I've cobbled together email sign up forms for some non-technical side projects with Google Forms, App Script and MailChimp.
I'm not a frontend developer so maybe frontend folks will tell me it's super easy, but my feeling is that there is a lot of space for low code tools that produce software that is not polished, but good enough.
It might be that This Time Is Different, but there were a lot of times in the past when "This Time Was Different" too.
I think low-code is basically just graphical programming. If you want it more powerful/universal you need to code just the same. There might just be more or less big library helpers/blocks. Maybe it's just the next step of being "high-level" and now is indeed the time for it.
Also if you manage to write something as a nice XML/yaml/json you might as well put a nice UI on it.
"Does this technology provide a means for seizing control of the existing economy?" That's the question which investors should be asking.
I think cryptocurrency is the only technology which can achieve this due to the way it transcends existing legal frameworks in terms of ownership rights; a bit like the notion of corporate personhood allowed corporations to gain an upper hand and transcend the legal frameworks of its time.
Corporate stocks were vehicles for inter-generational wealth transfer and the next vehicles will be cryptocurrencies.
IMO stuff like serverless, OpenAPI, some of the boilerplates out there, etc are already heading in that direction. It used to take me a week to build a standard CRUD API with a handful of models, now I can do it circa 15-30min.
The overarching concept of No Code/ Low Code is that "code" is the hard part of building software, ergo if we can make it so "normal" people don't have to code the problem is solved. Of course we all know that code isn't the hard part of the job- if code was the issue software developers would all be using No Code/ Low Code solutions already (as it's been pointed out, they've been around forever).
No Code/ Low Code is about selling accessibility to the wantrepreneur crowd... the same people that have an "app idea" that they want you to build. It's a huge market, but it isn't going to have an impact on software development any more than model rockets would have on the aerospace industry.
If the No Code/ Low Code tools were any good software developers would already be using them.
(When I am talking about No Code/ Low code, I am not talking about things like Webflow / Dreamweaver NOT solutions like Serverless.)