Low code app development

The average cost of a software development project ranges from $434,000 for a small company to $2,322,000 for a large company[1]. In addition to high costs, 31.1% of projects are cancelled before completion, 52.7% will cost 89% more than their original estimates, and only 16.2% are completed on-time and on-budget[1]. Furthermore, recruiting software engineers has become increasingly difficult as demand is high and supply is low[3]. In a fast-paced world where organizations are struggling to compete, companies are looking for quicker and cheaper ways to meet their software needs. In response, no-code and low-code development platforms (LCDPs) have emerged with the promise that organizations can hire business professionals with no coding experience to build applications[2].