With much of the world still in economic limbo, businesses are a lot more careful with allocating budgets. In addition, the real value of new software efforts can often be ambiguous, making it challenging for tech teams to properly articulate their spending rationale. As a result, this leads to unaligned budget allocations, making organizations accumulate a growing list of unsuccessful projects.
Cases like these aren’t rare and isolated in corporate settings, especially when it comes to traditional software development. Fortunately, the arrival of no-code competently rivals conventional software building methodologies. As such, corporations, startups, and freelancers alike have better chances of creating an app speedier and cheaper, but with products just as robust.
Let’s study how the no-code movement allows enterprises to get better business value faster using two everyday metrics: revenue enhancement and cost reduction.
Larger savings in a shorter period
Turning to traditional software development strategies to help cut costs poses a contradiction—the longer it takes to finish developing software, the more billable time you demand from professional coders, which in turn, exhausts your funds fast. Though you may eventually decrease the costs in one or another, the time spent in completing projects isn’t without overwhelming price tags.
With no-code development, that isn’t the case. What typically gets done in six to nine months with traditional software-building takes only days or weeks with no-code. Because visual programming is what carries the development of applications in no-code, users are treated to faster results more affordably.
In other words, the sooner you reduce costs, the sooner you can allocate bigger budgets to other efforts like customer service, marketing undertakings, advertising initiatives, or what have you. Critically, it is the speed of this technology that allows you to enjoy other business ventures without breaking the bank.
The race to improved revenue
Putting a figure to a new product or service to sell to a market isn’t always as clear-cut as we want it to be. That said, a metric we can use to simplify the quantifying of improved revenue is time-to-market, as this doesn’t only impact revenue but also market share.
Pretty understandable, right?
Here’s a simpler example: if you launch a product in February, you make five months more revenue compared to if you were to launch the same product in July.
Market trends and consumer behaviors can shift within a snap of your fingers, so the earlier you launch, the earlier you win. Simply put, brands that publish faster have better chances of acquiring bigger market shares as they’re exposed to the audience much quicker.
Talk about a competitive edge!
The speed no-code affords users is a breakthrough in that what used to take months or years can now be completed within a slice of that time! It’s worth mentioning, too, that any determined professional can develop software on their own; these two things alone allow professionals and leaders to cut back on splurging on tenured developers.
Determining business value is mission-critical to proper budgeting, making sure all needs are resented accordingly and are met with the right allocation of funds. By resorting to the power and capacity of no-code to cut costs, businesses instantly improve their revenue.
Which industries benefit from no-code?
The essence of no-code application is to enable organizations and individuals to create software, and innovate. However, the biggest perks of no-code are best enjoyed by those who have the resources to utilize no-code tools in their entirety. From simple web applications to complex enterprise-grade programs designed for large businesses and remote teams, no-code presents advantages that transcend cutting costs.
Citizen development empowers creatives, founders, leaders, and workforces to work towards building inventive solutions. By learning how to confidently automate processes and digitize practices where applicable, we make better use of our time.
Furthermore, we also help free IT departments from building simple solutions, allowing them to focus on complex technical work, making it a win-win situation for everyone.
It bears noting, too, that organizations who are solutions-centric perform better and foster stronger internal communication strategies, allowing for the efficient delegation of workload to be more streamlined.
Build worlds with no-code
One of the biggest advantages of no-code is its ability to mimic software that’s built traditionally. In and by themselves, the products developed through visual programming rest on lines and lines of code. That being the case, these applications function just as effectively as those that were made by software engineers and skilled coders.
Truth be told, there is no escaping written code; what no-code tools do is simplify the process by utilizing drag-and-drop visual editors, enabling users to easily assemble blocks and integrate plugins where necessary, like Canva but with apps.
There is an endless list of what users can develop with no-code. All that’s left is to realize your vision.
Do you have software you’ve been dying to develop? Give us a call, and we’ll make it happen!