What Are the Benefits of Low-Code No-Code in Analytics?
Research indicates that, ‘within the next several months, 65% of Application Development Will Be Done Using No-Code Platforms.’
Here, we discuss the benefits of LCNC-enabled analytics, no code business intelligence benefits and employing analytics and low code no code for teams, business users, Citizen Data Scientists and, ultimately, for the enterprise.
‘LCNC analytics enhances workflow and automates business processes across systems and data repositories to improve process uniformity, user and management communication, efficiency and productivity.’
What follows is a list of the primary benefits of analytics with a low code no code component. There are many other advantages to this approach, but this list will give you an idea of how this simplified development process can have a positive impact on your organization and your staff.
User Benefits
Data Creation vs. Data Consumption– When a team member or business user is presented with self-serve analytics, the user will often see the new tool as less of an opportunity and more of a burden. By providing augmented analytics with LCNC-enabled features, the team can easily incorporate useful tools into day-to-day tasks. They can create, share and collaborate and the value of analytics will become clear to them, thereby enabling user adoption. Your team will advance beyond consuming data created by IT staff to conceiving, creating and sharing data and making the transition to Citizen Data Scientists, thereby reducing dependency on the IT team and freeing IT to focus on more strategic issues.
Fact-Based Decision-Making and Data literacy – LCNC-enabled analytics and BI tools creates an intuitive data exploration environment that is accessible and easy to navigate, so the team can create real-time insights, collaborate, present information to management teams and work in an agile environment, incorporating analytics within day-to-day workflow to make data-driven decisions.
Empowering Users – The low code, no-code analytics approach enables team members with tools that allow for data visualization, data preparation, predictive modeling, and the use of analytics to create reports, dashboards and data visualization. Data is presented in a way that is meaningful to each user, no matter their business function or their technology experience. Users can quickly respond to customer needs, market changes, and management directives and goals without the assistance of IT team members, thereby freeing the team to adapt and address issues quickly, and optimizing the IT team and resources. The user is empowered to use data in a way that allows them to leverage domain, industry and business functional knowledge, making them more independent and encouraging them to become power users. Analytics with LCNC platforms allows users to leverage dashboards and reports and dashboards that incorporate data integrated from disparate systems, without complex data preparation and coding.
Personalization and Customization – Low-code, no-code supports an intuitive drag and drop environment with pre-built components, so the organization and its users can create custom views, visualizations and tools to support the needs of a team, a business function, or a particular user, so users are not limited to restrictive reports, dashboards, visualization and tools. Because every business and every user is different, the ability to personalize and customize workflow to support user needs is key to user adoption and to successful use of data, and meaningful interpretation of data.
Enterprise Advantages
User Adoption – When an enterprise invests in business intelligence and analytics, it must ensure user adoption in order to make the most of its investment and its analytics strategy. By employing LCNC-enabled analytics, the organization ensures that users will WANT to use the selected solution to complete tasks and follow business processes and workflow to complete approval processes, present data, and increase the value of each team member’s knowledge and skill for the organization.
Enable Citizen Data Scientists – Create an environment where business users can thrive and become Citizen Data Scientists with solutions that are easy-to-use, intuitive and can quickly produce results and data insight that will enhance the team value to the organization.
Improved Return on Investment and Total Cost of Ownership – The deployment of analytics and BI tools with LCNC components improves Return on Investment (ROI) and Total Cost of Ownership (TCO) by increasing user adoption, improving productivity and decreasing the time it takes to make a decision, and by leveraging the skills and knowledge of your team, as well as optimizing the time of your IT team and data scientists by redirecting their attention to more strategic issues.
Responsive to Changing Workflow and Technology Environs – LCNC analytics enhances workflow and automates business processes across systems and data repositories to improve process uniformity, user and management communication, efficiency and productivity. It improves team collaboration, so the business can make the most of its technology and human resources. LCNC is flexible and agile and can help the enterprise to respond to changes in technology and changes within the business environment.
Scalability and Governance – Governance, security and scalability are all important aspects of technology management. To protect its interests, mitigate risk and establish best practices, the enterprise can use the capabilities and backend components of its analytics solution to build appropriate frameworks, create policies and best practices, and build an integration strategy to support LCNC analytics within existing systems.
Cost vs. Productivity – When the enterprise chooses LCNC analytics and BI tools it can leverage low-code/no-code platforms to reduce reliance on programmers and developers and allocate those resources to more strategic projects. By encouraging collaboration among users and with IT and Data Scientists the business can leverage business, technical and other specialized knowledge and encourage innovation, data democracy and data literacy to drive enterprise efficiency and growth.
Data Integration and Embedded BI – LCNC analytics allows for ease of data integration among data resources, with APIs and pre-built connectors so the enterprise can easily integrate data from ERP, CRM, HRM, finance, SCM and other systems with no complex coding required. LCNC components allow for ease of data integration visual tools to map and transform data from disparate sources and systems so the organization has a comprehensive view of data and can gain valuable data insight. Embedded BI and analytics components can further enhance user adoption and enterprise ROI and TCO by integrating analytics within familiar and popular business applications.
Preparing for the Future – The future of no-code and low-code within BI tools and analytics solutions is promising. Current and future development in Artificial Intelligence (AI), and Machine Learning (ML) will enable further expansion of LCNC capabilities. As these tools become more intuitive and adaptive, the enterprise will see more advantages. Users and businesses will enjoy a more personalized experience, more seamless contextual awareness and more responsive user interfaces for data preparation, predictive analytics, data visualization, and clear, concise dashboards and reports. The business will enjoy more personalized guidance, more refined data insight and more targeted data analytics to support the future of the enterprise.
For a more detailed discussion of Low-Code/No-Code in Analytics, explore our complementary article, ‘The Use and Benefits of Low-Code No-Code Development in Business Intelligence (BI) and Predictive Analytics Solutions.’
‘There are numerous benefits of LCNC-enabled analytics and employing analytics and low code no code for teams, business users, Citizen Data Scientists and, ultimately, for the enterprise.’
Contact Us to find out how no code data analytics and the low code approach for business analytics can support your needs. Our Business Intelligence and Augmented Analytics solution can help your business achieve objectives. Read this free article to discover the potential of no code business intelligence software and LCNC and AI in Predictive Analytics , explore our seamless analytics solution technology. Download a free trial of Smarten Analytics software.
For a detailed discussion of Low-Code/No-Code in Analytics, explore our complementary article, ‘The Use and Benefits of Low-Code No-Code Development in Business Intelligence (BI) and Predictive Analytics Solutions,’ ‘What is LCNC and How Does it Change the Analytics Market?’, ‘How Does LCNC Enhance BI and Predictive Analytics,’ and ‘Choose the Right LCNC BI Tools and Predictive Analytics.’