Low-code Pricing Model Dependent on Adoption Maturity | Market Insights™
March 25, 2022
Low-code Pricing
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Low-code Pricing
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Low-code Development
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COVID-19 required government departments to pull off a rapid shift to digital while at the same time managing a public health crisis. Many turned to robotic process automation (RPA) to quickly redesign their business processes and tackle the administrational backlogs that accumulated as workers were confined to their homes.
Anil Vijayan, Partner at Everest Group, says that governments’ hesitation to innovate has slowed IA adoption. “The idea of job losses, whether real or imagined, also prevents an aggressive push towards automation,” he said.
Low-code application development platforms are narrowing the gap between continuous business needs and the IT function’s limited bandwidth, especially after the pandemic. However, the industry faces an acute talent shortage, and there is a need to improve developer productivity. A subsequent rise in talent costs is also compelling organizations to cater to application development requirements internally, wherever possible, rather than looking out in the market.
Enterprises have just started using low-code solutions and successful adoption depends on selecting the right provider and platform for their needs, keeping in mind the trade-off between the cost and accompanying benefits.
This research presents detailed assessments of 14 platform providers featured on the Low-code Application Development Solutions PEAK Matrix® and categorizes them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings.
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
Artificial Intelligence (AI) has become a crucial component in enterprises’ digital transformation journeys. In the past few years, enterprises have started adopting AI at a faster pace for better resilience, cost-effectiveness, and employee productivity. They also understand the importance of explainable and responsible AI adoption to create an inclusive, fair, and bias-free process.
To achieve these objectives, enterprises are reaching out to providers to help them navigate through their talent, capability, and data management challenges, while also ensuring a customer-sensitive and conscious AI adoption approach. Consequently, providers are increasing their investments to assist enterprises in gaining value from their AI initiatives.
DOWNLOAD THE FULL REPORT Artificial Intelligence (AI) Services PEAK Matrix® Assessment
In this research, we provide detailed profiles and assessments of 20 IT service providers featured on Everest Group’s AI Services PEAK Matrix®. Each profile provides a comprehensive picture of the provider’s service focus, key Intellectual Property (IP) / solutions, domain investments, and case studies.
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
Process Mining
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Healthcare Payer
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Scaling Automation
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Automation Technologies
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digital surgery platform
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