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Quite a few digital transformation leaders are finding themselves in a tricky situation now. On one side, we have the constantly evolving customer’s demands and expectations, while on the other, the limited capability of technology.
A market study reports that the global low-code development platform will grow to $45.5 billion by 2025.
While the customer’s demands are forcing insurance companies to alter their business model and strategies to ensure they gain an edge in the market, the technology solutions are constantly evolving, making them adopt few advanced solutions into their system. Digital adoption requires taking initiatives and acting on them rapidly. Therefore, the constant feature is that low code development platforms can only achieve the above purpose.
We have shared a blog post on how low code is accelerating digital transformation. In this post, we will touch upon the new developments and innovations.
Forrester reports that nearly 90% of business leaders agree that low-code development platforms improve customer experience significantly more than traditional platforms. And in today’s world, this is the most crucial.
Gartner reports that the market demand for low code app development will increase by five times in 2021.
While several elements make digital transformation a reality, creating an ecosystem of low-code development platforms, mobile apps, and cloud services is crucial. What matters the most is the readiness of insurers and other companies to use advanced technologies in their business processes.
Neutrinos’ is a low-code application development platform that allows you to build applications for various devices quickly. You can create multiple applications with web, mobile, and IoT capabilities, by using the in-built drag-and-drop features. To learn more about Neutrinos’ low-code platform, connect with us now.