Digital Transformation

7 Business Benefits of Digital Transformation and How Agile Can Help Deliver Results Quickly

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This is a brief overview of digital transformation—including key steps, business benefits, and how agile can help deliver results quickly.

Digital transformation is about leveraging data and connectivity to change the way the business competes and adds value. Leaders who don’t seize this opportunity will see their organization's business value erode.

Digital transformation involves three key steps:
1. Convert data to insight. Collect, analyze and make sense of historical and real-time data.
2. Impart insight to action. Leverage the insight as an action within a business process or other application.
3. Convert action to outcome. Invent new or reinvent existing business processes or models, creating a stronger value proposition.

Digital transformation may yield one or more of the following benefits for businesses:
1. Reach ROI sooner
2. Better products/services
3. Faster time-to-market
4. Less waste
5. More profit
6. Protect/secure market share
7. Improved competitive advantage

Digital transformation is about revolutionizing the way business is done, and an agile approach can help teams adapt and deliver value quickly. That supports innovation and succeeding in a rapidly evolving world.

For those interested in agile,
Agile Scrum: Your Quick Start Guide with Step-by-Step Instructions provides an authoritative roadmap to easily and quickly implement Scrum, the most popular agile project management and delivery framework. It helps teams deliver products in short cycles with rapid adaptation to change, fast time-to-market, and continuous improvement―which drives competitive advantage. The book is available in paperback and ebook formats at Amazon. For more on the book, please see agilescrumguide.com.

If you have not done so already, you're invited to connect via social to receive the latest news, tips and more on the professional practice of Scrum—and information on the award-winning book, Agile Scrum. Like us on Facebook and follow us on Twitter.






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Agile Scrum Velocity

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Velocity is a simple but powerful method for measuring the rate at which Scrum teams deliver business value. To calculate velocity, simply add up the estimates (usually in story points) of the features, user stories, requirements or other backlog items completed in an iteration. Only work completed per the definition of done counts.

Velocity, Actual

Actual velocity is the sum of the team’s delivery of completed work during an iteration, usually measured in story points.

Example 1: A team completed work on three out of three stories in a sprint:

• Completed story “A” had 3 points
• Completed story “B” had 5 points
• Completed story “C” had 8 points

The sum of the three completed stories is 16, so the velocity is 16.

Example 2: A team completed work on two out of three stories in a sprint:

• Completed story “X” had 2 points
• Completed story “Y” had 5 points
• Incomplete story “Z” had 5 points

Only completed stories count. The sum of the two completed stories is 7, so the velocity is 7.

Velocity values may fluctuate from iteration to iteration, but the values often stabilize for teams after they’ve completed between three and six sprints.

Velocity, Planned

Planned velocity is the historical velocity for the team. It is sometimes called the estimated velocity or ideal velocity. If the team has not done any iterations before, there is no historical data, and planned velocity does not yet apply. If there is historical data, sum all the velocity values and divide by the number of iterations to obtain the mean average, and use that value as the planned velocity. Using a simple method like the preceding one is advised, especially when starting out with Agile Scrum. Some organizations use alternatives—such as a three-point moving average, trimmed mean average or the median average—for planned velocity.

This content is an abridged excerpt from the award-winning book,
Agile Scrum: Your Quick Start Guide with Step-by-Step Instructions, available in paperback and ebook formats at Amazon. For more on the book, please see agilescrumguide.com.

If you have not done so already, you're invited to connect via social to receive the latest news, tips and more on the professional practice of Scrum—and information on the award-winning book, Agile Scrum. Like us on Facebook and follow us on Twitter.






Award-Winning Book -Agile Scrum