Innovate Finance Global Summit – An Education Challenge

Matt Thompsett Press Release

A colleague of mine at the Innovate Finance Global Summit tells me that in all his conversations with the best and brightest yesterday no one seemed to know what Low-Code is?

He’s right. The biggest challenge for us right now is not getting enlightened clients to adopt, but getting the IT ecosystem to understand, it’s about education. So here is simple brief…

The Conversation Opener

“…okay, to put it in context. Software engineering, coding, is the most manually-intensive process in the world. Tens of thousands of developers writing individual lines of code, it’s slow, prone to human error and laborious. Furthermore, because IT systems are complex the code is to…the more complexity the greater the risk and need for maintenance…and it’s getting worse as demand and expectations increase!

What is low-code?

Low Code is ultra-fast software engineering, or…

Low Code is Automated Software Engineering

SO WHAT! – IT departments are significantly more productive, delivering new apps and reducing backlog without increasing resources …


5-10 times acceleration in build velocity


Deliver to the business 5x faster

How Fast?

Typically build cycles are accelerated by a factor of 8-10x. The whole lifecycle (design to deployment) is accelerated by 4-5x.

SO WHAT! – Very, very, short design to deployment, delivery is way above the business’ expectations…

How?

Low Code automates 60-80% of the software build process by using common components and widgets, e.g. barcode scanning, google maps, card readers, database connectors, etc.

SO WHAT! – IT departments focus on the 20% that differentiates them from the competition…

What is OutSystems?

OutSystems is one of a handful of fully featured Low-Code Platforms. Research proves that 80% of what IT departments create, by hand coding, is generic across all sectors (e.g. SQL queries, integrations, automated approvals, etc). OutSystems have spent a decade building all these common tasks as components which are deployed on the platform for use on a visual canvas.

SO WHAT! – OutSystems is a leader in a proven and mature technology…

So It’s Like 4GL?

Similar concept but a quantum leap forward. OutSystems automates most coding and deployment tasks, from pixel-perfect mobile applications to fantastically complex backend integrations. It’s fully scalable, robust and extensible. So I guess you could call it “100GL”…

SO WHAT! – OutSystems and its competitors will be the industry standard within a couple of years…


Automated Software Engineering – The Digital Factory

Share this post with your network