Scribd
Upload
9 views

blogpage

The document discusses the 'buy vs. build' dilemma in digital transformation, highlighting low-code and no-code platforms as a viable third option. These platforms enable businesses to quickly develop custom applications without extensive coding knowledge, offering benefits such as reduced costs, enhanced agility, and democratized development. The financial services sector is particularly well-suited for these platforms, allowing for streamlined processes and improved customer experiences.

Uploaded by

செல்வச்சுடர் துரைப்பாண்டியன்
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
9 views

blogpage

The document discusses the 'buy vs. build' dilemma in digital transformation, highlighting low-code and no-code platforms as a viable third option. These platforms enable businesses to quickly develop custom applications without extensive coding knowledge, offering benefits such as reduced costs, enhanced agility, and democratized development. The financial services sector is particularly well-suited for these platforms, allowing for streamlined processes and improved customer experiences.

Uploaded by

செல்வச்சுடர் துரைப்பாண்டியன்
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

> Blog > Tackling the Buy vs.

Build

Tackling the ‘Buy vs. Build’ Dilemma with


Low-Code and No-Code Platforms
Manish Narayanaswami Sales Director
Updated on 25 Sep 2024 • 3 min read

The 'buy versus build' is a common challenge faced by industry leaders embarking on
digital transformations. The decision between purchasing ready-made, off-the-shelf
products or developing custom solutions from the ground up can be daunting, often
dependent on factors such as time constraints, budgetary considerations, and the
availability of IT resources.

However, the advent of low-code and no-code platforms has introduced a viable third
option for reshaping the digital transformation landscape.

The emergence of low-code and no-code


platforms
This website uses cookies to ensure you get the best experience. Check our Privacy
Close
Policy
A new powerful force has recently entered the scene, offering a compelling
alternative to the traditional "buy vs. build" dilemma: low-code/no-code platforms.
These innovative platforms empower businesses to build custom software
applications without extensive coding knowledge.

The low-code, no-code market, especially within the banking, financial Services, and
insurance sectors, has experienced exponential growth, reaching over $50 billion,
and is projected to hit $70-80 billion by 2027.

Traditional 'buy or build' approaches can lead to improper use of technologies,


ineffective utilization of technical resources, and, ultimately, failed projects. Statistics
show that only 30 percent of digital transformation projects achieve their intended
value.

The transformative power of low-code/no-


code platforms
Imagine building intricate structures with pre-fabricated building blocks. By doing so,
you can eliminate the complexities of traditional brick-and-mortar construction,
which is the essence of low-code/no-code platforms. They provide users with a visual
drag-and-drop interface, allowing anyone, regardless of technical background, to
assemble pre-built functionalities to create custom applications.

The emergence of low-code/no-code platforms marks a significant shift in the digital


transformation landscape. Let's delve deeper into how these platforms can
revolutionize your organization's journey:

1. Accelerated Time to Market:


Traditional software development can be lengthy and resource-intensive. Low-
code/no-code platforms significantly reduce development time by eliminating the
need for extensive coding and complex integration efforts. Businesses can launch
new applications and features faster, gaining a competitive edge in the ever-changing
market.
This website uses cookies to ensure you get the best experience. Check our Privacy
Policy
2. Enhanced Agility and Flexibility:
Business needs constantly evolve, and traditional software solutions often struggle to
keep pace. Low-code/no-code platforms offer the flexibility to modify and adapt
existing applications as requirements change easily. This empowers businesses to
respond more to market demands and adapt to unforeseen challenges.

3. Democratizing Development:
IT professionals have traditionally confined software development to their realm. Low-
code/no-code platforms break down this barrier by empowering citizen developers –
individuals within the organization with domain expertise but limited coding
experience – to participate in the application development process. This fosters
greater collaboration between business users and IT teams, creating solutions better
aligned with specific business needs.

4. Reduced Costs and IT Dependency:


Developing custom software solutions from scratch can be costly and resource-
intensive. Low-code/no-code platforms offer a more cost-effective alternative by
reducing the need for extensive coding and specialized IT expertise. Additionally, the
ease of use of these platforms allows for reduced dependency on IT teams, freeing
up valuable resources for other critical initiatives.

The rise of low-code/no-code in financial


services
The financial services sector (BFSI), with its complex regulatory environment and
constantly evolving needs, presents a perfect use case for low-code/no-code
platforms. These platforms enable financial institutions to:

Streamline internal processes: Automate routine tasks and workflows, improving

efficiency and reducing errors.

Enhance customer experience: Build custom applications that cater to specific

customer needs and preferences.


This website uses cookies to ensure you get the best experience. Check our Privacy
Policy
Comply with regulations: Develop solutions that adhere to strict financial

regulations and reporting requirements.

Kissflow: Simplifying the "messy middle


layer"
Messy Middle Layer

Kissflow

02:46

Kissflow is a leading low-code/no-code platform that addresses the challenges


employees face with the "messy middle layer" – a term that describes the multitude
of informal and often inefficient processes between core enterprise systems.

Kissflow empowers citizen developers to:


Build simple and efficient solutions for daily tasks without relying heavily on IT
teams.

Customize existing workflows to meet their specific department's needs.

Collaborate effectively with colleagues throughout the organization.

Kissflow offers a comprehensive suite of features to


empower businesses in:
Configurable Case Management: Streamlines complex workflows and approval

processes.
This website uses cookies to ensure you get the best experience. Check our Privacy
Policy
Process Automation: Automate repetitive tasks and eliminate manual errors.
Low-Code App Development: Build custom applications without writing code.

Reporting and Analytics: Gain valuable insights into process performance and

identify areas for improvement.

Integration Tools: Connect seamlessly with existing systems and data sources.

Collaboration Widgets: Foster effective communication and collaboration within

teams.

Seamless Deployment: Cloud-based platform eliminates the need for complex

infrastructure setup and

Share:

Related Articles

3 MINUTES READ 3 MINUTES READ

Decoding the Future of Leveraging Low-Code


Development: A Deep to Accelerate Digital
Dive into Low-code, Transformation
No-code, and Pro-code Initiatives

This website uses cookies to ensure you get the best experience. Check our Privacy
Policy
3 MINUTES READ

Streamlining Business
Operations: What
Agility With Low-Code
Process Orchestration
Can Look Like

sales@kissflow.com English

This website uses cookies to ensure you get the best experience. Check our Privacy
Policy
Platform

Overview

Why Kissflow?

Low-Code Development Platform

No-Code Development Platform

New feature releases

Quick links

Pricing

Schedule a demo

App store

Support

Use cases

Application development

Process management

Case management

BPM software

Workflow software

Citizen development

Digital transformation

Legacy modernization

Lotus Notes migration

This website uses cookies to ensure you get the best experience. Check our Privacy
Policy
Industries

Banking

Insurance

Healthcare

Manufacturing

Retail

Templates

Leave management app

Expense management app

Performance management system

Resources

Blog

Events

eBooks

Videos

App integrations

FAQ

Developer Hub

API docs

Help docs

Academy
This website uses cookies to ensure you get the best experience. Check our Privacy
Community
Policy
Company

About us

Customers

Partners

Careers

Life at Kissflow

Analyst Reports

News & Media

Brand assets

Contact us

Terms of Service | Privacy Policy | Compliance | Security | GDPR | Responsible Disclosure | End of Life (EoL)
Copyright © 2025 Kissflow Inc.

This website uses cookies to ensure you get the best experience. Check our Privacy
Policy

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy