Why using a low-code platform to build your product is a competitive advantage

‍Blog Summary

Low-code development platforms are an increasingly popular and powerful alternative to traditional coding methods. They allow developers to build and deploy applications quickly and efficiently by using visual, drag-and-drop interfaces and pre-built components. This approach gives businesses a significant advantage by dramatically reducing development time and cost, as it requires less extensive coding knowledge. The resulting products are more customizable and scalable, allowing for rapid updates and the ability to adapt to a constantly evolving market. Low-code also makes software development more accessible to a wider range of talent, fostering greater innovation and creativity.‍

Key Questions Answered by the Article

What is the fundamental difference between low-code and traditional coding?‍

The fundamental difference is the development method. While traditional coding involves writing code line by line from scratch, low-code platforms use a visual development environment with drag-and-drop components and pre-built templates. This makes the process much faster and requires less extensive coding knowledge, opening up software development to a wider range of people.

What are the key benefits of using a low-code platform for a business?‍

The article identifies five key benefits for businesses: speed, as it allows for faster development and deployment; customization, enabling quicker updates and iterations to respond to market needs; scalability, making it easier and more cost-effective to add new features as the business grows; affordability, by reducing the investment in resources and training; and accessibility, which allows for a wider pool of developers to contribute to a project.

How does low-code give a business a competitive advantage?‍

Low-code gives a business an "unfair advantage" by accelerating the entire product lifecycle. It allows companies to get their product to market faster than competitors, and once a product is launched, it can be updated and iterated more quickly. This agility and speed ensure the product remains relevant and competitive in a constantly changing market, helping the business capture a larger market share and increase profitability.

Why using a low-code platform to build your product is a competitive advantage

Low-code platforms are like magic wands for developers. With just a few clicks and some drag-and-drop action, you can easily build software and applications without needing to be a coding genius. Plus, with pre-built templates and features at your fingertips, you can create a functional prototype or MVP in no time.

At Slingr, we're all about low-code. In fact, our very own Slingr HQ system was built using our own low-code platform. "We wouldn't offer a product that we wouldn't trust for our own operations," says Slingr CEO Grace Schroeder. "Not only were we able to create a product with the exact set of features that we wanted, but we were able to do it fast and continue to flexibly incorporate new features as we continue to grow."

But what exactly is low-code development and why is it such a game-changer? Here are five reasons why low-code can give you that unfair advantage:

1. Speed – First, low-code platforms allow for faster development and deployment. Instead of spending months or even years coding a product from scratch, low-code platforms allow developers to quickly and easily build a functional prototype or MVP (minimum viable product). This means that businesses can get their product to market faster, beating competitors to the punch and potentially capturing a larger share of the market.

2. Customizable – But it's not just about speed. Low-code platforms also allow for faster updates and iterations, so you can respond to market needs and customer feedback more quickly. Instead of needing to completely rebuild an application every time a change is needed, developers can simply modify and update the existing code. All this ensures that your product stays relevant and competitive.

3. Scalable – Another key benefit of low-code platforms is the ability to easily scale and adapt to changing needs. As a business grows, it may need to add new features or functionality to its product. With a traditional coding approach, this could be a time-consuming and costly process. However, with a low-code platform, it is much easier to add new features and adapt to changing business needs. This allows businesses to stay agile and competitive in a constantly evolving market.

4. Affordable – Low-code platforms also have the advantage of being more cost-effective than traditional coding approaches. As mentioned previously, low-code platforms require less investment in resources and training, as developers do not need to have extensive coding knowledge. This means that businesses can build and deploy products at a lower cost, potentially increasing their profitability.

5. Accessible – Perhaps the biggest advantage of low-code is how open it is. Traditional coding approaches require extensive knowledge and training, but low-code platforms are much easier to learn and use, making it possible for a wider range of developers to contribute. This means you can tap into a larger pool of talent and ideas, potentially increasing the creativity and innovation of your product.

All of these benefits can give your business a significant edge in the market, helping you to build and deploy successful products faster and more efficiently. So why not give low-code a try and see how it can give your business the competitive advantage it needs? 

Head to Slingr now to book a meeting and learn more.