Top 10 Benefits of Low Code / No Code BI Solutions
by Ramesh Panuganty, Founder & CEO
Top 10 Benefits of Low Code / No Code BI Solutions
by Ramesh Panuganty, Founder & CEO
Low-code or no-code platforms are revolutionizing the way enterprises are achieving rapid application development, creating customer interaction interfaces, and adopting better digital transformation practices. The use cases and demand for low-code/no-code platforms is rising across industries, from healthcare, retail, and customer experience to data integration, analytics, and business intelligence. According to Gartner, 70% of new applications developed within enterprises will use no-code or low-code technologies by 2025, up from less than 25% in 2020.
What is a low-code or no-code BI platform?
Low-code or no-code technology uses the simplicity of graphical interfaces, predefined templates, and drag-and-drop functionality to help users build apps and create solutions with little or no coding. Similarly, low-code or no-code BI platforms simplify the complexities of processing data, configuring models, and authoring policies for extracting insights using an intuitive user interface without requiring much technical expertise. These platforms offer powerful features to access, integrate, control, secure, and monitor data easily.
Low-code or no-code BI platforms empower all types of users – be it IT experts, data engineers, business analysts, or everyday decision makers – to understand, use, and customize BI for their ad hoc questions and specific insight requirements. Using these platforms, data engineers and analysts can focus their time and efforts on high-value complex projects, while business users become self-reliant in performing analysis and finding insights for their daily decision-making.
Benefits of using low-code or no-code BI platforms
Here are 10 important benefits of low-code or no-code BI platforms with which enterprises can gain a competitive edge and be prepared to adapt to changing times.
1. Faster onboarding of data
Collecting and integrating data from multiple sources to analyze and extract insights requires extensive efforts and time. Low-code or no-code BI platforms offer pre-built connectors and plug-and-play features that make data integration quick and effortless. These connectors prevent data duplication, reduced the extract-transform-load (ETL) efforts significantly, and ensure faster deployments reduced from months to days. Data from various sources like cloud, on-premise warehouses, or even CSVs can be unified and accessed from a single touchpoint, without requiring a lot of technical expertise.
2. Enriched data with automated data catalog
Low-code or no-code BI platforms not only unify data but also curate and enrich data to make it ready for analysis. These platforms automatically discover relationships and generate a curated and searchable catalog of data, thus making it easier for users to know what content is available. Each item of data is examined, classified, and presented in a clear and visual manner. Users can view data at granular levels, understand entity relationships, and improve entity and attribute details using an intuitive user interface, instead of going through extensive codes and tables of data.
3. Improved data quality and visibility
Low-code or no-code BI platforms provide a unified view of all data and bring the much-needed clarity required for managing data. Data which is enriched, curated and verified for missing or inaccurate details can provide more accurate and actionable insights. Low-code or no-code BI platforms make measuring data quality and identifying issues very easy. Without writing any code, users can view the data quality across multiple parameters and get recommendations to improve quality. This saves time and effort in manual verification and ensures that reliable and correct data is always available for analysis.
4. Improved scalability of analytics
As data volumes continue to expand and demand for insights increase, traditional BI cannot match the requirements and scale analysis. Low-code or no-code BI platforms are easy to scale, configure, and make available to users. These platforms make plugging new data sources, configuring ML models, tweaking rules, and adding users as simple as adding building blocks. This provides enterprises the much-needed control to scale analytics as required and adapt to changes rapidly, without undergoing complex overhauls.
5. Increased flexibility and agility in operations
Any type of change – be it technology or market trends – is prone to resistance and delayed actions. As business requirements change, low-code or no-code BI platforms reduce this resistance by making processes flexible and easy to modify. Users can customize models, configure parameters, and track business metrics to cater to the new requirements without getting into complex workflows. This helps enterprises build the ability to respond proactively to any change, improve time-to-market, and deliver better solutions on time.
6. Enhanced workforce capabilities
Gartner estimates that by 2026, developers outside formal IT departments will account for at least 80% of the user base for low-code development tools. Same can apply for citizen data analysts. Low-code or no-code BI platforms offer a simplified way to use advanced analytics capabilities for managing data, performing ad hoc analysis, and extracting insights. By removing technical roadblocks, these platforms not only benefit IT teams and technical experts but also business users. Their transformation into business technologists can help them respond to business and customer needs better.
7. Increased productivity
Empowering business users with low-code or no-code BI platforms not only makes them self-reliant but also solves the problem of talent shortage. They no longer have to depend on experts to help them find the right insight or create the weekly report. Graphical and intuitive user interfaces of low-code or no-code BI platforms give users the freedom to explore and get instant answers to their daily information needs. They can ask iterative questions, create dashboards with interactive visualizations, and share insights with their teams. This saves time, boosts coordination, increases workforce productivity, and stimulates innovation.
8. Boost for digital transformation
Digital transformation strategies can become more successful when everyone in the organization is able to adapt quickly. Low-code or no-code BI platforms reduce the learning curve of understanding technical knowhow and developing specialized skill sets. These platforms empower everyone to access data and real-time insights easily, adopt BI proactively, and use analytics themselves without any dependencies. By enabling data democratization, low-code or no-code BI platforms can elevate enterprises to achieve their objectives effectively.
9. Improved ROI
With low-code or no-code BI platforms, enterprises can change their approach and metrics easily to respond to customer feedback and market trends faster and better. Ease of use improves productivity, enables faster decision-making, and speeds up time-to-market. This results in better resource allocations, decreased costs, and increased returns on investment to ensure a significant lead over competitors.
10. Better data governance
The increasing regulations on data all around the world are having a direct impact on how data is handled and processed, who can access it, and for what purpose. The need for data governance systems that can handle intricate and flexible security policies with flexibility, clarity and control are rising. Low-code or no-code BI platforms enable users to create, edit and enforce policies without writing code. These platforms enable granular access to data based on role, geography, or work and provide a clear visibility of user activities and usage logs.
Looking for a low-code or no-code BI platform?
MachEye’s low-code or no-code BI platform comes equipped with pre-built data connectors for various cloud and on-premises data sources which ensures faster data onboarding without duplication. MachEye’s automated data catalog for labels and classifies data and enriches it with friendly terms and synonyms that users actually use in their searches. MachEye offers robust and easily configurable ML models with the flexibility to integrate out-of-the-box models. It also enables authoring access policies and enforcing data governance at granular levels, without writing code. With its intelligent search, actionable insights, and interactive audio-visuals, MachEye empowers everyone in the organization with powerful analytic capabilities, without writing code, learning complex syntax, or having high technical expertise.Start Your Free Trial