The success of low code implementations often comes with a curse of investing man-years of development effort to build increasingly complex applications in proprietary low code languages executable in a closed ecosystem (and commercial terms) of a specific vendor.
I believe there is a place for enterprise app platforms which are a) open source, b) not based on proprietary languages, c) with low code capabilities, fueled with AI code generation, d) runnable anywhere without staying dependent on typically user-based commercial model.
Shameless plus: we are working on such a thing, and competing with traditional low code platforms is not easy, I could tell a few stories about what we have tried, what works and what not really, if you are interested. I would be also extremely thankful for any comments and hints you may have, see https://openkoda.com