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5 Retail Supply Chain Challenges and How To Use Low-Code To Overcome Them

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In recent years, many businesses across numerous different industries have faced prevailing retail supply chain issues. Evolving consumer expectations and market trends have made retail supply chains more unpredictable than ever before. However, these challenges can result in a loss of efficiency, productivity and ultimate profitability for modern businesses. Therefore, businesses must recognize the value of low-code enterprise application development tools to identify and address various retail supply chain challenges.

Low-code is defined as a graphic approach to enterprise application and software development that provides users with user-friendly drag-and-drop tools, integration tools, agility features and better security. Research indicates that the global low-code platform market is forecasted to generate a revenue of $187 billion by the year 2030, with a Compound Annual Growth Rate (CAGR) of 31.1%.

Low-code technology can help businesses access real-time data analytics that can facilitate more informed decision-making processes, identify inefficient business processes and potential vulnerabilities in the supply chain, design and automate various organizational workflows, build powerful and high-functioning enterprise applications that can improve communication between various intermediaries in the retail supply chain and much more.

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How To Improve KYC Compliance With Low-Code

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KYC is defined as a ‘Know Your Customer’ or ‘Know Your Client’ process that involves verifying a user’s identity as well as the suitability and potential risks involved with maintaining a business relationship. KYC procedures are especially crucial for financial institutions to understand the nature of a customer’s activity, verify their identity, confirm the legitimacy of a customer’s financial history before providing loans and evaluate potential risks.

It is an essential tool for helping to protect organizations across numerous industries from fraud and other illegal activity. As business processes become more and more complex, modern organizations across all industries such as insurance, banking, retail and much more must closely monitor KYC compliance. However, KYC compliance can often be extremely time-consuming if performed using manual processes.

Low-code is a visual approach to software development that requires almost no traditional coding to create powerful enterprise applications and business processes. These platforms enable citizen developers with little to no traditional coding experience to leverage the power of low-code automation to eliminate various time-consuming, impractical aspects of KYC compliance. Recent studies have shown that 26% of executives believe that low-code platforms are the most critical investment in automation.

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How Healthcare and Health Tech are Using Low-Code To Improve Their Services

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Low-code is defined as a visual approach to software and application development that enables citizen developers with little to no traditional coding experience to build powerful solutions using drag-and-drop features, graphical user interfaces and visual modeling. As digital technology continues to advance, low-code technology is becoming increasingly essential for all modern, data-driven organizations across various industries.

Businesses can leverage low-code tools to build effective enterprise applications and workflows without having to spend large amounts of time undergoing complex, repetitive and time-consuming manual coding processes.  Recent studies have shown that the global low-code development platform industry is forecasted to reach a market value of approximately $187 billion with a Compound Annual Growth Rate (CAGR) of 31.1% by the year 2030. Therefore, more and more companies are now choosing low-code development platforms to help refine existing business processes and improve operations as a whole.

In recent years, healthcare industries have been forced to evolve and upgrade their services more than ever before. However, this can be extremely difficult as business processes continue to become more complex and organizational resources become more scarce. Therefore, instead of relying on outdated systems that may not be compatible with emerging technology, healthcare organizations can leverage the power of low-code development to significantly improve their services. Incorporating low-code technology into developing health-tech applications and solutions can help make business processes more cost-effective, efficient and profitable.

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Why NGOs And Non-Profits Are Turning To Open-Source Low-Code Platforms To Build Their Solutions

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Open-source software is defined as a solution that enables end-users to freely access, modify and redistribute modified source code. Open-source software can be extremely useful for helping businesses develop high-quality software in a much more cost-effective manner than ever before. A recent study has shown that approximately 82% of businesses currently utilize open-source platforms to drive innovation in their organization.

Low-code is a visual approach to software development that requires little to no manual coding to create powerful enterprise applications and business processes. Low-code platforms can enable users to take advantage of visual interfaces, drag-and-drop tools and instant mobility. As digital technology continues to develop at an exponential rate, open-source, low-code platforms are becoming more and more popular for all types of organizations, including NGOs and nonprofit organizations.

NGOs and nonprofits can leverage open-source low-code platforms to build solutions that can support fundraising campaigns, accelerate productivity, improve internal and external communication and much more. These advancements can enable NGOs and nonprofit organizations to develop practical solutions and data-driven strategies that can optimize and streamline various operations as well as facilitate more informed decision-making processes.

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How To Use Low-Code Across The Five Stages Of The Agile Development Lifecycle

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Agile development is a systematic and strategic approach to application or software development. Agile development is primarily focused on consistent feedback and improvement through each stage of the development process. The agile development cycle typically consists of 5 distinct stages; ideation, development, testing, deployment and operations and maintenance.

Recent advancements in low-code technology now mean that the agile development lifecycle can be significantly accelerated, streamlined and optimized. The wide variety of benefits of low-code development platforms can be implemented at each stage of the agile development lifecycle. Recent studies have shown that low-code application development platforms have the potential to reduce overall development time by up to 90%.

Therefore, modern, agile development teams must be aware of how to implement low-code technology into each stage of the agile development lifecycle.

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How ISVs can use Low-Code to tackle Hyper-Customization

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Hyper-customization is defined as the utilization of real-time organizational data analytics, machine learning, artificial intelligence technologies and other emerging technologies to customize enterprise applications and software as much as possible and improve user experiences. Hyper-customization can also refer to any business process that adapts system behavior based on user data and historical organizational information. As modern businesses continue to further customize user experiences, they will also be able to target consumer requirements and preferences more effectively.

With exponential demand for powerful enterprise applications, ISVs (Independent Software Vendors) may find themselves tackling hyper-customization much more than ever before. Even with recent advancements in mobile technology, ISVs may find it extremely difficult to meet an organization’s customization requirements using traditional application development processes. However, low-code software can help ISVs create customized enterprise applications much more efficiently.

Recent studies have shown that low-code will account for approximately 65% of application development activity by the year 2024. ISVs can not only use low-code development platforms to build more large-scale, customizable applications but also ensure that they can work seamlessly with various third-party integration platforms. Furthermore, low-code can enable ISVs to maintain complete control over the applications that they create and distribute.

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How the combination of open-source and low-code enable total data portability

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With a combination of open source software and low code development, organizations can be freed from vendor lock-in and maintain full control over their data.

With the low code revolution now well underway, business leaders are starting to consider its impact on regulatory compliance, privacy, and security. However, vendor lock-in and a general lack of control over where their data resides remain key concerns, especially given that most low code development platforms (LCDPs) are either partially or fully closed source.

Addressing these challenges is a top priority as organizations store ever-greater quantities of sensitive data in the cloud in increasingly disparate environments. That’s why there must be a standardized and universal way for organizations to locate, access, and control their data, without being beholden to their technology vendors.

On the other hand, low code presents the promise of reduced costs and faster development cycles. At the same time, in a closed source environment, the vendor has the final say in how your data is stored, accessed, and transmitted, making it impossible to achieve true digital sovereignty.

This conundrum is exactly what makes low code development a natural fit for the open-source model. Organizations can enjoy the benefits of low code while preserving digital sovereignty and, in doing so, maintain complete control over its availability and the application of universal privacy, security, and compliance policies.

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Seven Myths About Using Low-Code For Your Enterprise That You Shouldn’t Believe

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Low-code development is defined as a visual approach to enterprise application and software development that can enable citizen developers to build applications more efficiently by reducing the need to manually write code. Low-code development platforms can also help your business develop solutions that can meet your organizational needs by breaking down traditional business and IT silos through continuous collaboration and simplified development processes. Recent studies have shown that the global low-code platform industry is forecasted to reach a market value of approximately $187 billion by the year 2030.

For this reason, many businesses across numerous industries are attempting to accelerate digital transformation initiatives through the implementation of low-code technology. A growing skilled developer scarcity and growing enterprise application requirements have made low-code platforms almost indispensable for modern businesses.

Nonetheless, despite exponential advancements in the low-code industry in recent years, many businesses are still confused or unsure about the benefits of low-code platforms. Therefore, your business needs to be aware of various fabricated myths about the undeniable benefits of low-code technology.

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What Automation Capabilities Should You Look For In A Low-Code Platform?

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A low-code automation platform is defined as a solution that enables citizen developers with little to no traditional coding experience to easily and effectively automate various manual business processes, application development tasks and workflows. Low-code automation platforms can enable users to build complex and powerful digital architecture using visual development strategies.

Recent studies indicate that 83% of IT decision-makers believe that workflow automation is essential for organizational digital transformation. However, many users may find traditional automation platforms to be extremely complex and difficult to implement practically. However, as low-code technology continues to evolve, modern businesses can leverage the power of low-code automation capabilities to make enterprise application development and overall business operations much more efficient, accurate and profitable than ever before.

Low-code automation can help your business significantly decrease costs associated with long-term digital transformation, increase organizational productivity, improve customer experiences and satisfaction levels, optimize risk management strategies and much more. Therefore, your organization must choose a low-code platform that is equipped with the necessary automation capabilities to optimize and streamline business processes.

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How Financial Services Are Using Low-Code to Automate Their Businesses

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As digital technology continues to evolve, market trends and consumer preferences are increasingly shifting towards online business processes. Furthermore, many financial institutions may find it extremely difficult to keep track of and manage day-to-day organizational tasks using traditional application development and manual procedures. Low-code development tools can help financial services integrate and implement automation into […]

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