Skip to main content

Report: Value stream implementations not leading to the results businesses want

Many organizations who have tried to implement value stream management (VSM) are now having issues with getting the results they want out of this practice.

According to a recent survey from Broadcom, more than two-thirds of respondents claimed that their visibility isn’t what it should be. In addition, the majority of companies are missing a key characteristic of mature VSM organizations, which is the continuous availability of data. Sixty-nine percent say they share their VSM metrics only quarterly or monthly. Only 9% continuously share data.

Just 2% of respondents to the survey consider themselves to be at a level of VSM maturity, where they are using VSM on all of their products. Sixty percent are in the early adoption stage, 13% are in planning, and 25% have a pilot project. In addition, 23% are only running VSM on a single product. “While organizations acknowledge the significance of VSM, a substantial portion find themselves in the early phases of adoption. This survey indicates a growing interest in ongoing performance improvements and aspiration for holistic, enterprise-wide visibility, alignment and efficiency to increase customer value,” said Jean-Louis Vignaud, head of ValueOps at Broadcom.

The survey also pointed out peoples’ challenges with mapping metrics to value. Sixty-three percent say their metrics aren’t mapped to product performance, and 11% say their companies don’t provide business metrics for measuring products.Decision making still remains largely centralized as well, with 85% of decisions either being made at the leadership level or requiring leadership approval before proceeding. 

To help companies better assess their maturity with VSM, Broadcom has now announced the Value Stream Management Maturity Model, which was created based on the survey results. The model provides insights, guidance, and actionable steps to help companies meet their VSM goals. It includes five levels: Foundational, Value Stream Aware, Collaborative and Visible, Data-Driven, and Full Transparency and Flow. 

“Value stream management has become a pivotal strategy for digital transformation, but success requires that teams understand where they’re at and where they’re going,” said  Vignaud. “To help enterprise teams on their VSM journey, we developed a progressive model that defines maturity from the early stages focused on breaking down silos to full maturity, delineated by data-driven alignment and an established culture of continuous improvement. Our hope is this model will serve as a guide for organizations as they progress along their digital transformation journey.”

 

The post Report: Value stream implementations not leading to the results businesses want appeared first on SD Times.



from SD Times https://ift.tt/UEkmn0G
Labels:

Comments

Post a Comment

Popular posts from this blog

A guide to data integration tools

CData Software is a leader in data access and connectivity solutions. It specializes in the development of data drivers and data access technologies for real-time access to online or on-premise applications, databases and web APIs. The company is focused on bringing data connectivity capabilities natively into tools organizations already use. It also features ETL/ELT solutions, enterprise connectors, and data visualization. Matillion ’s data transformation software empowers customers to extract data from a wide number of sources, load it into their chosen cloud data warehouse (CDW) and transform that data from its siloed source state, into analytics-ready insights – prepared for advanced analytics, machine learning, and artificial intelligence use cases. Only Matillion is purpose-built for Snowflake, Amazon Redshift, Google BigQuery, and Microsoft Azure, enabling businesses to achieve new levels of simplicity, speed, scale, and savings. Trusted by companies of all sizes to meet...
1 comment
Read more

Olive and NTT DATA Join Forces to Accelerate the Global Development and Deployment of AI Solutions

U.S.A., March 14, 2021 — Olive , the automation company creating the Internet of Healthcare, today announced an alliance with NTT DATA , a global digital business and IT services leader. The collaboration will fast track the creation of new healthcare solutions to transform the health experience for humans — both in the traditional healthcare setting and at home. As a member of Olive’s Deploy, Develop and Distribute Partnership Programs , NTT DATA is leveraging Olive’s open platform to innovate, build and distribute solutions to Olive’s customers, which include some of the country’s largest health providers. Olive and NTT DATA will co-develop new Loops — applications that work on Olive’s platform to provide humans real-time intelligence — and new machine learning and robotic process automation (RPA) models. NTT DATA and Olive will devote an early focus to enabling efficiencies in supply chain and IT, with other disciplines to follow. “This is an exciting period of growth at Olive, so...
Post a Comment
Read more

2022: The year of hybrid work

Remote work was once considered a luxury to many, but in 2020, it became a necessity for a large portion of the workforce, as the scary and unknown COVID-19 virus sickened and even took the lives of so many people around the world.  Some workers were able to thrive in a remote setting, while others felt isolated and struggled to keep up a balance between their work and home lives. Last year saw the availability of life-saving vaccines, so companies were able to start having the conversation about what to do next. Should they keep everyone remote? Should they go back to working in the office full time? Or should they do something in between? Enter hybrid work, which offers a mix of the two. A Fall 2021 study conducted by Google revealed that over 75% of survey respondents expect hybrid work to become a standard practice within their organization within the next three years.  Thus, two years after the world abruptly shifted to widespread adoption of remote work, we are dec...
Post a Comment
Read more