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
2) Identify the Essential Functions That Excite Your 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.
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.
Bala Guntipalli, Sr. VP – Technology and Operations;
Linkedin.com/in/bala-guntipalli-mba/; 612 322 2470; [email protected]; BalaGuntipalli.com