In serverless computing, the developer relinquishes the management of resources to the cloud provider while focusing on improving the application logic and coding. Due to the immense benefits associated with this approach, it has recently attracted the attention of both industry and academy practitioners. Hence, this article explores the transformative impact of serverless computing on the various stages of application development, including design, development, testing, deployment, and maintenance. By examining the specific ways in which serverless computing transforms each stage, the authors uncover the advantages and benefits of using this emerging technology. The research shows that serverless computing accelerates the development lifecycle of applications as compared to traditional server-based architectures. In addition, this study provides valuable insights into the ways in which developers can leverage serverless computing to improve their workflows and productivity.