Agile Transformation of Digitalization

Digital technology is extremely changing the balance of power between customers and companies. While customers gain the power of information and choice, digital technology dramatically improves the world of business.

The rules of business are being rewritten nearly every day with these new digital technologies. It’s our job as a digital business manager to apply these rules to engage, compete, and grow. Every industry has a unique digital transformation opportunity. Banking and finance has its own dynamics. Especially retail banking was one the first movers that’s kicked off the digital journey.

Flexibility always plays the dominant role in the DNA of a traditional banks as they rebuild their operating models in a digital world. And also the digitalization of retail banking is not a new way of development. Online solutions and services have existed since roughly.

Actually there isn’t a sharp connection between building better software development and business agility. However, now Agile is maturing and digital transformation is driving change across companies. Realizing their best choice for achieving business agility is to take the best of Agile and apply it across the entire organization.

The first step in this ‘Agile transformation’ moving away from traditional hierarchical organizational models to small, self-organizing teams.

“You can’t put Agile teams in a bureaucracy,” according to Steve Denning, author, consultant, and a columnist for Forbes. “A mix of Agile and bureaucracy is unstable. One or the other will take over.” Communication and the constancy of servant leaders will determine breaking the chains of stability.

How successful are the enterprise’s on their digital journey via Agile transformation? Is it going to be the key solution for balancing the challenge between matured startups and global enterprises? Or the disruption may be inevitable!?

We will see consequences on the competitive market soon…