By Ankita Dixit
Similarities and Differences: Definitions of No Code / Low Code
In a July 2020 Forbes article, Jason Bloomberg notes the following:
“In the No-Code corner are the ‘citizen developers’ – business users who can build functional but generally limited apps without having to write a line of code. The Low-Code corner, in contrast, centers on professional developers, streamlining and simplifying their work – delivering enterprise-class applications with little or no hand-coding.”
These no code / low code solutions are offering new levels of usability, capabilities, and access to data and other technologies to create next-generation business solutions ranging from portals, to full enterprise-level solutions, to innovative new products such as on-demand or parametric products that require real-time data for continuous underwriting. Too often, insurers are using a variety of disparate tools on a piecemeal basis, rather than looking for a platform that can support every step of their digital transformation journey, from portals for personalized experiences, to innovative new products and business models.
