DIGITAL TRANSFORMATION
Fostering diversity of talent throughout a business One of the welcome side effects of lowcode builders is that they allow more people from within an organisation to get involved with the development of new products or workflows , thus increasing the diversity of talent within a business . Previously , a highly technical skillset was required – alongside an aptitude for code – but now , codeless builders allow relatively unsavvy employees to get hands-on , too .
“ Many enterprises are struggling to hire developers ,” explains Noname Security ’ s Filip Verloy . “ Therefore , the opportunity for citizen developers to step in using no-code apps can dramatically accelerate the digital transformation of a business . Citizen developers don ' t need to actually write lines of code but can use a User Interface ( UI ) to drag-and-drop elements , connecting them together and to external data sources .”
Rather than making highlyqualified coders obsolete , it “ opens up a great deal of capacity ” for them to focus on “ more value-adding projects such as streamlined FNOL , AIenabled fraud detection and data insights ”, adds Instanda ’ s Tim Hardcastle .
What benefits can be passed on to insureds ? Ultimately , an insurance company switching to a no-code platform must bear fruit . There must be a stronger business case than just simplifying complicated legacy systems , and the end-customer must be able to see the result .
Hardcastle says : “ No-code platforms put tech in the hands of insurance people on the front line of pricing decisions , distribution decisions and data-enrichment decisions . This tech enablement helps insurers transform front-end consumer experiences at speed and low cost .
“ For example , one of our MGA clients in Canada has launched more than 25 products in the last year using our platform . Their team was able to build 25 sets of
62 January 2023