Digitization of business processes is emerging as one of the prerequisite components of the business survival tool kit and organizations all over the world cannot stress enough on the contribution of one tremendously contributing factor -- the agile foundation to digital development.
Digital has established itself as a two-way stream in advancing industrial processes and reshaping decisions, in the sense that, digital technologies promote growth and progress of businesses while at the same time these business processes are optimized to keep up with the changing times of digital and internet services. For example, AI-enabled voice recognition models like Alexa help us browse the internet and shop online without having to lift a finger. Here, the customer’s changing needs of convenience drive the use of digital technology to browse through the digital services of e-commerce.
The question that thus arises is, how is such a customized and advanced digital transformation achievable? And the answer lies in another tool -- Agile. Far beyond software development, agile has established strangleholds in helping upgrade the functioning, productivity, and profitability of various industries. Globally acclaimed researches and discussions like that of Forbes have concluded that the dangers of lacking an agile approach while looking at digital transformation are adverse and can hamper a company’s growth in multi-dimensional aspects.
The Integration: Why Has Agile And Digital Become A Necessity For The Future?
Rather than being beneficial as a precisely unanimous integration, Agile and Digital combine together to advance industries as supplementary processes. This means that Agile enables and empowers Digital transformation, which in turn, further instrumentalizes unprecedented growth in industries.
This advancement can be owed to the combination of innovative, iterative processes of the agile with analytic, and intelligent tools of the digital that produce evidence of assured adaptations to changing market conditions. For instance, the scope of AR, VR technologies are far fetched, but these cannot reach their full potential in the absence of collaborative, cross-functional efforts to streamline the pros and eliminate the cons. When such an approach is applied to these technologies, futuristic innovations like VR simulations in architecture, AR dashboards in automobiles, among others are born.
Any company that is swift to adapt, learn, and rethink ways of functioning according to intuitive insights based on agile digital transformation, will be consistent and resilient through changing times. This understanding binds the theory that agile and digital are the progressive tools that make the future of problem-solving -- old, present, and those yet to come.
Benefits of Integrating Digital and Agile For Companies
If the above discussion has overwhelmed you with questions regarding how exactly these tools make a combined progressive effect on various industries, here are the top 6 points that will briefly help you wrap your head around it all.
Enhanced Customer Experience
Unarguably the most important defining factor of any business; customers are considered to be the king of all economic activities. Let’s consider the simple example of devising a rich interface for easing out customer’s P2P (Purchase to Pay) process to enhance the experience. While an immersive payment gateway would count as a digital achievement, an agile approach will add the facility of feedback to the process, thereby rendering them with a more satisfactory procurement experience.
Increased Level Of Transparency
Owing to the availability of data and various readings on a real-time basis in as little as a click, along with the tools at our disposal to organize, sort, and collectively analyze this data has expedited the scopes of teamwork. With the incorporation of agile, functions like digital reporting, presentations, tracking progress have achieved impressive levels of flexibility and accessibility, thereby increasing the transparency between all entities involved.
Agile calls for a development that is continuos and draws on the persistence of the team. Digital transformation may hold the power to take your company to places, however, if the processes to attain digital objectives lack regular up-gradation and buildout, your brand’s success will most likely be limited, if not falling into a bear. As an excellent example, a technological innovation as smart as your phone requires regular updates!
Agile approach imbibes a sense of discipline in adhering and accomplishing tasks in a given time frame -- an attribute that stands pivotal to budget management and cost control. This benefit derives from a cycle wherein digital tools aid in better use of the agile approach for budgetary management, and in turn, the vice versa.
Avante Garde Personnel
Employees are the driving force of any organization and for a company to reach the maximum potential of digital, personnel with a good command over subscribing processes are quintessential. A workforce that is better skilled and proficient with every bit and piece of the new technologies existing or the ones’ that your brand aims to make a digital asset out of, can be best achieved, organized, administrated, and promoted by using agile learning methodologies.
For instance, an agile approach will prove extremely useful in training employees for the futuristic AR technologies as well as shaping their minds to be more perceptive about how these technologies can be used for the company’s advancement.
Industrial Use Cases
A good assessment of the scope and understanding derived from the above discussion clearly indicates how industries have started exploring and increasingly relying upon this expansive integration. Use cases involving capital projects particularly take the limelight when discussing agile and digital going hand in hand to produce effective solutions to the most traditional problems -- running over budget and late.
The problem is substantially huge, considering the concluding research by Bain and Co. that states in the absence of this integration, projects run the risk of getting delayed by five years, if not more than that; a straightforward indication of losing on the return on capital.
However, the vastness of the problems only suggests how effective and empowering the tools of digital and agile have become, if the combination can sufficiently tackle these and many other old-age problems.
Demonstrably, digital and agile define the industrial future combined.