How Industry-Specific Solutions are Rewriting the Future!

Quixy Editorial Team

August 10, 2023

This article was first published on Customer think.

In the fast-paced digital era, traditional software development is being disrupted by a groundbreaking phenomenon: no-code solutions. With benefits that range from accelerated development cycles to cost-effective resource allocation, the no-code movement is revolutionizing industries across the globe. Some of the benefits are:

• Shorter development cycles.
• Increased non-traditional resource affordability.
• Increased involvement of key business stakeholders in software development.
• The chance for some people to take part in citizen development projects.

Over 100 no-code vendors are being watched by Forrester, who has taken note of the market. Smaller businesses offer specialized solutions to meet technical vertical and horizontal problems in a lucrative market where major vendors are expanding their dominance. This pattern offers exciting new possibilities that could be advantageous for numerous businesses.

Check out the Reasons why Specified No-code solutions are the future

More number of No-code vendors are now providing specialized solutions

Businesses require specialized solutions, and no-code vendors offer goods made for specific sectors of the economy. Others stayed focused on a specific industry to satisfy a market need, while some no-code suppliers changed their emphasis in response to consumer demand or competition from larger competitors. However, since these platforms are currently the preferred choice, it benefits consumers when no-code suppliers change their strategy and concentrate on a specific market. Why is this the case?

1. Businesses use no-code for rapid development but choose a specialization to speed things up even more.

The development speed is greatly accelerated when no-code platforms are customized to fit the specific needs of business and professional developers. By including features that promote easy adoption and established deployment paths while minimizing barriers, specialized no-code providers are committed to improving the customer experience. This is achieved through expert assistance, markets with custom solutions, and training (if required).

Also Read: 10 Powerful Solutions you can build with No-Code Tools

2. Specialized platforms are efficient and economical.

Customers want to know how a product will benefit them in any market. Specialized no-code platforms give users more time to work on multiple projects, spend less money, and make fewer mistakes. No-code platforms without specialized products must be created from the ground up with generic parts or pre-built scenarios. Specialized platforms, on the other hand, are ready to use, saving time and labor. Moreover, hiring specialized personnel is unnecessary because end users are frequently the company’s domain experts. With the available tools, the task can be completed.

For those who require assistance from the legal department, there’s no need to call or email them and wait days for a response. With no-code applications, users can now access legal guidance and documents, saving time and allowing legal services to scale across the enterprise.

3. For making crucial decisions, specialized solutions provide deeper data.

Vendors claim that CIOs and innovation teams are the main stakeholders adopting specialized platforms in order to increase transparency and efficiency. C-level executives exhibit interest in specialized no-code systems that offer actionable outputs – real-time insights into activities through reports and dashboards – as they share responsibility for business resilience.

Understanding the Vertical and Horizontal specialization

No-code vendors cater to vertical or horizontal markets based on their marketing, pre-built solutions, domain expertise support, and development environment. Their solutions can be categorized into:

1. Solutions that are vertical and targeted at solving particular business problems.

These platforms combine native components, domain expertise, and targeted marketing to offer pre-configured solutions for issues unique to the sector. This tactic encourages platform adoption, expansion, and training by providing pre-packaged solutions for a particular industry.

2. Horizontal solutions that deal with more significant business issues.

These platforms support the development of bespoke solutions and offer solutions that may be adapted to different sectors. One common feature of these solutions is that they are frequently built on top of other software platforms like Salesforce, SharePoint, or legacy systems.

Understanding the different levels of solutions

When no-code providers favor packaged applications, keep in mind that not all strategies are created equally. When you migrate from bespoke development to packaged apps, the time to value is reduced, and the level of support is increased (see Figure 1). In order to capitalize on their horizontal and vertical domain expertise, partners like systems integrators utilize templates, accelerators, and apps built on top of popular no-code platforms. These solutions offer similar benefits, although monitoring new vendor ties is frequently required. You can approach these kinds of solutions in one of three ways to meet your specific needs:

1. Make the decision to create a unique solution using a broad no-code platform.

This choice offers the most versatility and permits differentiation via software. Instead of starting from scratch with coding, you can speed up your time to value by building on a no-code platform. You must, however, become familiar with the features that are required for the application and construct them all.

2. Use the templates and accelerators offered by the vendor.

By providing forms, data models, integrations, and other pre-built components tailored to your requirements, these pre-built components help accelerate custom development. Although the time spent gathering requirements and developing an application can be significantly reduced using this method, you will still be in charge of application support, maintenance, and upgrades. Templates and accelerators are freely available from many suppliers.

3. Invest in a bundled application created with no-code.

These programs can be tailored to your needs and include pre-built functionality. They are a pre-made solution, though they might still need some customization. The vendor’s continued support and updates are the main sources of value in this situation.

Factors to keep in mind when evaluating specialized solutions

More businesses are adopting a single or more no-code development option as standard. Why? Because they are designed to scale no-code development, standardized platforms allow a consistent approach to issues like data access, security, integration, training, change management, user experience design, and many others. Scaling a software development platform requires consideration of several aspects. Major portfolio providers usually gain from standardization since it uses pre-existing connections and software assets. Large retailers can package their goods at lower pricing, and choosing a smaller seller with specialized items can be appealing for various reasons.

Smaller vendors may have an impact on selection criteria by providing specialized services. Instead of developing a custom application on a platform meant for general use, businesses can buy off-the-shelf software designed for a particular need. To sway this decision (to buy rather than build on platforms the organization has already standardized on), vendors must pitch and sell directly to the business. A solution developed specifically for the company’s demands has a higher chance of being valued by that organization. When evaluating specialized solutions from no-code vendors, four key questions arise:

1. Will it satisfy both our short-term and long-term commercial needs?

By utilizing existing knowledge and capabilities, specialized solutions can provide quick time-to-value while reducing the learning curve for requirements and development time. The supplementary benefit of continued vendor support and updates for these systems, should they be productized, must also be considered.

2. Does the solution adhere to the criteria of our company?

Business units looking for immediate and supported value may offer specialized solutions. To ensure they adhere to crucial organizational requirements like security, deployment, governance controls, and programming languages, IT must still review and approve them.

3. Does it offer any specialized talents in particular?

For industries with low bandwidth environments, like construction and engineering, specialized solutions may offer crucial capabilities unavailable in generic development platforms. Other examples include pre-integration with applications frequently found in specialized environments, like medical, financial services, and insurance systems.

Also Read: Everything you should know about No-Code Development

4. Will it exacerbate the issue with the islands of automation?

While islands of data and application logic can make cross-organizational process automation more difficult, standardizing on platforms can lower the cost and complexity of supporting numerous systems. Therefore, organizations should compare the advantages of a consistent architecture built on organizational standards to those of a specialized solution.

Conclusion

A specialized solution built on a no-code platform is worth investing in. First, any customizations particular to your business should be created and maintained at a significantly lower cost. Second, it might make a useful no-code platform for programs with many uses.

The move towards purpose-built, specialized solutions is being driven by smaller providers, which is wonderful, but larger vendors will respond in one of two ways. As the market evolves and consumer demand for these solutions increases, they will roll out specialized apps on their no-code platforms, creating new revenue potential. Second, large and motivated partner networks are drawn to mega-vendors in order to benefit from the income possibilities on top of reputable platforms. Although smaller no-code vendors may also provide these partner-provided solutions, over time, the ecosystem will tend to converge around the mega-vendors that hold a higher market share and, consequently, present more partner opportunities.