Low-code and no-code solutions continue to grow in popularity, and for good reason. Soon, anyone will be able to build an application.
The key concept behind no-code is that individuals can create applications or capabilities without having to do any actual programming. This provides organizations with huge advantages, including creating significant time savings for development teams. Even more revolutionary, it enables so-called “citizen developers,” or non-technical business users, to create their own applications.
While much is being written about no-code platforms that enable teams to build applications from scratch, this is not always necessary. Modern business applications built on low-code or no-code platforms allow you to take full advantage of out-of-the-box functionality, while easily adapting them to your business needs.
Digital Product Management (DPM) and Strategic Portfolio Management (SPM) are prime examples of how the full promise of no-code can be realized. While standard product and portfolio management solutions are rolled out daily, the reality is that the needs of a modern enterprise continuously evolve. In the end, teams have to make these solutions their own and continue to adapt them as needed. For that reason, no-code SPM and DPM platforms can be game changers for digital innovation.
Dan Greer, president at Rego Consulting, noted: “In working with teams in Fortune 100 companies, I’d often hear how difficult and time consuming it would be to adapt portfolio management implementations. The process typically involved detailed requirements gathering, complex development efforts, and specialized staff. With no-code SPM platforms, teams can immediately identify new requirements and build solutions that address them. In this way, they can iterate quickly and continually adapt to ever-changing business needs.”
With no-code SPM and DPM platforms, teams can gain three strong business advantages:
A vendor’s SPM or DPM platform may be used by thousands of different enterprises, and many different teams. Across these different groups, there’s an almost infinite range of variations in terms of processes, terminologies, and objectives. One size does not fit all. Through no-code platforms, individuals at the team level can align their interfaces, dashboards, reports, and more to their specific preferences.
Developers are in short supply and costly. Through no-code approaches, organizations can keep these precious resources focused on high-priority efforts. At the same time, business users can be empowered to build capabilities they need to be more productive, better informed, and more strategically aligned.
Teams can also adapt their capabilities, and ensure they stay aligned with rapidly evolving business objectives. Rather than requiring laborious documentation, submission of enhancement requests, and so on, no-code SPM or DPM platforms enable teams to do rapid prototyping, iterate quickly, and gain stakeholder review and approval.
An executive at a large insurance company said: “Our users have embraced no-code features faster than we anticipated. Our no-code SPM platform gives them a common component grid to build and save their views. The fact that users can do this dynamically, without having to open a ticket and make a request from IT, is huge.”
By harnessing no-code SPM or DPM platforms, enterprises can realize significant improvements in productivity and business agility—and be positioned to maximize the return on their investments. To capitalize on these advantages, be sure to look for a no-code SPM or DPM platform that enables non-technical users to create personalized views and tailor content with drag-and-drop ease. Learn more about Clarity from Broadcom and how its no-code platform can help your organization manage digital products.
Author: Lynn Reling, Executive Advisor, Strategic Planning and Portfolio Management, Broadcom Software
