Low Code and Artificial Intelligence - The Powerful Combination Your Business Needs By Rajan Nagina, Head of AI Practice, Newgen Software Technologies

Low Code and Artificial Intelligence - The Powerful Combination Your Business Needs

Rajan Nagina, Head of AI Practice, Newgen Software Technologies | Friday, 18 August 2023, 14:42 IST

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Rajan Nagina, the brains behind Newgen's AI Cloud, has a deep passion for developing great products, cultivating exceptional teams, and establishing a culture of excellence. In addition to his remarkable professional achievements, Rajan is an avid reader and an exceptional storyteller. With an MBA from IIM Calcutta and a B.Tech in Computer Science from I.E.T. Lucknow, his educational background has allowed him to approach problem-solving from a unique and multidisciplinary viewpoint.

In the ever-expanding digital landscape, organizations face the challenge of extracting hidden insights from the vast volumes of data generated daily. The key lies in leveraging this data to make predictive decisions and drive effective outcomes.

As data continues to grow exponentially, organizations increasingly recognize the pivotal role of AI in transforming data into actionable insights. AI empowers businesses to uncover patterns, predict outcomes, and automate decision-making processes. However, developing AI solutions is complex and resource intensive. This is where low code platforms step in, empowering individuals to harness the power of AI and machine learning without requiring advanced technical skills. Through intuitive interfaces and pre-built AI models, low code platforms enable users to uncover insights easily.

The Low Code and AI Combo

Low code platforms equip citizen developers with the tools to build and deploy machine learning models tailored to their business needs. Leveraging distributed computing resources, these platforms offer "AI for AI" capabilities, automated exploratory data analysis, feature synthesis, automated machine learning, automated model retraining and deployment, and more. The fusion of low code and AI enables data-driven decision-making across the entire lifecycle, from data preparation to model training, validation, and deployment.

Here is what the duo stands to offer:

Democratizing Data-driven Decision-making

One of the key advantages of lowcode platforms is their ability to democratize data-driven decision-making processes. These platforms empower citizen developers or individuals without extensive coding skills to actively participate in building and deploying AI models. With user-friendly interfaces and drag-and-drop functionality, anyone in the organization can work with data, apply transformations, select algorithms, and fine-tune models. This democratization fosters greater stakeholder involvement and collaboration.

Driving Intelligent Process Automation

By combining low code platforms with AI, organizations can automate repetitive and mundane tasks, significantly improving operational efficiency. Low code-powered AI chatbots can handle data entry, document processing, and customer support, freeing up valuable time for businesses to focus on their core competencies.

Driving Predictive Analytics

Organizations can build predictive models using lowcode and AI to make data-driven decisions, detect anomalies, identify trends, predict customer churn, or forecast outcomes. This empowers businesses to respond to changes and optimize their operations proactively. The combination of low code and AI enables faster model development and validation, facilitating prompt decision-making processes based on predictive insights.

Enabling Hyper-personalization

Personalization is the key to providing an enhanced customer experience. Today's customers seek instant gratification and personalized solutions, which requires considering users' unique preferences. By leveraging user data and AI models, organizations can deliver targeted content, product recommendations, or customized user interfaces, improving user engagement and satisfaction.

The combined power of AI and lowcode is revolutionizing how organizations leverage data. By democratizing data-driven decision-making, organizations can ensure greater participation of individuals across departments. Lowcode platforms simplify the process of building, deploying, and maintaining AI models, making them accessible to a wide range of users. This empowers businesses to achieve digital transformation at scale, gain a competitive advantage, and unlock valuable insights.

With the right tools and a data-driven mindset, organizations can embrace the power of AI and low code to succeed in the data-centric world.

 

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