APIs, or application programming interfaces, have become vital components for businesses looking to compete in the digital economy. What draws business operations toward API implementation is the fact that APIs afford businesses the opportunity to get more out of their valuable data. Considering that the worldwide API management market size is projected to reach over $13 billion by 2027, it’s clear that APIs have created a prominent place for themselves in the digital economy.

Let me start by asking a question. Would you prefer to write reams of code to build your website, blog, or web app, or would you rather use a tool that did all the work for you? If you are a software developer who wants to practice application development, you may opt to write the code and build it yourself.

As insurtechs and tech giants continue to disrupt the market, traditional insurers are under increasing pressure to modernize and keep pace with customers’ digital expectations. This trend shows no signs of slowing down. In fact, global insurtech investment reached a record $7.1 billion in 2020, with overall funding up 12% from 2019, according to Willis Towers Watson. It seems like everywhere you look there’s new technology promising to solve business challenges or inefficiencies.

Are you asking yourself the question “what is no-code”? You’re not alone. The concept sounds almost too good to be true: developing your own software applications without ever having to learn a programming language like Java or Python. Even your most technophobic employee can become a star software developer thanks to the proliferation of no-code development tools.