How Low-Code Platforms Prepare Companies for Industry 4.0
Event submitted on Saturday, September 18th 2021, approved by Content Team ✓
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According to a survey commissioned by Siemens and performed by Forrester Consulting among IoT decision-makers, 46% of those polled said that partners creating vertical sector applications would be the most beneficial to their companies. OEMs that use cutting-edge technology in their products received a respectable 43% vote. If you work in this space then this would be an ideal conference to attend.
Conference Event Summary
The following description was either submitted by the Conference Organizer on Saturday, September 18th 2021, or created by us.
In a commissioned study of IoT decision-makers conducted by Forrester Consulting on behalf of Siemens, 46% of respondents reported that partners developing vertical industry applications would be the most helpful to their organizations. At 43%, OEMs who incorporate edge technologies into their devices were the second top response.
Companies need cost-effective ways to quickly build industry-vertical IoT applications and leverage built-in connectivity with edge devices.
The success rate of an enterprise-scale digital project is very slim, with 70 percent of projects either facing serious challenges or failing altogether. It’s all about collaboration. Or a lack thereof. Business collaboration can become much easier using low-code applications. Low code/ no-code solutions have the potential to reduce the development time by 90%.
The average company avoided hiring two IT developers using low code tools. This reaped about $4.4 million in increased business value over three years from the applications designed. (Forrester)
70% of low code users who had no experience at all before using low code platforms learned low code in 1 month or less.
The Mendix and MindSphere integration address the needs as well as the challenge of a dramatic shortage of development talent. By expanding the pool of human capital available in an enterprise to support the development process, and radically accelerating that process through the low-code platform, companies can achieve a faster, greater return on their IoT investment.