The role of Low-Code/No-Code platforms in accelerating digital transformation in regulated industries

Kolawole Joseph Ajiboye *

Independent Researcher.
 
Research Article
International Journal of Science and Research Archive, 2021, 04(01), 262-279.
Article DOI: 10.30574/ijsra.2021.4.1.0159
Publication history: 
Received on 25 September 2021; revised on 07 November 2021; accepted on 09 November 2021
 
Abstract: 
The modern digital age transforms regulated business operations and supports operational efficiency while promoting innovation together with regulatory compliance. The quick changes in regulatory environments pose challenges to traditional development methods because they fail to maintain proper speed. To speed up transformation processes low-code/no-code (LCNC) platforms offer organizations tools that help them create applications without significant coding requirements. The technology enables business personnel to gain control while providing workflow improvement together with less dependence on IT teams which results in better agility and faster response times.
LCNC platforms bring limitations when used for highly customized enterprise solutions and pose governance complexities to users who also must address security concerns. Any organization needs to find an equilibrium between simple user experience regulatory adherence and powerful system security to reach its full potential.
This paper evaluates how Low-Code No-Code platforms drive digital transformation within regulated industries through assessments of their capabilities to link operational objectives with technical infrastructure. The adoption of LCNC costs less during development and reduces project deployment periods yet it requires perfect industry guidelines implementation to succeed. LCNC platforms establish themselves as advanced solutions during digital transformation if they receive proper strategic integration although deploying them demands meticulous planning for risk reduction and extended value optimization.
 
Keywords: 
Low Code/No-Code Platforms; Digital Transformation; Regulated Industries; Compliance; Citizen Development; AI (Artificial Intelligence); Machine Learning
 
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Copyright © 2021 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0