Business and Technology Insights

Unleashing the Benefits of Agile Software Development

 
February 21, 2018

The business world today runs on software. However, it can become obsolete in a matter of days. Customer needs and expectations change at the blink of an eye, and barriers to entry in almost every industry are falling at unprecedented rates.

To keep up with the constantly changing world of commerce, organizations rely on agile software development methods. Be it financial services companies, high-tech enterprises, or retailing giants, the agile method has been widely adopted.

Why has agile become hugely popular? Compared to traditional software development, agile methods let companies evolve their scope of work and keep up with the changing trends, provide early delivery of value, even while the project is under way. Companies using agile methods are able to accelerate software development and better manage changing priorities.

However, a number of companies are struggling with agile development or seeing mixed results. This is happening, because while they embrace Agile Project Management and Engineering practices, they also need to look at scoping and budgeting in a different way.

To learn how they do that, read my article Why Agile Software Development Requires Radical Changes in Budgeting and Scoping in this edition of our management journal, Perspectives.

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Nidhi Srivastava is the Global Head of IT Consulting for Tata Consultancy Services. She oversees the growth and development of technology consulting services for Agile, Service Management Architecture and Information Management practice areas across the firm’s Consulting Practice. Nidhi has more than 20 years of experience in defining, selling, and delivering complex technology-enabled business solutions to Fortune 500 companies. She has been part of the Consulting practice since its inception and has held leadership roles including the Global Head of Business and Technology Optimization Service Cluster.