The world is changing rapidly, making it challenging for businesses to keep up with the latest technology advancements helping businesses gain a competitive advantage. IT systems need to be able to evolve rapidly to keep pace.
This has made it even more enticing for organisations to move enterprise applications, including CRM and billing systems, into the cloud to leverage resilience, enhance scalability, improve the pace of innovation, increase developer productivity, enhance agility, and reduce costs over time.
Deloitte expects cloud revenue growth to remain at or above 30% between 2021 and 2025 as companies move to the cloud to save money, become more agile, and drive innovation. For CIOs, these investments come with several important decisions about the best cloud migration strategy and quickest approach to application development.
Making the move to the cloud
Through the pandemic, businesses have seen the benefits of being flexible and agile. Having enterprise applications in the cloud enables them to focus on delivering software and services to serve customers better. However, there are many steps that need to be taken to evolve into a digital enterprise and traditional application development processes require considerable time and resources.
Cloud needs should be considered on an application, rather than organisation, level to ensure the greatest business value. Companies can opt to replace an on-premises app with a SaaS solution, lift and shift the application to the cloud with little to no modification, or rebuild the application. This last option allows businesses to benefit from cloud-native capabilities including scalability.
Integration platform-as-a-service (iPaaS) solutions like TIBCO Cloud Integration allow these applications to connect across on-premises and cloud environments.
For CTBC Bank, initial integrations using TIBCO's platform allowed them to quickly build and deploy over 500 new services, reusing over 30% of the services built by other branches and gaining a 34% cost savings. Businesses can also develop in the cloud using microservices, making it easier to adopt modern application architecture, and process IoT data on the edge.
Why businesses should consider a low-code development approach
As we know, updating and modifying traditional applications can be a long, painful process. Teams of developers are needed to write the necessary code, test, and launch the application, but shortages of experienced developers have held up progress.
With a low-code development approach, employees can work around shortages in developer talent to deliver enterprise-class applications cost effectively without relying on the IT department since little coding is required.
This empowers companies to update applications and introduce new ones faster than traditional development timelines and enables developers of different experience levels to use it with minimal training.
The ability to deploy new applications, see results and make changes quickly contributes to business growth. The best low-code platforms provide comprehensive training for users, include capabilities to handle large-scale importing of data, and support integrations to keep applications current.
Creating enterprise applications with a low-code cloud approach can be simple, intuitive and much faster than traditional development, allowing businesses to improve customer experience, lower operational costs, boost productivity and increase revenue.
A low-code development platform also works seamlessly with existing data and applications so they all work together. This gives organisations confidence that the system is secure and properly governed.
The key for companies to compete in the current environment is agility. Integrating applications across on-premises and cloud environments as well as embracing low-code development will allow companies to innovate and create business value to keep up with the pace of change.
The TIBCO Cloud Integration platform boosts business agility by empowering a wide variety of users to quickly connect to and build out your digital landscape using an API-led and event-driven approach and by offering a broad range of architectural flexibility and choice.
Using any integration style, it empowers your people to quickly and easily connect their information assets no matter where they are. Connect cloud apps and hybrid integration flows across on-premises and cloud environments, develop cloud-native apps using microservices, and process IoT data on edge devices.
