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Food and Beverages | Friday, November 12, 2021
Low-code technology can help cannabis companies to operate efficiently and improve processes without increasing expense.
FREMONT, CA: While many industries are rushing to digitize, the cannabis industry encounters its own set of challenges. Organizations worldwide have trouble generating a streamlined seed-to-sale flow while scaling to meet rising consumer demand, adjusting to a whirlwind of fluctuating regulations, and navigating this pandemic.
There is no one-size-fits-all answer to modernizing operations in the cannabis market because it differs a lot between states and regions. With so much change, it's challenging for businesses to stay flexible, efficient, and successful.
In other businesses, the solution is straightforward: improve spreadsheet workflows, hire more people to reduce data entry errors, and rely on IT to find better technology. These aren't available to cannabis businesses. They must improve procedures without increasing expenses or depending on technology. Several companies have recognized the remedy for running a successful cannabis business: low-code technology.
The cannabis market, by its very nature, has a lot of moving components. High standards must be applied throughout the company, from growers and processors to distributors and dispensaries, and this is difficult to achieve rapidly and adequately, mainly as the business grows. Products must be above-board and match expanding consumer expectations in the face of increased competition and regulations.
By using low-code platforms, cannabis businesses can now manage 95 percent of their operations through low-code apps. They can now automate procedures and workflows, consolidate all data into a single system, and easily interface their apps with a POS system and state-mandated tools. The companies can also save several hours of labor per day due to low-code.
While every company must comply with specific regulations, the cannabis industry is subject to stringent and ever-changing checks and balances.
Using low-code and extensive audit trails that are available in short time and real-time analytics and reports with customizable charts, graphs, and dashboards may give business leaders the best view of everything happening throughout their entire operations, from cultivation and extraction to harvest forecasts and third-party testing.
Companies don't need to know how to code to create beneficial low-code apps. That implies there will be no hand-coding and no back-and-forth between IT and coding experts. Low-code allows non-technical business people to transform their ideas into apps in days rather than months.
Growers, cultivators, and retail store owners passionate about their procedures can design apps to automate workflows and boost efficiency.