Low-Code promises faster development at a fraction of the cost with
no concessions on quality. See how it enhances your field!
Low-code solutions are seriously shaking things up in many industries. This is a world where coding is optional, apps are deployed in weeks rather than months, and everyone can chip in on innovative products. Sure, low-code breaks down many of the challenges of traditional development, making operations smoother than ever, at a fraction of the budget and time-to-market.
But how can you truly implement low-code into your business? Here are some examples:
1. Banking
Key take-aways: smooth integration of legacy systems with new digital solutions, addresses compliance concerns like KYC processes, automate tasks and ensure regulatory requirements, help navigate regulations while improving customer experiences.
Can low-code help banks become more digital? Is the technology mature enough to ensure seamless operations and exceptional customer experiences?
There is little arguing that updating legacy systems on which customers rely for their everyday lives is a formidable challenge. Yet, low-code’s transformative force offers a rapid and efficient solutions.
Take, for example, the ease with each you can use connectors and APIs to bridge the gap between the old and the new, facilitating a smooth transition towards more customer-centric and technologically advanced digital banking experiences.
Enhance customer experience and regulatory compliance
Customer-centric challenges further manifest in the realm of mobile app development, where the demand for swift updates and feature releases poses significant obstacles for traditional banking institutions.
Low-code solutions come to the rescue by accelerating the development lifecycle of mobile applications. With their agility and flexibility, low-code platforms empower banks to swiftly adapt to evolving customer expectations, ensuring their mobile banking apps remain competitive and aligned with the latest industry trends.
Additionally, low-code proves instrumental in addressing compliance-related concerns, automating complex Know Your Customer (KYC) processes, and streamlining customer onboarding.
By creating customized low-code applications, banks can navigate regulatory requirements with ease, maintaining compliance while enhancing the overall customer journey. These solutions, ranging from fraud detection applications to personalized customer experience platforms, position low-code as a cornerstone for overcoming the multifaceted challenges in the digital banking sector.
2. Healthcare
Key take-aways: automate processes, broad view of patient date, improving care coordination, enable better-informed decision-making, address compliance concerns.
If one industry can truly push the power of low-code, it has to be healthcare, where lives are on the line. Still, this is an industry where paper-based, error prone processes remain, contributing to inefficiencies and delays – which impact patient outcomes.
The average time a doctor spends with each patient has been getting shorter in recent years. Around 13-16 minutes the most common amount of time per shift physicians spend with patients – even if most physicians consider their relationship with patients the most rewarding aspect of their practices. For nurses, those numbers are naturally higher, but still only around 30% of their time on unit was spent in patient rooms. The rest, well, you guessed it: admin tasks.
Low-code solutions can help healthcare providers develop applications that automate processes, such as patient information management, appointment scheduling, and data analytics.
The flexibility of low-code platforms enables healthcare organizations to adapt quickly to changing requirements and modernize their operations without the protracted timelines associated with traditional software development. By creating interconnected platforms, healthcare providers can achieve a broad view of patient data, improving care coordination, and enabling better-informed decision-making.
Every healthcare provide must adhere to stringent regulations such as the Health Insurance Portability and Accountability Act (HIPAA). Low-code applications can be tailored to address these compliance concerns, ensuring that healthcare organizations live by regulatory requirements while maintaining the agility to adapt to future changes.
3. Education
Key take-aways: Administrative efficiency, adaptation to the dynamic needs of both in-person and virtual learning scenarios, technology aligns seamlessly with evolving academic standards.
On average, just 46 percent of a teacher’s time is spent teaching. The rest is spent on admin tasks – like grading tests, collaborating/planning with colleagues or communicating with parents. One prevalent issue is the often cumbersome and outdated systems for student information management and course scheduling, which become even more pronounced in the context of hybrid and remote learning environments.
But what if you could create solutions to simplify student enrollment, grade tracking, and course scheduling? With low-code platforms, you can. Educational institutions can promote administrative efficiency and adapt to the dynamic needs of both in-person and virtual learning scenarios.
Furthermore, the ever-changing landscape of curricular requirements demands a flexible approach to application development, particularly when catering to diverse learning modalities. Low-code solutions offer educational institutions the agility to quickly adapt to curriculum changes, ensuring that technology aligns seamlessly with evolving academic standards.
4. Government
Key take-aways: payment processing made easier, enhance transparency, alleviate administrative burdens, enhance communication and efficiency in services.
Public services and administration face serious challenges.
A primary one is bureaucracy and slow decision-making processes that often characterize governmental operations, impacting crucial services. For instance, city approval workflows can be made easiers with low-code. So can payment processing, and communication with citizens, thereby enhancing transparency and alleviating administrative burdens.
In the context of labour market resources and career planning, low-code applications can be tailored to provide citizens with easy access to employment opportunities, career guidance, and training programs. These platforms empower government agencies to offer comprehensive and user-friendly resources to the public, fostering a more dynamic and responsive labour market.
Addressing the challenge of communication and collaboration among government agencies and with citizens is another crucial challenge. Low-code applications can help build customized platforms that enhance communication channels and collaboration tools, enabling government agencies to maintain seamless interactions, promoting transparency and efficient service.
5.Retail
Key take-aways: optimal stock levels, minimizing costly stockouts or overstock, order processing, seamlessly integration with e-commerce platforms.
Changing consumer preferences, market trends, prices, geopolitics – what is true for retail today can very well be gone tomorrow. Retailers need efficient processes that can adapt swiftly to fluctuations in demand, ensuring optimal stock levels and minimizing costly stockouts or overstock situations. Low-code solutions empower retailers to develop custom applications for inventory tracking, order processing, and supply chain optimization.
Another critical challenge in retail revolves around the integration of e-commerce platforms. The seamless connection between brick-and-mortar stores and online channels is vital for providing customers with a cohesive shopping experience. Retailers often face complexities in integrating diverse systems, hindering the synchronization of inventory, pricing, and customer data.
Low-code solutions serve as a strategic tool to bridge these gaps by enabling the development of applications that seamlessly integrate e-commerce platforms with in-store operations.This ensures a unified and consistent experience for customers across all retail channels.
Customer relationship management (CRM) poses another challenge, particularly in tailoring experiences to individual customer needs. Traditional methods may fall short in delivering personalized services and targeted promotions. Low-code applications can be leveraged to create customized CRM solutions that analyse customer data and preferences, facilitating personalized interactions and enhancing customer loyalty.
Near Partner, redefining industries with low-code innovation
By addressing specific challenges across healthcare, education, government, and retail, low-code can usher in a new era of efficiency, adaptability, and enhanced user experiences. Subscribe to our newsletter for more insights and updates on how low-code technology is revolutionising app development!
In 2023, the low-code platform market is expected to reach 10 billion USD, and the projections for 2027 put it at over 36 billion USD. Those numbers become even more significant when you combine both low-code and no-code. Want to know more? Download our eBook on Demystifying Low-Code.
