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Low code is a visual approach to software development that allows teams to build applications 10 times cheaper and substantially faster; oftentimes without needing the help of software development teams. Low-code platforms enable users to drag and drop existing elements and features together to build applications and websites without writing code. (Credit: Murrstock/Adobe Stock) Low-code is a visual approach to software development that allows teams to build applications 10 times cheaper and substantially faster, oftentimes without needing the help of software development teams. Low-code platforms enable users to drag and drop existing elements and features together to build applications and websites without writing code. (Credit: Murrstock/Adobe Stock)

Tell me if this sounds familiar: You read a report or blog post about a new technology trend that will fundamentally change the industry without mentioning the astronomical cost associated with developing it.

Sure, it would be great if brokerages could build and iterate on technology like they’re an engineering team at Google, but hiring or outsourcing tons of technical muscle is not realistic for most insurance brokerages. As a result, a lot of organizations keep technology on their radar and decide to cross the bridge when they get there.

 

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