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MDD is like overengineered OSI, while Low-Code is like pragmatic TCP/IP.

From my experience, vendors remain the same but use the different names to go with the marketing appetite.

Exactly. I checked with the Internet Wayback machine and it was interesting to see how some went from "agile" to "MDD" to "low-code",...

I was working at Mendix previously. I believe Low-Code resonated much better with the market.