Better Buy: Appian vs. Shopify
Appian (NASDAQ: APPN) and Shopify (NYSE: SHOP) operate in different markets, but they both help clients compete in an increasingly digital world. That has translated into big gains for shareholders, with Appian stock surging 224% and shares of Shopify up 146% in the last 12 months. But the digital transformation is far from complete.
According to the IDC (International Data Corporation), enterprises will spend a collective $6.8 trillion on digital transformation between 2020 and 2023. That should be a powerful growth driver for both of these businesses. But which is the better buy today?
Appian provides a low-code automation platform that empowers its clients to create applications quickly and cost-efficiently. If you're unfamiliar with low-code technology, the premise is simple: Rather than writing lines of computer code, users build drag-and-drop workflows to develop applications. This means anyone -- not just highly trained software developers -- can create impactful enterprise solutions.
Source Fool.com
