Here at ICON we’ve been an agile business for a long time. We have experienced the ultimate benefits of how such an approach has improved our productivity. In fact, it made us work more efficiently and more coherently as a team. In this article, we’d like to share with you 3 main benefits of following an agile business approach.
Today’s rapidly progressive world is global, responsive, customer-focused and technology-driven. That being the case, it is crucial for a business to be flexible and adaptable to the ever-changing market, whilst also focus on its core business value and customer needs. All this needs to be done in a productive and cost-effective way. This is what makes a business Agile.
The principles of agile are mostly used in software development. However, the agile methods can be applied to every aspect of a business. Developing an agile culture and strategy will have a great impact on a company’s long-term success. In fact, agile approaches yield 400% better satisfaction and 470% better ROI, compared to traditional long IT projects.
Some benefits you can expect when adopting agile approaches:
Get to the market faster
Living in an app economy, where everything is reachable through a smartphone, customers expect regular product updates and improvements. When businesses push out these updates quickly and efficiently, they not only deliver value to customers before their competitors, but they also experience a quicker revenue flow.
Reduce risk and eliminate waste
Agile methodologies call for shorter release cycles and more frequent deliveries. This results in recurring product quality checks at every stage of the process. Thus, eliminating virtually any chance and risk of project failure.
The fact that agile development is iterative means that the features are delivered incrementally. Therefore, business realise results and benefits early on in the development process.
If you or your business follow an agile approach and have encountered benefits along the way, please do share your experience. We’d love to hear from you.
Do you have a project in mind? Are you looking to work with an agile software development company? We’d be happy to discuss your project! Contact us today to speak to a business expert.Tags: Agile business, Business Development consultancy, Product Innovation, Software Development