Is Agile a Silver Bullet
for Innovation?
Are your innovative products meeting the needs
of your customers? Are you afraid of under-engineering
or over-engineering?
Are you focused on the right capabilities?
Experts
say 64% of features are rarely or never used.
1) Maximize The Predictable Product
Development/Innovation Expectations.
- Engaging Beta users can have the dual benefits of first hand feedback and potential paid customers
- The MMF (Minimum Marketable Features) are the meat of your offering.
- Focus your engineering and marketing efforts here.
- Be the first to the market to capture the lion share and set the base price expectations.
3) Applying Agile Prioritization Techniques
can significantly increase the chances of your company being the First to
Introduce Products to market (with the latest technology).
A Few Prioritization techniques that can
improve ROI on your Innovation are…
Relative
Weighing: Brings the market
demand, costs, benefits & risks associated with developing a feature or a
component together. It provides a measurable ranking system.
KANO
Analysis: Ensures innovation
teams don’t lose the customer focus. This technique ensures that right amount
of time and energies are spent in delivering the products with features or
components that create WOW factor to Customers.
MoSCoW: Helps the business and innovation teams to
deliver the products or features that address and solve the core problems
first. This technique ensures that time and money is not wasted on unimportant
things.
Agile frameworks use the PDCA model (Plan Do
Check and Act.) This model ensures the Innovation teams are getting regular
feedback from the customers throughout the Product Development Lifecycle. Applying
Agile Frameworks (Scrum/XP) can make the dream products deployed/released
faster and position your organization as a market leader. These frameworks also
help you to realize any false hopes/wrong expectations faster and thereby help
to manage investments in appropriate manner.
This article was written by Bala
Guntipalli, Sr. VP of Technology & Operations at TechVelocity Partners,
global technology services company offering cost-effective, independent IT
consulting services focused on digital transformation and other game-changing
technology strategies.
To know your Agile Maturity Index (AMI), please
free to contact us for a free AMI assessment.
COST MATTERS
Executives almost immediately ask about cost of such best practices. A
thorough and well implemented Agile Maturity Index don’t need to be exorbitantly priced.
Can you find consultants who combine excellent work at a reasonable
cost? It’s not easy to find cybersecurity/business technology consultants with
the needed industry expertise who can also easily prove the ROI. Instead of a
typical consultant model with “ideas” only and no “implementation”, they are
the ones who work relentlessly to solve the problems with passion rather than a
desire for a quick contract.
My IT and business advisory processes have been
honed over the past two decades across the globe in a variety of small, medium
and large enterprises and assisted in expert decision making around “partner,”
“buy” or “build” decisions to enable business strategies. I served in
leadership capacities at a range of companies including TechVelocityPartners.com, Cox Group, CUNA, IBM Corporation, Corcoran
Real Estate, Blue Cross Blue Shield, Global Healthcare Rehabilitation and more
and responsible for strategy, innovation, corporate growth, operations,
P&L, and product management.
As a management consultant, I
am supported by 2 proven global IT sourcing companies (610 +employees) to
achieve quantifiable results, and lessen the risk of working with unknown or
newly hired vendors.
I am a unique business-minded IT
professional...and a technology-minded
business strategist, who advances projects and
initiatives with an out of the box approach…
I
have observed that some IT departments view their role as supporting the
objectives of a cost center (overhead.)
I focus on: 1) Acquiring/developing
cost-effective, business-appropriate technology, and
2)
Using IT as a means to attract, keep, engage employees and customers... while
generating sales, increasing profitability and
satisfied customers guided by the "Rotary 4-way test."
- Are you prepared to accelerate the business success by transforming into an omnichannel digital enterprise, for a better long-term marketplace position?
- Are you confident that your IT advisors are helping you exceed your business goals?
- Are you satisfied in the way your company calculates ROIT (return on IT spend)?
- Are you sure when a new product or service is developed, the TCO (Total cost of ownership) is reduced, and the ROIT is improved?
I help
companies answer those questions and achieve their goals.
I have
accreditations from Harvard University
(Cybersecurity: Managing Organization's Critical Business Systems, Networks,
Data and Risk In The IT Age), The Indian
Institute of Technology (1 Year course in IT), an MBA from Madurai University, India, Mini MBA in Healthcare from University of St. Thomas, MN. I am a
recognized public speaker, an author on Digital Transformation and
Cybersecurity. I’m an experienced past
board member for 3 for-profit US companies and non-profit. 1) ArtSpace
International, owned 25 Art galleries in GA; 2) Global Rehabilitation, a healthcare
company in MN; 3) EdTrainU.com - most mgmnt consultants are Ph.D.’s in their
specialty; Non-profit – RisingStar Outreach, and serving as a President at
Plymouth Rotary.
No comments:
Post a Comment