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2 minute read
In the past, businesses have often relied on IT professionals to solve complex problems such as software development, data analysis, and automation. However, with the emergence of no-code SaaS (Software as a Service) solutions, businesses can now solve these problems without the need for technical expertise.
No-code SaaS solutions refer to software applications that allow non-technical users to create custom software applications and workflows without writing a single line of code. These solutions provide businesses with the power to automate processes, analyze data, and create custom applications without the need for IT professionals. Per Garner, 75% of large enterprises will be using at least four low-code development tools for both IT application development and citizen development initiatives, by 2024.¹
Advantages of No-Code Platforms
One of the biggest advantages of no-code SaaS solutions is their ease of use. According to a 2021 report from UserGuiding, 84% of enterprises have turned toward low-code/no-code for their ability to reduce strain on IT resources, increase speed-to-market, and involve the business in digital asset development.² With no coding required, businesses can save time and money by avoiding the need for technical training and the costs associated with hiring IT professionals. Additionally, no-code SaaS solutions are often cloud-based, which means that they can be accessed from anywhere with an internet connection.
Another advantage of no-code SaaS solutions is their flexibility. A 2020 report by G2 found that low-code solutions can help reduce the time required to develop new applications by up to 90%, enabling faster collaboration and iteration.³ These solutions can be customized to meet the specific needs of a business, allowing them to create workflows and applications that are tailored to their unique requirements. This flexibility also means that businesses can adapt quickly to changing market conditions and take advantage of new opportunities as they arise.
What’s Next for the No-Code Industry
Looking forward, it’s inevitable that no-code SaaS solutions will continue to evolve and improve the way companies deploy IT projects. One area where we can expect to see significant growth is in the integration of artificial intelligence (AI) into these solutions.
AI has the potential to transform the way businesses use no-code SaaS solutions. For example, Natural Language Processing (NLP) solutions like Lettria are already enabling non-data-focused collaborators to contribute outside expertise to highly technical segments of NLP development, like text labeling and ontology management.
With AI tools like Lettria, you can expedite MVPs that previously took months to be ready in mere weeks, uncovering key actionable insights in record time. Explore the platform today and see how it can empower your data-driven projects.
In conclusion, no-code SaaS solutions have emerged as a powerful tool for businesses looking to solve complex IT problems without the need for technical expertise. Their ease of use, flexibility, and cost-effectiveness make them an attractive option for businesses of all sizes. Looking to the future, we can expect to see these solutions continue to evolve and improve, with the integration of AI providing even greater capabilities and benefits.
Frequently Asked Questions
Yes. Lettria’s platform including Perseus is API-first, so we support over 50 native connectors and workflow automation tools (like Power Automate, web hooks etc,). We provide the speedy embedding of document intelligence into current compliance, audit, and risk management systems without disrupting existing processes or requiring extensive IT overhaul.
It dramatically reduces time spent on manual document parsing and risk identification by automating ontology building and semantic reasoning across large document sets. It can process an entire RFP answer in a few seconds, highlighting all compliant and non-compliant sections against one or multiple regulations, guidelines, or policies. This helps you quickly identify risks and ensure full compliance without manual review delays.
Lettria focuses on document intelligence for compliance, one of the hardest and most complex untapped challenges in the field. To tackle this, Lettria uses a unique graph-based text-to-graph generation model that is 30% more accurate and runs 400x faster than popular LLMs for parsing complex, multimodal compliance documents. It preserves document layout features like tables and diagrams as well as semantic relationships, enabling precise extraction and understanding of compliance content.
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