The days of companies driving growth through price increases are over. A combination of inflationary pressures and economic worries means tech leaders must find creative ways to help their companies grow faster or achieve their margin objectives with fewer resources.
CIOs are responding quickly. Slightly more than half (55%) of tech leaders surveyed by Gartner in late 2022 said they had already slowed down hiring for new positions.1 Another 52% implemented across-the-board spending cuts.2
Yet even the darkest economic predictions aren’t dampening CIOs’ enthusiasm. In early 2023, 94% of tech leaders told consulting firm EY that they believe company-wide innovation will help them emerge from the current economic downturn stronger than before.3 But how do you cut costs and innovate at the same time?
To find an answer in this highly uncertain business environment and rapidly evolving technology environment, companies are embracing practical, affordable solutions that will help them adapt and innovate at speed and scale. Increasingly, CIOs are finding that using a high-performance low-code platform is an optimal way to simultaneously innovate and maximize operational efficiency, and in many cases, fund the development of future apps with the savings generated from current apps.
In this guide, you’ll discover:
- 3 traits that help organizations innovate faster today
- The benefits of a high-performance low-code platform
- Impactful use cases that empower organizations to enhance workforce efficiency and improve their processes and technology