How Appian software company is preparing for a new stage of IT development

The company is a cloud solutions provider. Appian Corp. (APPN) expects its low-code platform and new data mining tools to ensure sales growth in the following IT development cycle. Appian has already gone through several stages in the development of the information technology market, including successfully overcoming crises, starting with the dot-com crash. Appian’s service concept proved successful enough for the company to finance itself independently. 

Appian has its low-code platform, a set of tools that allows you to deploy and operate IT services without writing a lot of basic code. Usually, time-consuming programming in systems with low-code concepts by a more straightforward, intuitive visual interface. The low-code platform allows Appian management to plan the company’s future, even in a possible recession. Moreover, the slowdown in the economy and the need to reduce control costs may force organizations to pay attention to low-code technologies. 

Appian CEO Matt Calkins recently stated that his company is ready for a possible recession in the third quarter, and measures have already been taken to prepare for such a scenario. One of the stages of preparation was the purchase by Appian of the Lana Labs data-mining business. This company has valuable developments in the field of analysis and subsequent automation of processes. Lana Labs solutions work well with Appian’s low-code platform. Lana Labs data mining is the initial stage on the way to the location that Appian is engaged in — process automation. According to Appian management, such technologies will be in high demand during the economic downturn.