customer-facing small and medium-sized businesses such as e-commerce, healthcare, education, recruitment, travel and hospitality, and banking, all of which want to deploy AI to improve customer engagement and support. For just $99 per month, Sendbird offers an AI chatbot starter pack that creates chatbot personas, enriches knowledge, consolidates workflows, and analyzes to track the performance of support, marketing, and sales campaigns without the need for technical software development or engineering resources.

In addition, Sendbird has launched a developer-focused professional package that facilitates mobile app integration, provides more workflows, and provides additional feature calls for programmable third-party software application connectivity. Imagine a travel or shopping bot assistant that can use these connections to recommend flights, hotels, or products. Through APIs, the capabilities of AI chatbots have been extended, effectively bridging the competitive gap between SMEs and large, established platforms.

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According to a recent newsletter from foreign media, MVTEC's Merlic 55 Introduced beginner-friendly software, new plug-ins, etc"Depth counting"tools, color recognition, and high dynamic range imaging.

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According to recent information from Yahoo Finance, Simplify Healthcare, a leading enterprise payment software company, today announced the launch of its new enterprise digital innovation platform, Simplify App Fabric, which is purpose-built for payers and built from its proven platform, Simplify Health Cloud. simplify app fabric™Accelerated application development timeReduced costsEnhanced collaboration between IT and non-IT stakeholderswhile developing through low** applicationsData security and compliance are maintained

It is reported that Simplify App Fabric will:

Achieve easy application development with low ** to meet any business need.

Enable cross-functional collaboration and seamlessly track business processes across multiple teams.

Automatically update APIs for seamless integration with external systems.

Combine data and content with templates and rules to generate documents in a variety of formats.

Ensure there is an audit trail of user actions that automatically captures changes to application data.

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According to a recent report by foreign media Prnewswire, Appian Corporation (NASDAQ ***Appn) announced today that it has announced a report on the InsurTech of Everest Group2023 Peak Matrix Assessment of Low** Technology Providers in the Insurance Industry, the company was rated as:"Leader"。The report analyzes 21 low-level insurers across multiple assessment dimensions, including:

Vision and ability to successfully deliver products. Strategic roadmap, technological advancement, service capabilities, flexibility and ease of deployment, engagement and business models, and overall capabilities supported. Market impact and the ability to deliver value through market adoption, customer portfolio mix, and delivery. The report notes that insurers are looking for support to manage the technology environment, address talent shortages, and respond to changing market dynamics. Insurers are increasingly relying on low-level technology to enable rapid application development and integration, and to meet the need for timely time-to-market. The reason why appian was rated in the report"Leader"YesBecause its strong value proposition is able to meet the needs of insurers across the entire value chain

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Capital dynamics

According to foreign media reports, after the release of the latest quarterly earnings report, the share price of business process management software provider PegaSystems (referred to as PEGA) rose more than 14% in after-hours trading. The company reported adjusted earnings per share of 1$77, up sharply from 82 cents in the fourth quarter of 2022, with revenue of $4$74.2 billion, up 20% year-over-year. The result far exceeded analysts' expectations of earnings of 98 cents per share and 4$14.6 billion in revenue. This strong performance for PEGA was driven by strong growth across all of the company's business units. The company's cloud services product, Pega Cloud, reported a 25% increase in revenue to 1$203.5 billion. Maintenance services revenue increased 18% to $86.65 million; Subscription revenue, including services and licensing, grew by a staggering 87% to 4$145.5 billion.

Founded in 1983, PEGA is a leading low** platform provider focused on optimizing customer engagement and business process management with artificial intelligence (AI)-driven decision-making and workflow automation. Through its main product, the Pega Infinity platform, which combines business process management (BPM) and customer relationship management (CRM), the company provides efficient and innovative solutions to global enterprises, especially in industries such as finance, insurance, and healthcare.

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According to foreign media reports a few days ago, Flutterflow is building a low-level platform for mobile app developers, and announced in January that it has completed a $25.5 million Series A round of financing led by **original Google Ventures), Gradient Ventures (Google's AI-focused venture capital**), Xoogler Ventures and Y Combinator, with a valuation of about 1$700 million. The funding brings Flutterflow's total funding to date to $30 million, which will be used to expand Flutterflow's enterprise operations and "significantly" increase its investment in AI, according to CEO and co-founder Abel Mengistu.

FlutterFlow offers low-level tools designed to simplify app building on iOS and Android, as well as desktop operating systems such as Windows and macOS. Leveraging Flutter, Google's open-source UI creation toolkit, FlutterFlow generated an app feed that ABEL describes as "clean" and "maintainable."

*Since the lowcode era).

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