Hyderabad: In the past five years, the low code / no code or LCNC patents filing growth has witnessed over 19% growth, according to GlobalData.
However, it is interesting to understand what role these Low-code\no-code (LCNC) platforms have been playing all these years. In the larger context, these platforms have a much larger than just providing a quick fit to business requirements.
These Low-code/No-code (LCNC) actually helps in addressing many issues and challenges such as shortage of skilled software developers, technical debt (cost of additional rework) and shadow IT.
In today’s fast-paced digital age, these LCNC platforms come more than handy for organisations and businesses in accelerating their digital transformation initiatives and projects.
And that’s been evident from the growth and acceptance of these LCNC platforms and the increase in the number of patents filed during the past five years.
Between 2015 and 15 Dec 2021, 19.6% of patents among all the LCNC patents filings were accepted and granted stated the GlobalData report.
“A variety of IT technologies have evolved over the last decade and therefore IT teams are required to rely on experts to embrace digitalization. Moreover, conventional custom scripts often fail to match the speed and agility of business requirements,” said Darshana Naranje, Senior Disruptive Tech Analyst – GlobalData.
“This has led to significant growth in LCNC patent filings and grants over the last five years where technology followed by financial services were the sweet spots across industries,” added Naranje.
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.
There have been some interesting patents filed in the technology space. For instance – patent no. US11069340B2 in the area of speech and audio and video recording systems.
Existing speech generation systems do not allow non-expert administrators to modify the architecture and dialogue patterns. But Microsoft has patented a system that allows non-engineer administrators to modify the existing dialogue system without programming.
The system also includes a knowledge system and learning mode which can annotate a user voice using simple language, in audio and video recording systems.
There’s another patent no. KR101815561B1 from a Korean startup in the area of ERP. While conventional ERP systems have limitations in tackling rapid modification and renewal of the enterprise business processes.
This 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.
Likewise, there’s another patent no. US11017053B2 in the financial services space. While CRM software is used to track customer information and audit sales opportunities, 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 without coding.
Another patent no. US10817662B2 in the area of automation of data collection. Unlike electronic devices, web services require time-consuming complex design, development, and deployment for data collection. But this US-based startup Kim Technologies has patented a system, which enables the automation of data collection, validation, and execution without coding.
“The COVID-19 crisis has made businesses more open to agile and innovative LCNC tools. Democratising 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,” concludes Naranje.