Is a low-code platform really worth it?
According to Forrester Consulting, yes it is.
Mendix commissioned the consulting firm to conduct a Total Economic Impact™ (TEI) study to examine the value of an investment in the Mendix Low-code Platform. This rigorous research process included stakeholder interviews with four Mendix customers, applying their real-world achievements into an economic model that quantifies both the expected risks and benefits of an investment in the Mendix platform.
Forrester’s composite organization realized $20.52 million in total quantified benefits over three years.
The report’s findings include the following benefits over a three-year period:
- Savings of $8.1 million in the application delivery process
- Efficiency gains of $6 million from digitizing processes
- Incremental gross profit of $3.1 million from improved customer experiences
- New gross profit of $3.3 million from accelerating time to market for new products
The report also includes feedback from interviewed Mendix customers. Get insight into how other organizations evaluated low-code, and the Mendix platform’s technology, ecosystem, and support model.
Read the full report to learn more.