Software development in the digital era is often challenged by skilled developer shortages, technical debt, and shadow IT. Low-code\no-code (LCNC) platforms hold a promise to fix these problems and accelerate enterprise digital transformation. With their growing acceptance in wide-scale, patent grants in the space recorded a 19.6% growth between 2015 and 15 December 2021, reveals GlobalData.
Naranje, Senior Disruptive Tech Analyst at GlobalData, notes: “A variety of IT
technologies have evolved over the last decade and therefore IT teams are
required to rely on experts to embrace digitalization. Moreover, conventional
custom scripts often fail to match the speed and agility of business
requirements. This has led to a significant growth in LCNC patent filings and
grants over the last five years where technology followed by financial services
were the sweet spots across industries.”
focus areas in technology include LCNC platform development for content
generation, web hosting, enterprise resource planning (ERP) systems, dialogue
systems, game software, and spreadsheet-based software, while financial
services encompassed LCNC platform development for financial transactions,
investments, and customer relationship management (CRM) systems.
GlobalData’s FutureTech Series report, ‘Codeless Tomorrow: Can Low-Code/No-Code Platforms Revolutionize Application Development in Digital Age?’, highlights the key trends in patent filings and grants by industry.
Existing speech generation systems do not allow non-expert administrators to
modify the architecture and dialogue patterns. Microsoft has patented a system
that allows non-engineer administrators to modify the existing dialogue system
without programming. It includes a knowledge system and learning model that can
be used to annotate a user voice using simple language, in audio and video
Conventional ERP systems have limitations in tackling rapid modification and
renewal of the enterprise business processes. Korean startup Bizentro has
patented an ERP system, which enables its clients to perform the required
business process customization in the existing system without any coding
Useful and desired information can be often lost in massive data. CRM software
is used to track customer information and audit sales opportunities. However,
it lacks business logic and templates. Callidus Software (SAP subsidiary) has
patented a CRM system that includes a content repository and a communication
portal developer to manage customer data that can be created without coding.
Electronic devices can communicate different financial and legal transactions
using web services. However, web services require complex design, development,
and deployment, which is an expensive and time-consuming process. US-based
startup Kim Technologies has patented a system, which enables the automation of
data collection, validation, and execution without coding.
concludes: “The COVID-19 crisis has made businesses more open to agile and
innovative LCNC tools. Democratizing the patents of these technologies will
become an attractive proposition to minimize the barriers between technology creation
and adoption, ultimately benefitting the drive for digital transformation.”