Agile approach and Business Analytics are two key components that enable product delivery success. Agile approach is a customer-centric approach to defining, building, and releasing a continuous flow of valuable products and services to customers and users. It is one of the seven core competencies of the Lean Enterprise, each of which is essential to achieving Business Agility. Agile approach aims to provide business agility through a customer-centric technique that involves working in short, iterative cycles called “sprints” and regularly adapting to change. This approach can help your company streamline project management, avoid the cost of missed targets, greatly reduce rework, and increase efficiency, ultimately leading to financial benefits.
Business Analytics is the practice of using data to drive business strategy and performance. It involves exploring data sets and analyzing trends in order to identify opportunities for improvement. By bringing a product development approach to the planning and execution of analytics, organizations can scale isolated successes into the kind of sustained, organization-wide, data-driven decision-making that serves as the foundation of genuine digital transformation. Business Analytics can help enterprises rapidly increase their ability to deliver innovative products and services by ensuring that they are creating the right solutions for the right customers at the right time. It helps balance execution focus with a customer focus, which are mutually supportive and create opportunities for sustained market and service leadership.
Agile approach and Business Analytics are complementary practices that can help enterprises achieve Business Agility. By combining these two practices, enterprises can create a culture of continuous improvement that is focused on delivering value to customers. Agile approach provides a framework for delivering products and services that meet customer needs while Business Analytics provides insights into how those products and services are being used. Together, these practices enable enterprises to rapidly respond to changing market conditions, identify new opportunities for growth, and deliver innovative products and services that meet customer needs.
In conclusion, Agile approach and Business Analytics are essential components of product delivery success. By adopting these practices, enterprises can create a culture of continuous improvement that is focused on delivering value to customers. They can rapidly respond to changing market conditions, identify new opportunities for growth, and deliver innovative products and services that meet customer needs.
Destiny Young, MSc (Cand), Nexford University
Technology/IT Infrastructure Engineer
A future Business Leader
