Baseball legend Satchel Paige is reported to have said: "Don't look back. Something might be gaining on you."
In the digital economy, that "something" might be digital disruption.
One of the biggest challenges for large companies is the relentless pressure to evolve. Many long-time successful brands run into trouble when they should be building on innovation but don't.
Here's the thing. Back in the predigital day, it could take years for competitors to run down a major brand. But with the rise of digital transformation not to mention the recent frenzy of mergers & acquisitions companies on the S&P index are being replaced, on average, every two weeks, according to researchers at Innosight.
On top of that,over 50% of Fortune 500 companies have gone extinct since 2000, according to Constellation Research.
The question is, will your industry...your organization...your business be next?
So how can you compete and win? If you're already on top, how can you stay there? The answer, in short, is low-code digital transformation.
And here's the good part. By the end of this decade, the percentage of enterprises with advanced digital transformation strategies is expected to more than double, according to IDC.
Coincidentally, low-code development will continue to rise, as app development shifts away from IT to business users, and businesses no longer have to choose between custom apps or off-the-shelf software.
The truth is, the world of enterprise software development is evolving. Today, software is essential to automating the things that make us successful, that distinguish us from competitors, that help us to overcome disruption.
But disruption is a relentless beast. You just can't stand pat, continue to do things as you always have, and expect to dodge disruption in the long run. Sooner or later it's going to catch up to you.
Perhaps a better choice is to pick a spot in your organization where digital transformation will have a big impact. Then, go all out on implementation.
In his book entitled "The Rise and Fall of American Growth," author Robert Gordon warns that America's innovation engine has run out of gas. Gordon argues that productivity growth will be further held back, if we are unable to reboot innovation.
Enter low-code development.
The best low-code platforms can multiply developer productivity by a factor of 10 or more, making old school approaches to app development look, well, old school.
Everything about low code is graphical from its intuitive approach to wizards and prebuilt interfaces, all the way down to integrating a new data source, making a rule, or creating a form or a user.
This user-friendly approach to app development allows skilled developers to build and deploy secure enterprise apps faster, and immediately mobilize them. It also empowers non-developers to build apps that are automatically usable on all major devices.
If your approach to innovation has you worried about surviving and thriving in the digital economy, consider doing something different.
Low-code app development is a good place to start.
It's worth noting that PCMag recently gave Appian the nod for its second straight Editor's Choice award, as the best low-code platform for 2017. (Read the article).
What it all comes down to is this.
In the long run, the best way to overcome disruption is no looking back, just moving ahead.
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world's most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences.