Low Code No Code Development Supports Analytics Performance
Within the very near future, it is estimated that 70% of all software and application design will include a component of low-code or no-code development. So, it is no surprise that analytics software and tools are also affected by this trend. While advanced analytics and augmented analytics solutions provide a sophisticated, complicated underpinning of algorithms and analytical techniques, the average enterprise expects (and should look for) tools that are easy to use, so they can improve data literacy and data democratization and leverage analytics within the organization at the business user level, to improve results and efficiency.
It may be difficult to understand how such complex systems can benefit from the no code, low code approach, since the very concept of this approach seems at odds with the complexity of an analytical solution, but nothing could be further from the truth. When applied appropriately, these techniques can benefit the foundation of the augmented analytical solution and the users of those solutions.
- Time and Expense – In a world where new features and functionality must keep pace with market demand, the emergence of no-code and low-code allows developers to add analytical functionality quickly, while controlling costs and time to market.
- Business and Market Requirements – As organizations and business users embrace analytics, the need for new types of visualization, reporting and features changes quickly. In order to stay abreast of these changes and offer businesses the products they need, analytical vendors can quickly leverage, modify and develop new approaches to satisfy user requirements. Vendors can accommodate business-specific needs and data visualization requirements without time-consuming, expensive customization.
- Integration of Third-Party Apps – Low-Code, No-Code capabilities support the easy integration of other enterprise applications and solutions and allow data analysis across the organization.
- Performance and Scalability – Low-Code and No-Code solutions and platforms enable high-performance, scalable solutions and ensure that businesses can accommodate an expanding user base and data volume.
- Compliance, Data Security and Industry Standards – No Code, Low-Code development includes data encryption features and user access security controls to mitigate risk, and protect data integrity and privacy.
If you are still wondering whether low-code and no-code approaches are appropriate for software and applications, consider these predictions and statistics from technology research organizations:
- Gartner predicts that 75% of new software solutions will incorporate a low-code approach to development.
- By some estimates, the use of low-code, no-code and artificial intelligence in analytics solutions has increased user access to analytics by as much as 56%.
- Gartner predicts that organizations that lack a sustainable plan to operationalize and manage data and analytics will face a two-year setback in their data and technology efforts.
Choosing the right self-serve, augmented analytics solution can help the enterprise build a crucial foundation for analytics, for transition of business users into a Citizen Data Scientist role and for improved time-to-market, decision-making and collaboration. The use of new and cutting edge technologies and the seamless incorporation of these technologies is critical to the success of the analytical application implementation and to return on investment (ROI) and total cost of ownership (TCO) metrics.
Select and implement an Augmented Analytics Solution with business intelligence (BI) and advanced capabilities and enjoy the benefits of advanced technologies like Artificial Intelligence (AI) And Low-Code, No-Code (LCNC) techniques to ensure affordable, flexible solutions that every user can leverage, no matter their skillset or technical capabilities. Read our free article, ‘The Benefits Of Low-Code No-Code in Augmented Analytics.’
Original Post : Why Choose Augmented Analytics with Low-Code, No-Code Development!
