How CIOs Can Drive ROI of Digital Transformation with Low-Code
Aug 13

How CIOs Can Drive ROI of Digital Transformation with Low-Code

The role of CIOs has evolved. With the emergence of the app economy, they need to adapt to a hyper-connected world, work with the next-gen, digital workforce, and adopt a strategic role.

To support the fact that the role of CIOs is changing,  the 2019 State of the CIO’ report by IDG states,

“67% of IT leaders are spending more time on business strategist activities to help drive innovation and nurture go-to-market plans.

Over the next 3 years, CIOs expect to not only retain but to expand their newly-established business strategist charter.

77% of CIOs are planning to devote time to activities like driving business innovation.”

What’s your level of involvement? How are you planning to drive business innovation? Where would you start your digital transformation journey? Take a look at our previous post which emphasizes that the best place to start would be at the core, which is IT. 

To achieve digital transformation success, enterprise application development is emerging as an integral aspect. Get to know how you can drive digital transformation ROI using enterprise application development and low-code platforms.

Leveraging the Power of Low-Code

How rapid application development platforms help CIOs drive digital transformation ROI

  • Modernize with Transformative Technology – Traditional software and application development falls short of fulfilling the hyper demands of modern enterprise applications. They are linear, time-consuming to develop, have minimum iterations and low customer / user interaction. The essence of your digital transformation strategy needs to primarily revolve around modernizing traditional software.

In modern enterprise application development, ‘transformative technologies’ such as rapid application development platforms drive ROI by providing ready-made application infrastructure, full stack development, improved usability with rich user interfaces, predefined best of breed technology stack, API-driven integration and business user participation.

  • Align Strategically. 1% Vision + 99% Alignment = Performance – Your strategy, digital or otherwise could be visionary, but it is ineffective if its not aligned to the business objectives and user needs. C-Level executives must be tuned into the needs of their business, customers and users to drive experiences that revolve around their expectations.

By adopting low-code platforms and rapid application development, you can align teams and enable them to focus on innovation providing the necessary support to your digital transformation strategy and revenue-generation initiatives.

  • Enhance User Experience (UX) in the Experience Economy – Your business users are your customers and every CIO needs to tune into their pulse. To materialize exceptional UX, you need to understand their line of work, how they function, what they need to improve productivity and how they collaborate and communicate. The framework of your enterprise application development strategy ideally needs to revolve around their ethos.

Low-code platforms provide the agility to create and deliver custom-built applications that revolve around user preferences, with the speed that resonates to demand. CIOs who utilize rapid application development to implement their DX strategy have a better opportunity to create custom enterprise apps that adapt to experiences rather than devices.

  • Realize Real ROI in Line of Business (LOB) Apps – Transformation is an enterprise-endeavor and enterprise app development is a departmental endeavor. Modernization has to seep into every facet of your enterprise as different lines of business have distinct requirements. When devising digital transformation initiatives, CIOs who consider LOB apps mapped to specific requirements have been successful in improving usability and productivity, and inherently boosting ROI.

What rapid application development platforms offer that traditional IT development dosen’t is ‘inward-facing’ agility with intra-departmental APIs. By supporting the development and delivery of custom LOB apps efficiently and on-time, low-code platforms ensure enterprise agility.

  • Be Equipped with The Tools of The Trade – C-Level executives when developing transformation strategies, need to identify the right type of IT infrastructure. Given the evolving demands of the digital workforce, transformation initiatives require IT infrastructure to be flexible, agile and cost-effective.

As traditional software run out of steam, enterprises can transition IT infrastructure to app modernization using low-code development. With rapid app development and agile integration, CIOs can support the digitally-empowered workforce in a cost-effective and efficient manner.

  • Be the Leader of Change or You May be Forced to Follow – To achieve successful digital transformation, CIOs have got to be the leaders of change. The digital workplace thrives on collaboration and to be effective it requires the involvement of the entire enterprise.

To realize ROI on modernization and transformation, CIOs need to ensure a culture of innovation, where creativity and productivity are instilled. They have to be committed, involved and encourage technology enthusiasts to work on emerging technologies.

CIO’s ‘Not-so-Secret’ Approach to Digital Transformation Success

Business transformation is all-encompassing, it affects everyone, involves everyone, and requires strategic alignment between processes, people, technology and culture. There is a ‘not-so-secret’ approach to digital transformation success. It’s the innovation philosophy of design thinking. More than ever before, CIOs are leveraging design thinking (observing and analyzing user behavior to gain insights) when devising IT development strategies. This however, will be covered intensively in another article.

As a tip-off, there are several sides of digital transformation you need to consider:

  • The ‘technology-centricity trap’. Does application of the new technology solve a need?
  • App-fatigue. Does every business unit need a line-of-business (LOB) app?
  • CEO buy-in. Does your digital transformation strategy have the stamp of approval?

Many questions need to be answered, several strategies need to be made, different demands need to be met, now. As they say “take your time but hurry up”, because digital transformation demands velocity!

With transformation comes change

With change comes making choices

With choosing comes responsibility

Make it count!

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