#lowcodeautomation

What is low-code? Low-code allows you to program a machine through a visual interface, such as by drawing a workflow diagram. As the name suggests, low-code is a way to develop software using little to no coding. Instead of writing tons of lines of code using a computer language, such as Python, Java, or .NET, low-code allows developers to build business applications with the help of simple visual interfaces, similar to creating a flowchart or designing a website using pre-built components. This makes it a much more intuitive and human way of interacting with a machine than coding.

Appian (NASDAQ: APPN) today reveals that global leaders in financial services and insurance (FSI) believe that legacy IT infrastructure and applications are holding back their business transformation aspirations and automation objectives. These are the findings of a new report, "Financiers ridden with technical debt," from The Economist Intelligence Unit (The EIU), supported by Appian.

The insurance industry is undergoing massive modernization to improve outdated processes and enhance policyholder experiences. Delivering a connected insurance experience has become critical for insurers to stay competitive as the marketplace digitizes and insurtechs emerge, bringing new challenges to more established providers.

The financial services industry, like so many others, has undergone long-lasting changes in recent years. With the emergence of new technologies, new regulations, and unprecedented market changes, institutions have had to contend with unpredictability and rising consumer expectations. To effectively manage constant change, financial firms have to find a way to balance innovation and efficient process execution with risk. The following three shifts have made it even more difficult to navigate an already highly regulated industry.

The company's latest release features Appian Portals, technology designed to provide a straightforward way to expand the reach of Appian-built applications to external users. With Appian Portals, designers use low-code to quickly build and manage secure external websites that capture and expose (i.e. 'expose' in the sense of share, or offer out) data from Appian applications.

Government organizations rely on cross-functional collaboration and workflows to procure anything and everything they need to meet their missions. Every dollar must be accounted for and reported on to ensure transparency for constituents. These procurement teams need technology that helps them do more, better. Acquisition modernization impacts the procurement process from end to end.

Digital workflows are fairly glamorous. The creation of carefully built living digital entities that embody, encase and envelop every aspect of our human and machine existence in the workplace for any given task is arguably an extremely appealing prospect. The less than good news is that the core constructs that go into making digital workflows a reality are quite low-level and one of them is process mining. But the harsh reality is that process mining throws up are workflow bottlenecks. Not with Appian though...

The hurdles IT leaders will face in 2022 at first glance seem familiar: finding and retaining top talent, bolstering security, and creating friendly and robust remote work environments. But the ongoing pandemic has heightened these challenges. Securing employees’ personal mobile devices and other equipment for remote work has gained significance as the number of these devices skyrocketed as offices emptied. Along with these concerns, new ones have appeared, including an abundance of pandemic-driven burnout and a shortage of the chips that drive IT and industry as a whole. See how tech leaders plan to address their biggest concerns for 2022...

2021 was a busy year for insurers. Beyond supporting customers through an ongoing global health crisis, they’ve also faced increased competition from a growing number of insurtechs and pressure from customers to deliver a seamless, digital-first experience—all in addition to ensuring the overall customer experience is positive. All of these changes in the industry call for insurers to be more agile and open to change and innovation. 2022 is sure to continue to disrupt the status quo. Here are five trends we expect insurance companies around the world to see in 2022...

Process mining is on fire—a sizzling hot market that’s expected to grow from $185.3 million in 2018 to 1.4 trillion by 2023, with Europe accounting for the largest share of the growth according to the analyst firm MarketsandMarkets. But more than that, the trifecta of Process Mining + Workflow + Automation can unlock massive customer value for any company trying to compete and win in the age of hyperautomation.