Low-Code/No-Code Patents Rise to Transform Software Development
Research focus areas in technology include LCNC platform development for content generation, web hosting, ERP systems, game software and more, GlobalData reports.
January 24, 2022
Software development in the digital era is complicated by skilled developer shortages, technical debt and shadow IT. Low-code/no-code (LCNC) platforms can help address these problems and boost enterprise digital transformation. With their acceptance in scale, patent grants in the space recorded a 19.6% growth between 2015 and December 15, 2021, reveals GlobalData, a data and analytics company.
“A variety of IT technologies have evolved over the last decade and therefore IT teams are required to rely on experts to embrace digitalization,” Darshana Naranje, senior disruptive tech analyst at GlobalData, notes. “Moreover, conventional custom scripts often fail to match the speed and agility of business requirements.”
Research 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 key trends in patent filings and grants by industry.
KR101815561B1: 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 expertise.
US11017053B2: 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.
“The COVID-19 crisis has made businesses more open to agile and innovative LCNC tools,” says Naranje concludes. “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.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.