Insight

The lowdown on low code

Managing potential risks while enabling business agility

Low-code automation

In recent years, low code has become a powerful enabler of automation and innovation that is lighting up opportunities beyond the obvious. It puts more problem-solving capabilities into the hands of non‑IT professionals while enabling employees with varying degrees of experience to swiftly produce scalable business applications in response to shifting business demands. 

By 2026, developers outside of formal IT departments will account for at least 80% of the user base for low-code development tools, up from 60% in 2021.

The market for low-code development technologies is projected to grow to $44.5 billion by 2026 at a compound annual growth rate of 19%.*

*Gartner Forecast Analysis: Low-Code Development Technologies, Worldwide – October 2022.

 

Potential risks

While low code can enable businesses the agility to build applications faster, this new technology can potentially expose businesses to new risks.

Our new article summarizes these potential risks, while offering ways to create an effective technology risk framework to allow organizations to reap the benefits of low-code automation while managing risks.

The lowdown on low code
While low code can enable businesses the agility to build applications faster, this new technology can potentially expose businesses to new risks.

 

Watch our webcast replay

KPMG Technology Risk Modernization - Centers of Excellence

The threat landscape in today’s volatile environment continues to evolve shifting attack vectors and variable risks. As digital transformations accelerate in business functions at a record pace, our Technology Risk Management network has developed the KPMG Technology Risk Modernization Centers of Excellence (COE) to provide insights and help organizations evolve their capabilities to respond to digital acceleration, cloud transformation, and emerging technologies.

Our COE can help organizations:

  • Gain deep knowledge and understanding of emerging modern technologies and empower them with KPMG thought leadership and customizable toolkits that contain robust risk and control taxonomies and methodologies to support our organization’s needs.
  • Respond to their continued digitization of their customers’ experience, enhanced IT architecture, and help them advance their IT operating model using emerging technologies, which will transform their risk posture.
  • Harness the services of KPMG’s diverse services, including our Cyber, CIOA, Cloud, Lighthouse, Powered, and other Risk Assurance service networks to deliver a comprehensive technology modernization offering.

Learn more here.

 

Related insights

Contact us

Nana Amonoo Neizer

Nana Amonoo Neizer

Director Advisory, Technology Risk Management, KPMG US

+1 402-999-1816
Beth A. McKenney

Beth A. McKenney

Principal, Technology Risk Management, KPMG LLP

+1 313 230 3406
Brian Consolvo

Brian Consolvo

Principal, KPMG LLP

+1 757-646-6378