Today, application development is everyone’s business — whether or not your organization belongs to the tech industry. Applications have become the fundamental drivers of business transformation and underlie just about every modern-day innovation in today’s technology-driven world and will continue to do so in the future. However, as organizations strive to develop business apps to transform the way they work and operate, they come across many hurdles.
Enter No-code solutions, which enables organizations to reduce costs, time, and complexities involved in the app development process. It empowers everyone within your organization by providing the ability to create custom, scalable business applications all without help from professional developers. Such solutions enable business users (who don’t code) to develop applications up to eight times faster with point-and-click configurations and generate powerful reports without custom coding. A Gartner research suggests “that Low & No-code application platforms will account for 65 percent of all app development by 2024.” While Forrester predicts that the market for such solutions will top $21 billion in spending by 2022. It is quite clear that the “future of coding is no coding”.
As a result, No-code application development is catching pace among most industries. Gone are the days when organizations had to tolerate year-long app development cycles and spend exorbitantly for hiring a development team to build an app just because they weren’t a technology organization. No-code solutions are empowering organizations across diverse industries to easily and rapidly build essential business applications. It allows them to support employees’ and customers’ expectations and lays the cornerstone of a long-term IT strategy.
Now, let us take a look at how No-code development is proving to be a gamechanger and shaping the future for various industries.
Banking and Finance
The banking industry is always in a constant state of flux. The adoption of No-code solutions helps banks to stay nimble and respond to the new regulations across different jurisdictions. It enables financial organizations to stay agile and match customer expectations. No-code solutions also transform the back-office processes by automation of reporting tasks, daily workflows, and other routine tasks. It enables timely insights into consumer behavior and other aspects to allow management to make data-driven decisions.
The adoption of No-code solutions enables healthcare providers to improve their efficiency across the entire operations. Data security and regulatory compliance are the top priorities while developing a healthcare application. No-code solutions allow healthcare providers to easily develop HIPAA-compliant and secure apps to fulfill compliance requirements. Such solutions empower the organizations to build apps at fraction of the cost and time to enhance the patient journey. Additionally, No-code solutions provide templates to build administrative dashboards and custom database apps in a code-free manner. As a result, organizations have better insights to stay on top of budgeting requirements, revenue management, data sharing, and document management.
Apps developed utilizing the No-code solutions enables insurers to drive customer excellence and reduce operational costs. Insurers can develop rapid solutions to track and manage claims better. It can be used by insurers to decrease underwriting and claims-processing costs. As a flexible solution, No-code allows organizations to implement new regulations quickly and reduce legacy IT debt.
The No-code movement has been a major contributor to government digital transformation initiatives. It has facilitated government organizations and agencies to drive change and ensure better citizen experiences by empowering the government staff to turn their ideas into apps and facilitating the IT to breeze through app development. While No-code solutions can be leveraged to build innovative citizen-centric applications, it can also inject speed and increase the efficiency of government processes through the implementation of workflows and other automation. The dashboards and reports created through the No-code solution can act as a stimulus for change and help the organizations implement new policies confidently.
Retail and Manufacturing
No-code solutions allow flexibility to the retailers and manufacturers. Organizations can come up with several essential business process management apps that facilitate the work of various departments, including sales, finance, purchasing, and inventory. With the use of No-code tools, retailers and manufacturers can create apps that deliver real-time inventory information, sales tracking, and several other key insights. Organizations can leverage sales data to create more penetrative marketing plans and launch offers.
As the market for No-code development proliferates widely across different industries, the adoption of such a solution seems a wise choice. Implementation of this transformative technology provides many opportunities and benefits towards growth, diversification, and integration. Organizations empowered with No-code solutions can quickly adjust to new circumstances and efficiently address their customer needs. It is evident from the above arguments that No-code solutions are indispensable for organizations across any industry that want to inspire innovation and stay future-ready. QuickApps is a No-code solution meant to simplify SharePoint application development and customization. It enables business users to create applications and automate business processes up to 80% faster with a simple point-and-click configuration. Download a FREE TRIAL to experience how the product can transform your business.