Friday, July 23, 2021

g-f(2)390 THE BIG PICTURE OF THE DIGITAL AGE (7/23/2021), MIT SMR, Accelerate Digital Transformation With ‘No-Code’ Software Tools




ULTRA-condensed knowledge


Opportunity, Accelerate Digital Transformation With ‘No-Code’ Software Tools
  • Companies supporting their business teams by deploying so-called no-code software development platforms have been installing simpler apps faster, enabling them to keep up with changes occurring at a previously unthinkable pace.
  • Such tools give nontechnical users the ability to build applications without writing a single line of code. 
Lesson learned, Adding new digital capabilities quickly
  • For example, one financial services company recently added new digital capabilities to its customer portal about twice as fast as it had anticipated because business teams actually built most of the new capabilities on their own — without significant support from IT.
Opportunity, Empowering teams to be their own developers
  • Empowering teams to be their own developers by designing and implementing applications themselves allows companies to make technological progress without hiring more technology staffers. 
  • No-code platforms provide visual, user-friendly capabilities that allow nondevelopers to design, develop, and deploy enterprise-class applications. Simultaneously, they free up professional software developers to tackle more difficult problems, like modernizing core platforms.
Opportunity, Develop a No-Code Strategy
  • Managers are just beginning to discover the many ways that no-code platforms will enable them to have more say in charting their companies’ digital future. 
  • It’s important that businesses develop strategic plans to drive the digitization agenda with this emerging tool. 
  • The more companies invest in platforms to empower their nontechnology employees to participate in application development and expand their products’ technical toolkits, the more business users can contribute to increasing the speed of digitization.


    Genioux knowledge fact condensed as an image


    Condensed knowledge


    Opportunity, Accelerate Digital Transformation With ‘No-Code’ Software Tools
    • Companies supporting their business teams by deploying so-called no-code software development platforms have been installing simpler apps faster, enabling them to keep up with changes occurring at a previously unthinkable pace.
    • Such tools give nontechnical users the ability to build applications without writing a single line of code. 
    Lesson learned, Adding new digital capabilities quickly
    • For example, one financial services company recently added new digital capabilities to its customer portal about twice as fast as it had anticipated because business teams actually built most of the new capabilities on their own — without significant support from IT.
    Opportunity, Empowering teams to be their own developers
    • Empowering teams to be their own developers by designing and implementing applications themselves allows companies to make technological progress without hiring more technology staffers. 
    • No-code platforms provide visual, user-friendly capabilities that allow nondevelopers to design, develop, and deploy enterprise-class applications. Simultaneously, they free up professional software developers to tackle more difficult problems, like modernizing core platforms.
    Opportunity, Develop a No-Code Strategy
    • Managers are just beginning to discover the many ways that no-code platforms will enable them to have more say in charting their companies’ digital future. 
    • It’s important that businesses develop strategic plans to drive the digitization agenda with this emerging tool. 
    • The more companies invest in platforms to empower their nontechnology employees to participate in application development and expand their products’ technical toolkits, the more business users can contribute to increasing the speed of digitization.


    Category 2: The Big Picture of the Digital Age

    [genioux fact deduced or extracted from MIT SMR]

    This is a “genioux fact fast solution.”

    Tag Opportunities those travelling at high speed on GKPath

    Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

    Type of validity of the "genioux fact". 

    • Inherited from sources + Supported by the knowledge of one or more experts.


    Authors of the genioux fact

    Fernando Machuca


    References




    ABOUT THE AUTHORS


    Chris DeBrusk


    Chris DeBrusk (@ChrisDeBrusk, In) is a partner in Oliver Wyman’s digital practice.


    Chris is a Partner in Oliver Wyman’s Digital and Corporate and Institutional Banking practices and is based in New York. Chris advises clients on how to leverage digital approaches and technology to solve their most difficult business problems. He spends his days thinking and talking about topics that include scalable architectures, semantic data, advanced analytics, and machine learning, low code platforms, SaaS, and public cloud.


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