In a fast-changing tech world, application development has undergone a notable shift. The rise of no-code and low-code platforms has transformed software creation, enabling people from diverse backgrounds to build impactful applications without extensive coding knowledge. In this article, we will explore the realm of no-code and low-code development, highlighting their advantages over traditional approaches and their potential when combined with AI on Oraichain layer 1 network. By examining these innovative platforms, we reveal their impact on the future of application creation and the acceleration of AI-enhanced dApps adoption.
What is no-code and low-code development?
Low-code development platforms remove part of the development complexity by allowing users to build applications using drag-and-drop functionality. Some coding knowledge is still highly recommended. These platforms are perfect for professional developers who are looking to reduce their time to market, providing a combination of pre-built components and CLI to create a more efficient experience.
No-code platforms, on the other hand, provide a more simplified interface and are designed to expand accessibility, enabling first-time builders with little-to-no technical background to quickly build powerful applications. No-code platforms feature components that have been thoroughly tested for security, ensuring safety for end users and reducing the risk of human error by inexperienced developers. This approach aims to boost speed and efficiency where extensive and intricate coding is unnecessary, but lacks the flexibility for full customization.
The line between no-code and low-code isn't always clear. While both categories feature pre-built components and aim to alleviate similar pain points, the target end user will vary. For instance, no-code platforms may be appropriate for “citizen developers”, businesses may prefer the flexibility and customizability that low-code platforms offer.
What is a citizen developer?
As we talk about low-code and no-code platforms, it’s likely that we encounter an additional compelling facet: the emergence of what is known as "citizen developers." These individuals, often with limited or no formal coding background, are gaining the ability to create functional applications using intuitive interfaces and visual components provided by these platforms.
As the blockchain ecosystem continues to mature and grow, many users are motivated to begin developing their own applications, but this poses significant challenges. First, the cost of hiring developers, especially in the blockchain space, continues to rise dramatically. Second, developing a blockchain application requires a wide range of expertise, encompassing a myriad of coding languages and infrastructure tools that demand extensive education and training.
With low-code and no-code platforms, these challenges are no longer insurmountable. Citizen developers play an important role, often building consumer applications that fill a particular niche that has thus far been missed by more established teams. This manifestation of distributed capitalism directly connects the consumers' needs to the product, leading to a more diverse ecosystem of applications with strong market fit.
Why are more businesses using low-code?
Optimized Speed and Cost
The need for faster, cheaper, and more efficient software development has become paramount, driving digital transformation and innovation. Businesses are seeking solutions that expedite app development, and no-code and low-code platforms are at the forefront of this revolution. These platforms can drastically reduce app development time by up to 90% (source), presenting a significant advantage in today's fast-paced market. This allows businesses to focus more on logic and go-to-market strategy and less time repetitive, labor intensive coding tasks, especially in situations where rapid iteration is essential to success.
Reducing IT Backlog and Enhancing Responsiveness
One of the significant drawbacks in traditional software development is the accumulation of IT backlog, which hampers agility and responsiveness. No-code and low-code platforms address this concern by enabling quicker app development cycles. This efficiency gain empowers IT teams to be more responsive to business needs and shifts the focus from managing backlog to delivering value-adding solutions.
The Role of Cloud Computing
The surge in cloud computing's popularity is a complementary factor driving the adoption of no-code and low-code platforms. The cloud's inherent scalability and ease of deployment have created an environment conducive to these platforms' effectiveness. With cloud infrastructure, deploying and managing no-code development becomes more streamlined, further bolstering their appeal to businesses.
Empowering Non-Technical Users
As businesses strive for agility, non-technical users are stepping into the app development arena. No-code and low-code platforms democratize the creation of applications, allowing users without programming backgrounds to actively contribute to innovation. This trend aligns with a growing desire for self-service, enabling employees to develop solutions that improve their processes and enhance overall efficiency.
Cost Efficiency and Access to Wider Talent Pools
No-code and low-code development tools have not only redefined the development process but also transformed its economics. By reducing the need to hire extensive development teams, businesses can bring applications to market faster and more cost-effectively (source). This cost efficiency is especially pronounced in low-code adoption, where companies can save substantial sums by avoiding the hiring of additional software developers (source). This approach also taps into a broader talent pool, as specialized skills are not a prerequisite for utilizing these platforms.
Rising Tide: The Adoption and Expanding Landscape of No-Code and Low-Code Platforms
The trajectory of software development is rapidly changing, with Gartner predicting that by 2025, nearly 70% of newly developed applications within organizations will employ no-code or low-code technologies, marking a significant shift from the sub-25% figure in 2020. In parallel, the forecast is similarly promising for medium and large-sized enterprises, where over 50% are projected to integrate a low-code platform into their core application framework by 2023 (source). This surge is fueled by the drive for streamlined application development, enabling businesses to achieve faster time-to-market and transition from reactive to digitally proactive paradigms.
The global market is echoing these transformations, with the low-code platform sector’s valuation approaching an impressive $22.5 billion in 2022 and poised to ascend further, reaching approximately $32 billion by 2024 (source). Meanwhile, the no-code development platforms arena saw a valuation of $12.17 billion in 2020, and its expansion journey is projected to reach $68.05 billion by 2028, backed by a remarkable revenue CAGR of 24.2%, as analyzed by Emergen Research.
This promising trajectory is substantiated by a plethora of trailblazing startups and companies that have wholeheartedly embraced the no-code and low-code ethos. Among them are industry disruptors like Dividend Finance, BloomTech, Comet, Zapier, and Airtable, each unleashing innovative solutions in diverse domains. These ventures collectively illuminate the spectrum of possibilities that the no-code and low-code paradigm offers, amassing substantial investments ranging from tens of thousands to several millions of dollars.
How do low-code and no-code work?
In the traditional realm of software development, crafting computer programs or applications often involves skilled programmers meticulously writing lines of intricate code. This demands an in-depth grasp of programming languages, coupled with an understanding of development environments, deployment processes, and rigorous testing procedures.
Enter the domain of low-code and no-code platforms, where the intricate complexities are concealed behind the scenes. These platforms encapsulate the programming intricacies into reusable components, each representing specific functionalities or processes containing the essential code. Users are then empowered to visually select and interconnect these components, orchestrating a computerized workflow that aligns with their objectives.
Imagine this process akin to sketching a flowchart rather than embarking on the arduous task of crafting line-by-line codes for every single desired function or capability. These platforms usher in a novel approach that not only simplifies the development process but also facilitates experimentation, prototyping, testing, and the eventual deployment of applications. Through this ingenious convergence of user-friendly interfaces and underlying complexity, no-code and low-code platforms reshape the way applications are conceptualized, created, and brought to life. (source: Outsystems)
Exploring Oraichain's Evolving Low-Code and No-Code Landscape
Orchai's Role in Low-Code DeFi Innovation
Orchai, a growing AI-powered DeFi Orchestrator incubated in the Oraichain ecosystem, is ushering in a new era of DeFi management through its cutting-edge low-code platform. With a range of protocols and features powered by AI, Orchai is a comprehensive DeFi platform designed for optimal efficiency and user-centric experiences.
Orchai's diversified ecosystem encompasses various products, all aimed at enhancing the DeFi experience. Among Orchai's upcoming offerings are Combinator, Auto Trader, and Alert Hub, poised to provide users with enhanced DeFi management capabilities.
Andromeda Protocol Brings Low-Code dApp Development to Oraichain
Oraichain recently partnered with Andromeda Protocol, bringing low-code dApp development to the ecosystem and placing some of the most powerful tools in the hands of Oraichain’s citizen developers. Andromeda Operating System (aOS) features a library of pre-built components called Andromeda Digital Objects (ADOs). ADOs can be individual smart contracts or full dApps templates, allowing users to customize their workflow with a simple drag and drop interface.
Experienced developers are encouraged to build the solutions they need, adding to the ADO library and expanding resources for aOS users. Taking it a step further, aOS is built to empower developers, allowing them to monetize their unique ADOs. This mechanism is a revolution in the open-source movement, ensuring that builders can earn for their hard work and scale their business while adding value to both Andromeda and all supported networks.
Andromeda Protocol’s unique multi-chain outlook is another exciting aspect. Rather than building a system to support developers on their sovereign chain exclusively, aOS enables developers to deploy dApps across many chains simultaneously. Overall, these solutions present an excellent opportunity for both Web3 native developers unfamiliar with the Cosmos ecosystem and traditional businesses interested in adopting blockchain. aOS has the potential to dynamically increase developer activity on Oraichain and give community members an opportunity to build their unique applications in minutes instead of months.
The potential of a Low-code/No-code dApp Builder for AI-enhanced dApps on Oraichain Ecosystem
In the dynamic realm of application development, a captivating convergence is unfolding—one that wields the formidable synergy of no-code and low-code platforms entwined with the boundless potential of AI technology. This harmonious union isn't just a technological melding; it's a seismic shift that's redefining the landscape of AI-enhanced decentralized applications (dApps).
The canvas of dApp creation is expanding, extending its borders beyond the realm of complex coding languages. Imagine a future where the art of crafting transformative applications isn't limited to those versed in cryptic syntax. No-code and low-code platforms are painting this future. These platforms should empower dreamers, thinkers, and innovators from all walks of life to participate actively in the blockchain revolution.
Our aim is to create a future where the gates to innovation are open to all. With AI-infused dApps created effortlessly using user-friendly tools, we're embracing a future where your ideas don't require complex codes to breathe life into them. Traditional developers and non-technical users alike can harness AI capabilities without needing extensive coding expertise.
With low-code/no-code's power, dApps developers can leverage pre-built components and interfaces, cutting down development time and enhancing the speed at which innovative applications hit the market.
In a rapidly evolving tech landscape, software development has undergone a transformative shift. The rise of no-code and low-code platforms has leveled the playing field, allowing diverse individuals to create impactful apps without complex coding. We explored their surge, adoption drivers, and the exciting intersection of AI and low-code on Oraichain.
As we peer into the future, the potential for innovation is limitless. We envision AI-enhanced dApps crafted with speed, simplicity, and accessibility. The road ahead promises more inclusion, faster creations, and newfound possibilities. We invite our community to join the conversation as we shape this exciting trajectory together.
Oraichain provides multidimensional trustworthy proofs of AI and enables secure integration with Web3. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI Oracle, DINO Hub with DINO Center, AI Marketplace & Data Marketplace, fully on-chain VRF, AI-based NFT generation & copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, Cosmwasm IDE, and many more. Oraichain is the world’s first Layer 1 of AI oracle and Trustworthy Proofs™️.