Innovation comes in many forms, from iterative changes to large-scale technological revolutions, but what is key is that any innovation gives a business a key advantage over their competitors. Sometimes this advantage will be to lower costs, by streamlining processes, removing barriers, replacing unwieldly legacy systems, and better integrating supply chains, so that a company can better compete on price. At other times the innovation could be about the product or service itself, whether that is better digital delivery, more features, or better user experience. All innovations that come to market keep business competitive and that is always positive.
Historically, technological innovation can be expensive, and whilst it may provide major savings in the long term it can require significant upfront capital investment. This expense can put off many business owners, especially those running smaller business, as it can be difficult to raise the funds necessary, especially in the current financial climate, but new no-code and low-code tools can reduce this expense considerably.
Firms like the Netherlands-based Fizor, specialise in no-code/low-code technological innovation and say that by using tools such as Oracle Visual Builder and Betty Blocks they can develop new apps and digital solutions up to eight times faster than building such solutions from scratch. And this reduced development time means reduced costs for businesses looking to embrace change.
These no-code/low-code are also easier to integrate with other core business applications as whilst a business’ data and structure may be unique, the data these solutions produce are standardised to seamlessly work with other business tools. By default, such apps work easily corporate tools and apps from Oracle, SAP, Microsoft, Unit4, AFAS, and connect with leading messaging and content distribution services like Slack, Salesforce, Mailchimp, and HubSpot.
Critically, the data is also stored securely in the cloud, with the apps able to integrate with all the three leading corporate storage providers – Amazon Web Services (AWS), Azure (Microsoft), and Google Cloud, which all have service level agreements of 99.99% uptime or more.
These digital technologies can transform businesses by automating key business processes in days, freeing up employees to spend more time finding leads and improving services. And when combined with specific domain knowledge, from manufacturing to real-estate the innovations can have a dramatic impact on a business for years to come.