The days or months when companies had to wait for expensive product development teams to plan, spec, create, and test their products before launching are long gone. How quickly and cheaply businesses can launch their products into the market and evolve based on user input frequently makes the difference between those who succeed and those who fail in today’s fast-paced digital age. Veloster Technologies helps you with this.
The revolution without codes. It essentially accomplishes what it says on the tin. You don’t need to write code to create complicated apps, automate workflows, and enhance business procedures. With no code, non-technical founders and businesspeople may create MVPs (Minimum Viable Products) with a small number of features that will appeal to early adopters.
As a result, you may introduce a new product at a far lower price than with conventional development.
These adjustments were easier for businesses already well-versed in technology, but not all sectors were equally prepared to transition. Applying current technology to antiquated systems and analog issues was the key for those caught off guard.
No-code platforms swiftly rose to the top of these creative solutions, and their significance will endure far beyond the epidemic that sparked their development. The fundamental goal of the no-code revolution is to level the playing field for developers and decrease the barrier of entry for digitalization. Graphical user interfaces (GUIs) and configuration, as opposed to conventional computer programming, can now produce enterprise-grade application software for programmers and non-programmers alike.
It is becoming more and more obvious that these tools will serve as the dominant innovation wind, propelling the digital revolution for years to come. Some have dubbed this the most disruptive trend of 2021. However, many sectors are now starting to grasp the full potential no-code offers. Here are five sectors most impacted by the no-code revolution, along with recommendations on how businesses can keep using no-code products successfully.
Top 5 Fastest Growing No Code or Low Code Development Industries:
1. Manufacturing
Manufacturing executives have previously acknowledged how important no-code solutions are.
Production Execution Systems (MES) have been used for a long time to plan, carry out, and monitor the operations at a specific factory or plant. Still, their rigidity makes them so valuable for IT-related manufacturing processes and makes them challenging to utilize for shop floor staff.
No-code systems are less expensive to modify, quicker to build, and simpler to upgrade in response to shifting operational demands than MES. The need for no-code solutions will change from a tech fad to an industry requirement as manufacturers are required to generate new, customized goods with growing speed and regularity.
Manufacturing executives have previously acknowledged how important no-code solutions are.
The emergence of no-code facilitates innovation across the board and makes it more accessible than many previous disruptive developments, which were frequently distinguished by their distinctiveness. Although the aforementioned sectors—retail, insurance, finance, healthcare, and manufacturing—are particularly well-positioned to gain from the no-code revolution, these five are only the tip of the iceberg.
In the upcoming years, no-code platforms’ capacity for development will only increase. The scope of these cutting-edge instruments will expand as well.
Comet
Comet is a platform where prospective clients looking for engineers and teams for certain projects can connect with tech and data freelancers. In contrast to Upwork and Malt, the platform does not need companies to sort through a large number of profiles to locate the best candidates.
Companies may instantly build teams on Comet. Within 48 hours after uploading the job, the Comet team will match the appropriate freelancers with the task. To make sure the freelancers are the correct match for the project, Comet also evaluates their hard and soft skill sets.
Manufacturing executives have previously acknowledged how important no-code solutions are.
Comet was created with Bubble, a program that enables you to build web applications without writing a single line of code, and it finished over 300 projects for over 150 businesses in 2017. They have serviced more than 1000 clients in less than three years, and they now have more than 1500 freelancers on their books.
Manufacturing executives have previously acknowledged how important no-code solutions are.
Their monthly revenue has skyrocketed from 0 to €600,000. Comet received €2 million in seed funding from Otium Venture and Kima in 2017, and another €14 million from Daphni, First, and FJlabs in 2018. The long-term objective of Comet, according to CEO Charles Thomas, is to influence the future of work for the digital and data workers in Europe and beyond. He thinks that “on-demand work” will be the way of the future.
2. Insurance
Insurance, like many other legacy businesses, has long been overshadowed by flashy digital entrepreneurs. The drive for change in insurance, however, did not come too soon—not only did insurance leaders focus on digital innovation in the year before the pandemic, but no-code solutions were also essential in driving the shift.
No-code technologies are giving legacy insurance leaders in formerly protected markets the advantage they need to compete with digital-first startups by enabling historically slow-moving firms to function with startup agility. Consumers today want a seamless digital user experience across all platforms, including social networking, gaming, and insurance. These expectations may be realized using no-code technologies without the help of advanced programmers or IT specialists.
With no-code platforms in place, insurers will be able to focus more on the quality of their offerings in the future and spend less time losing clients to antiquated technology, all while reducing costs and streamlining business processes throughout every level of their company.
Dividend Finance
To assist property owners in creating environmentally friendly, energy-efficient houses, Dividend Finance was established in 2013. By bringing together homeowners, customer-focused contractors, and financial investors, they have completely altered the renewable energy sector.
Through the use of Bubble, they have streamlined the application process and taken on some of the biggest challenges in home remodeling, particularly lousy contractors and bureaucracy. The outcome is a sophisticated, extremely practical financial solution for lenders, contractors, and homeowners alike.
In San Francisco, Dividend completed the fourth home solar loan securitization in July 2019. Business Wire reports that Dividend Finance raised its funding capacity under solar loan financing arrangements with Citibank and Credit Suisse to $350 million and issued asset-backed securities for $234,59 million.
Additionally, Dividend Finance won the Esoteric ABS Deal of the Year award in 2017 and 2020, as well as the Global Capital “Esoteric ABS Issuer of the Year” Award in 2020.
According to the Bubble Blog, Dividend Finance, a company built solely on Bubble, has handled over $1B in loans.
3. Healthcare
A wide range of healthcare technologies has experienced significant growth as a result of the COVID-19 pandemic, especially in domains like telemedicine and remote patient monitoring. No-code tools can offer creative answers to several issues encountered across the whole healthcare and treatment process as health institutions continue to use technology to increase efficiency and enhance patient outcomes.
Without writing a single line of code, calendaring and scheduling platforms may be created that make it simpler for patients to schedule appointments and for physicians to keep track of them. No-code systems are among the simplest methods for healthcare professionals to perform user-friendly virtual visits, saving time for patients and doctors and reducing needless journeys to and from contaminated waiting rooms. Additionally, no-code platforms’ capacity to transform complex back-end data functions into a broadly used tool will make it simpler than ever for healthcare companies to safely and quickly log patient data, which can then be used to track ailments and locate cures quickly.
The simplicity benefits of no-code development allow medical practitioners to focus more time on patients and less on solving technological problems.
Plato
Engineers may connect with mentors from some of the greatest firms in the world through Plato. They pair candidates with mentors who can provide practical guidance and have experience with the particular problems they are facing.
On Bubble’s no-code platform, Plato operates its complete back office and developed its tracking system and event-specific landing pages. It allowed them to pair engineering teams with mentors according to their needs. Fast! Plato offers more than just a good match. They make sure that particular difficulties or issues are resolved during their game, producing goal-oriented results. Through their mentoring program, Plato is dedicated to developing the next generation of engineering leaders.
As it did with Plato, creating an MVP on Bubble may help firms obtain money and get admission to YCombinator, the most prominent startup accelerator, which has an amazing clientele that includes Airbnb, Reddit, Stripe, and Dropbox.
A team that was accepted into YCombinator in 2016 was led by Quang Hoang, Co-Founder, and CEO of Plato. In the end, Plato was founded in 2017 as a result of his time at YCombinator. Plato got $13 million in investment from YCombinator.
4. Retail
For many customers, online buying has been convenient for many years. It becomes essential in 2020.
The future of the retail sector was already in doubt when the COVID-19 epidemic struck after a decade of battling to stay up with the expansion of online giants. A lot of the companies that initially started to fail in the early days of the epidemic were retail behemoths that placed an excessive amount of reliance on their brick-and-mortar allure. The “why” behind unsuccessful businesses is not a big hidden: they lost the backing of couch-bound customers by failing to embrace innovative technological advances.
The transformation from a “customer-friendly storefront” to a “customer-friendly front end” is happening faster and simpler than ever thanks to no-code technologies. These technologies will surely be one of the keys to success as the retail sector battles through the epidemic and look toward a sustainable future by enabling merchants to create brand-tailored digital storefronts and progressive web applications that are as simple to build as they are to use.
Bloom Institute of Technology
With $4 million in startup money, BloomTech is revolutionizing the online education sector. The distinctive Income Share Agreements (ISAs) Model serves as the foundation of BloomTech. The system permits no advance tuition payment by students. They consent to repay 17 percent of their post-graduation salary for two years, but only after finding employment.
The no-code movement gave birth to BloomTech, formerly known as Lambda School. They combined technologies like Typeform, Airtable, and Retool to create their MVP, which serves over 3000 students. To expand and extend the platform, they’ve integrated other tools, including Webflow, Salesforce, Calendly, and Zapier.
Senior growth executive Mitchell Wright from BloomTech remarked, “More individuals can engage in automation and construction because of the no-code revolution. Numerous items and tools may be created without the aid of engineers.”
5. Banking, Fintech and Payments
No-code development solutions offer enormous promise in the constantly changing environment of banking and its surrounding industries since banking, another area replete with legacy firms, has suffered many of the same challenges as its insurance counterpart.
In an era of technology where distant features is both necessary and practical, no-coding resources offer financial institutions of all kinds the opportunity to develop, maintain, and modify consumer-facing websites which satisfy customer requirements, provide multi-platform integration, and defend essential personal information security.
Switchboard
Switchboard, formerly known as “Ads on Top,” first attempted to install advertising screens on Uber and Lyft vehicles. They decided to concentrate on another issue they came across along the route after learning how pricey this turns out to be.
Each “out of home” panel that showed advertisements had its piece of software, which David and his co-founder recognized made it difficult to implement modifications at scale, obtain basic ad data, or do analytics. Additionally, it became clear that dynamic elements like precise location or outside events could not be used to display adverts. They started Switchboard after spotting an opening.
It is now simpler than ever to integrate, plan, watch over, and evaluate a network of displays when using Switchboard. Owners of displays would use Switchboard to manage all of their screens in real-time from a single location. The switchboard was able to quickly establish itself as a successful SaaS company with recurring revenues rising at an incredible rate because of a user experience that was wholly built using Bubble.