In today’s business climate organizations are under pressure to deliver digitally enabled and digitally driven performance improvement and growth. In order to address these opportunities and transform, innovate, and rapidly deliver digital business outcomes, companies must react to new information and insight in real time and decrease time from ideation to implementation.
CIOs will play an essential role in this process. To be effective, they must engage and partner with their LOB and CXO peers, and adopt collaborative and agile approaches to innovation, including creative problem solving, opportunity identification, and solution ideation methodologies, and agile, lean development processes which speed up time to value and time to scale.
According to the VersionOne 9th annual State of Agile Survey, agile practitioners report the following top three benefits:
Ability to manage changing priorities – 87%
Team productivity – 84%
Project visibility – 82%
Realizing the vision established in a company’s overall digital business strategy requires close alignment between IT and business, and involves cross-functional teams leveraging Build-Measure-Learn (BML) models to ideate, design, test, and deliver innovative minimum viable products. Without strong CIO/CXO/LOB collaboration to facilitate hypothesis testing, and rapid, iterative BML cycles that connect action and outcome, the agile approach will break down.