The best part of Agile methodology is that
industries can greatly adapt to the new economic structures and use phased
planning for continuous integration. Agile methodology for IT consulting projects
has helped in collaborative industrial work and increased customer
satisfaction. The new economy examples are the fast-paced internet industries,
technology-enabled industries, online marketplaces, communication industries,
CRM, etc. The new economy methodologies are adopted by high-growth industries
using cutting-edge technology. The major technologies used are AI and Cloud
Computing to captivate global interest and transform the way industries
nowadays work. The best part of adopting Agile methodologies for IT consulting
is that it is plan-driven and mitigates many risks.
Philips did Agile
adoption for its IT consulting projects to accelerate innovative, fast, and
quick skills adoption. The brand adopted Agile methodology under New
Economy solutions to manage the IT portfolio and unleash maximum
impact. The company wanted to drive the organizational capability to new
heights by transforming the IT portfolio.
The Agile method
adoption will help in driving the organizational agility to achieve the maximized
change. It will drive satisfaction among internal consumers. The customer and
professionals associated with the company will have more focused innovation to
improve the well-being of the people who uses Philip’s technology.
Major key successes
are registered with the use of Agile methodologies by the Philips brand. The
company worked with large-scale Agile transformation that supported the
innovation initiatives. It also helped in creating the sustainability
capability for the future. Using the technology consulting solutions from Agile
consultants, Philips got the opportunity to optimize the impact on the
investments.
Philips is working
towards improving the healthcare technological services it is providing. The
company is investing millions in IT consulting projects based on Agile
methodology. They have introduced six structured platforms: Market2Order,
Idea2Market, Order2Cash, Digital, Services and Solutions Delivery, and Group
Functions. The brand pulled up the Agile transformation at a large scale, delivering
IT growth to make things easier.
Source: PA Consulting
Agile
Statistics and Approach for 2023 to Explore the Latest Trends
The Agile frameworks
are adopted across various platforms and departments, but the software
development companies have the highest rate. 86% of the software development
teams have implemented Agile practices. The technology consulting services
providers are making a deep impact using Agile methodologies. 81% of the Agile
teams use Scrum with variations like the Hybrid Scrum Model and Scrumban.
Source: simform.com
In the last decade,
30% of the company’s projects exceeded the initial deadlines, and 50% of the companies have raised costs.
Capgemini Consulting recommended a step-wise approach towards the changing
business opportunities and priorities. The CIOs who adopted the Agile
methodology and took software product engineering services saw 77% improved project
visibility. 68% of the CIOs witnessed a simplified developmental process.
The new economy
companies use Agile frameworks and methodologies, especially Scrum, which helps
with great team organization and value generation. 75% of the companies use
Scrum Hybrid or Scrum methodology. Apart from this, Kanban is used to track and
manage the workload. 63% of the companies researched stated that they use
Kanban.
Companies adopting
Agile methodology are experiencing 60% in revenue and profit growth. It has saved
30% of the cost too. The Agile methodology adoption rate is 42%, which is far
more successful than the Waterfall methodology. So, more companies are adopting
Agile and making it a norm.
How
do New Companies Benefit from Agile methodology for IT Consulting Projects?
The IT and tech
industries are going through a major transformation because of the widespread
use of Agile methodologies and frameworks. The new economy industries are
adapting the Agile frameworks for proper collaboration and gaining customer
satisfaction. It includes various practices like Waterfall, Kanban, Scrum, etc.
Besides this, there are many advantages for the new companies too.
●
Consultation: You can
take the technology consulting agency services to increase the responsiveness
of the projects. Moreover, an Agile structure helps to
shift the client’s needs and guarantees alignment of the projects.
●
Provision
of Quick Resolution: Customers look forward to quick
resolutions rather than waiting for the time to resolve their problems. By
adopting Agile, the consumers will get the product they
choose, and there will be no compromises.
●
Better
Collaboration: The Agile framework encourages
better team collaboration by fostering effective communication. This
methodology encourages a culture of shared responsibilities with creative
problem-solving inputs. This innovative methodology provides high-quality
outputs.
●
Improvement:
By adopting an Agile methodology,
a continuous improvement culture will be encouraged. The teams can continuously
evaluate their processes to improve the quality and output. With ongoing
learning and adaption to the new technologies, the companies can work towards
the business’s longevity.
●
Increased
Customer Satisfaction: The inclusion of digital technology
along with Agile methodology will help drive consumer
satisfaction. The customers will get the products they want, and digital
technologies will help to absorb the latest trends. The companies can use AI or
the experience of a technology consulting company to adapt to the requirements
of today’s consumers.
Get
Agile Framework Services from Reputed Leaders!
Agile methodology is
helping companies to understand the perceptions and wants of their end-users.
You must adopt new platforms to serve your customers in a better way. Get the
best Agile methodology services from a reputed software product engineering company, Tntra. We have a
team of competent experts to render the best Agile framework services for new
companies.
Call Tntra experts
today to know how their partnership can help with your projects!
