On behalf of Microsoft Power Platform, Forrester conducted a “Total Economic Impact” analysis, uncovering three essential advantages accessible to organizations of all sizes through the utilization of premium features within Power Platform.
The first highlighted the benefits of using a low-code solution. The second focuses on the enablement of citizen development. The third hones in on cost reduction while achieving much more significant results.
One could ask, “Why would this be relevant to our organization?” But the right question to ask would be, “How is this not relevant to our organization, and how can we reap the benefits of easy-to-use tools designed to work today the way they do after countless hours poured in by not only one of the most prominent companies in the world but also, all their clients?”
How often have people in your organization just found a way to do something that is either not replicable or a manual process completely reliant upon user-managed steps that could go wrong at any point due to a human error? Or how often have you refrained from trying something new because your legacy application cannot support a new concept, or it would require too much effort and capital to change that solution? These are some of the vast problems that Low-Code solutions can solve. Power Platform is a leader in this vertical by allowing configurations through dragging and dropping components, building streamlined forms and views, reports and dashboards that don’t require even 10% of the work it would take otherwise without it. Moreover, everything that is built can be reused to build something else.
With traditional applications, there is an IT ticket to get your technical team to solve your issue buried under 1000 other tickets, or you engage a vendor to build customization in their enterprise application for you which comes with its plethora of problems. Citizen Development in Power Platform aims to eliminate issues such as these by providing accessible click-n-use features for advanced tools like API connectors and workflow management to the actual power users of the platform while maintaining all security standards, which is usually a significant roadblock when building new applications. Because of this, control falls back in the hands of the people who need it the most and enables them to keep the technology they use up to date with their business and consumers’ needs.
Quoting directly from the study, what was discovered was “A 45 percent decrease in application development costs.” Combining this with the increased ROI due to updated and more streamlined processes, moving forward with Power Apps becomes a no-brainer.
Based on the study, through these the three highlighted benefits, the average customer netted an additional 140 percent ROI with premium capabilities, on top of the 502 percent ROI customers earn from out-of-box Microsoft Power Platform, a 45 percent reduction in application development costs, and a net present value (NPV) of USD 8.32 million over three years.
After getting a better understanding of some of the things that could vastly change your company and set you up for success reasonably quickly, we would ask you to ask yourself the right question, which is, “How is this not relevant to our organization, and how can we reap the benefits of easy-to-use tools designed to work today the way they do after countless hours poured in by not only one of the most prominent companies in the world but also, all their clients?“