The No-Code Revolution
More and more software applications like Salesforce, Pipedrive, Trello, Airtable, and others have built platforms based on no-code principals. Some of these apps focus on specific functions like sales teams. Others deliver more general collaboration. Whatever the application, no-code software strategies include four areas of focus:
- Provide drag and drop “widgets” or other elements that can be visually organized to build apps or configure business processes
- Create simple “filters” and data queries to empower instant customization
- Use APIs to easily integrate data from various web services or other applications
- Broaden appeal to non-technical users versus targeting traditional developers
Why It’s Hot:
Low code or no code is becoming the trend more and more as the dominant channel is a small screen smartphone and performance and familiarity outweighs being unique for mass market audiences.
Products like Squarespace, Wix, Mailchimp, etc used to be considered great for the small business that can choose a canned template, but using them in the enterprise could democratize digital experience development outside of IT and speed up that time to market exponentially.
Look for more products that could scale to the enterprise where the big $$$ are and potentially a competitive advantage to get a landing page, emails, etc. designed and produced all within the same platform.
Cool blog about how Amazon’s evolution as a marketplace and how Walmart tried to compete and catch up over the years.
Shopify has built a strong eCommerce SaaS platform for anyone, from small to large businesses. The platform bundles payments, designers, customer developers, and now 3rd party logistics for fulfillment, which is Amazon’s key advantages.
Take a look at the blog and more discuss during the hotsauce session.
New York is gearing up for an epic food fight.
Senate Minority Leader Chuck Schumer, D-N.Y., singled out Grubhub over the weekend, calling for greater oversight after allegations of unfair trade practices. The senior New York senator was reacting to recent reports that the delivery app company had improperly charged restaurants fees even when an order had not taken place.
Councilman Mark Gjonaj, the New York City lawmaker spearheading the push to regulate Grubhub, said it goes beyond just bogus fees.
“These mom-and-pop shops have an unfair disadvantage,” Gjonaj told CNBC’s “Fast Money ” on Monday. “They’re competing against billion-dollar venture capital-invested companies. The fee structure is up to 33% of the total charges, and we know [their] profits are 6% to 12%. On every order, there is a net loss to these small businesses.”
Why it’s Hot!
Grubhub, DoorDash, UberEats, etc. have created a huge benefit for consumers to easily have food delivered easy peasy, but whenever someone wins, somebody else usually loses. In this case the consumer is winning with food delivery wars creating tons of competition and incentives for us to have food delivered for a small fee and ultra convenience.
Well this story shows how it impacts these local restaurants with crazy fees that result in net losses in a low margin business to begin with. This brings to light if these disruptive digital businesses are viable with their high fees and increasing costs (higher minimum wage), etc.
DoorDash recently passed up GrubHub in revenue and eyeing an IPO, but for that convenience are small and local businesses going to be able to afford those fees or will only the larger establishments with high volume and margins be able to survive?