Why Businesses Want to Go Agile?

  • : January 24, 2017
The advent of digital technologies has intensified competition in the business arena. As customers look for solutions that appease their time and cost constraints, Agile is fast-becoming the new competitive differentiator.
 Agile approach involves iterative and incremental approach to complete deliverables in the shortest possible time. Along with a change in mindsets and increasing adoption of digital technologies, we are seeing a paradigm shift from standardized practices to an agile approach.
Many businesses are now eying agile development as the perfect solution for upping the ante.  Want to know why businesses want to go agile? Here are compelling reasons to answer that question:

 1.       Greater Customer Satisfaction

Several reports have suggested that enterprises using Agile Methodologies report higher levels of customer satisfaction and lower levels of unfixed critical defects. This can be attributed to the following benefits of Agile adoption:
  • Active involvement of product owners
  • High visibility of progress
  • Effective risk management
  • Flexibility to change as needed
  • Improved business engagement

 2.       Increasing Revenues & Lesser Expenses

Digital technologies have indeed changed the way people consume content, leading to disruption of traditional revenue sources. The iterative agile approach leads to incremental results, which help businesses fine-tune their strategies to suit current trends…
Additionally, the adaptive, goal-driven and lean agile approach helps uncover new revenue sources, without increasing costs. This is mainly because of iterative techniques involving:
  • Better communication that leaves no room for errors
  • Leveraging existing resources to improve efficiency and enhance revenues
  • Adaptive solutions for sharing information in a collaborative manner
  • Creative techniques to automate management tasks
  • Increased project predictability for customer, leading to lower chances of failures
 Agile approach involves a shared model, which results in consistent revenue growth. Research has shown that agile businesses generate 30% higher profits than their non-agile counterparts. The overall growth of revenue for these agile businesses was also 37% faster than their non-agile counterparts.

 3.       Lowering Risks

Risk management is crucial for every business in today’s world, especially due to rapid changes in technology and trends. Agile approach is known to reduce risks because of its iterative approach. Here’s how embracing agile could reduce risks for businesses:
  • Enabling consistent product feedback to bridge the gap between product expectations and final result.
  • Mitigating chances of misunderstanding by unifying product team’s definition of product goals.
  • Sustainable and predictable delivery pace through cross-functional teams.
  • Quick identification of incorrectly prioritized requirements & gaps in requirements
  • Enabling transparency at all levels of an enterprise.
 Agile is indeed about delivering excellence with technical prowess centered on continuous reduction of risks. Agile processes help in addressing team dysfunction at an earlier stage and helping in facilitating continuous improvement!

 4.       Shorter Time-to-Market

Reports have hinted that teams using Agile are 50% faster and 25% more productive than their non-agile counterparts. Here’s what can help businesses reduce time-to-market with agile implementations:
  • Sharper focus on client requirements.
  • Identifying trends and monitoring progress.
  • Focusing on delivering excellence throughout the entire product delivery lifecycle.
 With flexibility at its core, agile adoption unlocks the door to effective workflows, which result in better time-to-market. This helps businesses gain appreciation from their clients and improvise their strategies furthermore.

 5.        Improved Visibility

Agile methodology is the foundation for nurturing a performance-driven culture, where businesses can have a clear view on the status of their projects at any given time. This improved visibility helps ensure efficient workflows, which are a result of the following agile implementations:
  • Rich human integration that supports constant measurement of progress.
  • Effective workflow management for faster responses.
  • Greater controls for enabling continuous process improvements.
  • Better visualization for greater clarity and sharing information in real-time.
  • Improving and gaining perspective for taking iterative results towards perfection
This improved visibility helps businesses collaborate with their clients and brainstorm on how to enhance their business processes. The outcome of these amazing endeavors is great results and better customer satisfaction!
The agile methodology is hence, unsurprisingly becoming a favorite for businesses… Have you adopted Agile already? If not, it is now time to choose a proven and efficient approach for more revenues, happier customers and fewer risks!

At VisioNext we have acquired expertise in Agile Transformations for businesses across verticals. Call our experts today to discuss how can help you sustain your efforts in Agile transformation.