Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

5 Business-Critical Benefits That a Low-Code Application Platform (LCAP) Can Bring to Your Organization

iStock 1134004863 - Global Banking | Finance

B28 - Global Banking | Financey Serdar Turan, Senior Vice President, Head of LCAP

Reduce costs and rapidly develop applications with an LCAP designed to automate manual processes and integrate disjointed data

The pace of running a business is increasing at an unprecedented rate. From creating state-of-the-art products requiring multiple sprints to handling ad hoc requests from various internal teams, IT department heads are under tremendous pressure to make their groups agile and adaptive while automating processes.

IT departments are struggling to keep up with current demands. The pandemic has created a greater need to serve clients remotely, requiring resources well beyond a conventional IT team’s bandwidth. These teams need the support of business technologists armed with LCAP to avoid project bottlenecks and delays.

According to Gartner, the global low-code technology market stands at a healthy $13.8 billion. In alignment with the industry trend toward low-code solutions, Jitterbit has expanded the capabilities of its Harmony integration platform with a new App Builder extension offering low-code development capabilities. The App Builder is ideal for line of business (LOB) personnel who wish to rapidly build, deploy, and maintain web and mobile applications without requiring support from a central IT group.

Let’s take a closer look at why low-code capabilities are beneficial for your business:

  1. You do not need to hire expensive developers. Organizations with limited IT resources find themselves in a fix when they are unable to attract top talent to create a state-of-the-art product. With an LCAP, citizen developers can create, deploy, and deliver products with minimal coding skills. This eliminates the cost of hiring new developers while providing business-critical data visibility to all stakeholders in little time.
  2. You can empower business technologists with LCAPs. According to astudy conducted by Gartner, 41% of employees in technology-heavy industries are business technologists—essentially, LOB personnel taking on their own IT projects. These employees must be empowered with LCAP capabilities that allow them to easily build technology solutions without waiting for an IT department’s availability.
  3. You can customize apps and disseminate data for a fraction of the cost.Data silos and disjointed technology prevent key stakeholders from accessing vital information. By creating customized apps and reports, business users can make backend or frontend data visible to all employees working on a common project, regardless of seniority level.For instance, if an associate requires access to specific CRM data or reports but the license for the CRM application is too costly to purchase for a particular user group, App Builder can create a customized report that draws data from the CRM platform, making  it accessible to all stakeholders.
  4. You can increase employee productivity. Employees across an organization are more productive when operations are automated by an LCAP that greatly reduces process touch points. AppBuilder can automate even the smallest processes and eliminate software errors that arise from conventional development methodologies.
  5. LCAP solutions are quick, scalable, and cost efficient.Every LCAP-developed application takes a short time to create compared to a custom-coded solution. Plus, with a little support from seasoned IT developers, these applications can be scaled and deployed in different environments with greater cost efficiency.

Learn more about the LCAP offering from.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post