Getting to Excellence via Agile Transformation - Nolij Consulting

1. Getting to Excellence via Agile Transformation – Nolij Consulting The Agile transformation is the process of transforming the organizational structure to be more collaborative and adaptive. Agile is an approach that many companies are embracing in their business. It's a way of doing things and it requires lots of collaboration and adapting to the change. It also motivates people as they have more responsibility for their work and as they have more ownership over the projects. Enterprise Agile transformation developmentis not just about changing the software development process, it’s about changing how someone thinks, feels, and behaves in their workplace. What are the Benefits of an Agile Transformation? Adapt to Change Quickly in a Rapidly Changing World Most of the time, humans are resistant to change, they often think that they know everything and that change is not necessary. However, in a rapidly changing world, change is necessary for survival. Streamline Workflow Agile transformations are an effective way to streamline workflow. They are a shift from traditional waterfall project management and have proven to be successful in a variety of industries. Deliver Quality Solutions Faster to Customers Businesses are quickly becoming more competitive and the demand for content is increasing exponentially. As the world becomes more competitive, businesses are desperate to stand out from their competitors. Minimize Risk of Financial Losses & Improve Operational Efficiency Financial institutions are in a race to adapt their business strategies to new technology. The decline of the paper check, for example, has a significant impact on how banks operate. They now need to find ways to replace the lost income that was generated by managing checks and moving the money from accounts.

2. Additionally, financial institutions are facing risks from fraud and cyberattacks. Fraudsters may be able to generate a fake identity or steal an existing customer’s name and information. They can use this information to withdraw money from an account or make purchases with credit cards that they shouldn't be able to buy with because they're not authorized. It is difficult for banks and other financial institutions to protect themselves against these risks because it's difficult for them to know when their customers are in danger until it's too late. How Agile Transformation will change Business? Agile transformation is not a new concept with many companies already making the switch. It is a method of designing and developing products that focus on the customer. This will in turn create better products and less rework, which will save time and money in the long run. The Agile testing methodology is used extensively in software development but can be applied to other parts of an organization as well such as marketing and sales. Organizations have to first identify what they need, or what they want to achieve. Once this has been identified, then they can create an implementation plan for how it should be done incorporating feedback from customers or users at any stage of the process. Future of Agile Transformation The future of agile transformation is still uncertain. It seems that many organizations still struggle to maintain the agility and speed of Agile transformation. This is because the companies have not identified what agile transformation means for them and how they should implement it. One way forward for companies struggling to maintain the agility and speed of Agile transformation is to develop an integrated roadmap, a plan that outlines what needs to be done for the company to transform into a digital organization.