How to weather the Brexit storms and stay a step ahead of Techxit impact with Low‑code
With the dust now settled on ballot boxes and campaign posters carefully rolled and deposited in recycling bins – the time has come to start putting our Brexit contingency plans into action. Naturally, you will have strategies in place for coping with a pause in investment and preparing for new legislation and trading rules. You may not, however, have anticipated a (now) widely predicted Techxit. So, if your plans rely heavily on updating or replacing legacy IT it may be the ideal time for you to investigate how Low-code could help your business.
How can Low-code help in a post-Brexit world?
Reducing “credit card IT”
Many companies have manufactured an environment where business users, fed up of waiting for IT to build the systems they want, have voted with their feet – or rather, credit cards; purchasing SaaS solutions direct from the Internet. With the devaluation of sterling, these purchases start to look a lot less attractive. Replacing them, however, is still a huge challenge with traditional development – this is where Low-code can help. With Low-code development typically taking 10x less resource than traditional coding – apps can be quickly replaced with Low-code alternatives that can also offer advantages like better integration to core systems.
Closing your skills gap
For companies constrained by their ability to hire and retain staff with the right digital skills to enable transformation. If a predicted “Techxit” follows the UK’s exit from Europe, Low-code can help in two key ways. MATS “Accelerator” solutions are software components, built on Low-code, which provide functionality to the business – but their value is in the speed and simplicity of adding and extending to create the perfect fit. Accelerators for managing and developing skills and hiring sponsored overseas staff are examples of MATS Low-code Accelerators which can help you avoid a Techxit by attracting, retaining and developing key staff. In addition to Accelerators, Low-code enables to widen your digital skills pool because builders can create solutions without a coding background.
Improving your supply chain
On-boarding (and retiring) suppliers can often take too long. It creates mountains of paperwork if done properly and poor governance if it isn’t. Introducing partner on-boarding solutions based on Low-code is easy. They speed-up the process, improve communications and provide management insight. What’s more, supply chain components built on Low-code can be easily kept up to date with any regulatory changes a post-Brexit future brings.
Keeping up with regulations
Over the years, we have become so used to adhering to EU regulations it’s hard to imagine a world without them. Business software is impacted by a wide range of regulations from health and safety, through employee rights to climate control. If your solutions are built on Low-code changes can be configured without having to wait for the next release or until you can hire a specialist to update your legacy platform.
Diversifying your products and services
For businesses that rely on EU membership – it may well be time to look at changing location, or changing the business. Leading UK businesses already use Low-code to help them experiment digitally and bring new products and services to market more quickly than their competitors. Low-code helps business and IT professionals to come together and collaborate on customer centric innovation.
If you’re feeling the impact of the Brexit decision and wondering how your legacy systems will cope with change – or if you have concerns you may lose key resources to a Techxit – it could be the right time to look at Low-code more closely.
Learn more about using Low-code for co-creation
If you’d like to know more about using Low-code to support digital co-creation, ask to see a demo of our MATS platform.