- Low-code platforms are gaining traction driven by a shortage of developer talent, and the need to empower non-IT employees to build their own applications.
- Other benefits include reduced time-to-market and lower IT development budgets, key differentiators in a job market pressured by high wages, while firms have to undergo digital transformation.
- However, there are also uncertainties in gaining wider adoption for this new technology, and I assess how the company has addressed these.
- Ingredients for success stems from the fact that Appian provides low-code together with its existing platform, and the company has an edge over competitors with its end-to-end solution.
- There are billions of dollars of potential business opportunities, and after considering growth, profitability, and debt level, the stock is a buy.
For further details see:
Appian: Low-Code Software Development To Face A Tight Job Market