Leveraging the traditional development platforms for application development is a headache for most companies today due to the cost of hiring a new developer and the time taken to complete the project. Especially, small and medium-sized companies face the above challenges as they have a tight deadline in front of them to develop and deliver the applications. But, developers are the hot property in the market, and hiring a developer for a project costs massively for these companies. Matching the skill gap and resource shortage has forced SMEs to focus on solutions that will simplify app development while expediting the development time. One such solution most SMEs prefer today is the low-code platforms. The platform’s growth has been imminent over the years, and the trend is set to continue. According to the latest report, the global low code development platform market size was USD 10.82 billion in 2020. The market size is expected to rise from USD 13.89 billion in 2021 to USD 94.75 billion by 2028 at a CAGR of 31.6% during the forecast period. The market is expected to grow in the coming years, owing to increase in demand for technological advancements for business digitalization. (Source: Globalnewswire) This post will discuss the significance of low-code development platforms, its benefits, and ways to use them effectively. Let’s get started with the discussion.

Are you ready for transformation? If yes, we can help.Of the many, two industries deal with a massive volume of customers: (i) retail and (ii) finance. While the prior has already undergone rapid transformation by leveraging the potential of advanced tools, and technologies, the latter is yet to catch up. However, according to reports, there is a significant boost in the number of finance-related companies implementing emerging technologies like IoT, AI, RPA to improve their customer service and operations. Especially, the global COVID pandemic has forced companies to re-strategize their visions and operations to align with business objectives. One such adjustment to meet the goals is implementing next-generation technologies like IoT, AI, etc. From reports, AI tops the list of implementations in 2022 by finance-based companies. According to the latest report, the global AI fintech market is predicted to reach $22.6B in 2025, achieving a Compound Annual Growth Rate (CAGR) of 23.37% between 2020 and 2025 according to Mordor Intelligence. (Source: Forbes)

How easy is it to track your business KPIs? Do you have a suitable mechanism to track and improve the performance of the workforce? If these questions are lingering in your mind for some time, then you’re not alone. It is true that data is the king of thriving businesses. But, if you can’t make the most out of the data when needed, there is no point in amassing them. Many businesses face this challenge, especially manufacturing companies, which are constantly searching for a solution to overcome this production barrier. Only with the help of real-time data the top management can make adjustments to strategy or improve production efficiency and performance of the workforce in the manufacturing plant. They need a solution that helps them to track data instantly to improve the process and execution. Here goes the solution to the pressing challenge – digital dashboards. Today, many companies leverage digital dashboards to improve executives’ decision-making and the efficiency of the workforce. Before getting started with the key benefits of digital dashboards, let’s quickly throw a glance at what a digital dashboard is and how it can help the C-level executives of manufacturing companies.

Digital transformation is revolutionizing manufacturing companies, and this trend is all set to continue. The evolution of technologies like the Internet of Things, Artificial Intelligence, Robotic Process Automation, Mobile Applications, Cloud, etc. are transforming the way manufacturing shop floors work. And companies leveraging these technologies thrive and others just falter. Manufacturers have many challenges to negotiate. To name a few are Manual or partially automated processes Inventory management Lack of visibility on the shop floor operations Lack of technology, tools and resources Expensive machine maintenance Manual asset tracking and management All the above challenges hamper the production rate, and manufacturers are left with no choice but to invest in digital transformation solutions to accelerate their shop floor operations. Many companies have switched to no code analytics as it is simple and efficient. With a no-code analytics platform, manufacturers can amplify their production while reducing machine maintenance costs. Above all, they can harness real-time data and analyze the trends to prevent machine failures and plan for improvements well in advance. By 2024, low-code application development will be responsible for more than 65% of application development activity. (Source: Gartner) Today, I will walk you through the benefits of using no code analytics platform for your manufacturing unit. Let’s dive deep into the discussion.