Shifting from traditional to Agile ALM for Financial Service Organisations
Financial services companies are under tremendous pressure to restructure their teams and procedures in order to respond to accelerating business conditions and to release quicker applications and services. Faster release times require the developers, QA analysts and performance engineers to work continuously. In addition, across various programmes, they fail to provide access and insight into the work of distributed teams.
Throughout the process of Application development lifecycle, deployment of code and data manually is a costly and time-consuming process. It is also subjected to errors. As per recent analysis, 50% of the distribution initiative was made up to pushing code through implementation environments to Quality assurance, then pre-production before going live. Managing the interconnected infrastructure of virtual, physical and cloud environment is a monotonous process and requires hard-work. But by bringing Application Lifecycle Management (ALM) and Agile together and with the help of the appropriate tools designing and development of software has become much convenient and efficient.
With the help of a robust Agile Application Lifecycle Management solutions (ALM Solutions) , financial firms can avail benefits that will increase efficiency of the team, help in minimising the costs and time to market and increase the return on investment (ROI). Further, Agile ALM provides an instant access to the information the teams and stakeholders need anytime and at any point of time. Further, they gain real-time visibility and engagement in the process lifecycle which ensures that the customer and business agenda are meet. It also ensures that the team is aligned and working in close coordination with each other.
Agile ALM software offers 'continuous delivery' strategy that protects the software assets, and benefits the team from increased reuse, greater requirement management, end-to-end traceability, hassle-free coding and improved test performance. Agile ALM also free enterprises from the systems and instruments with heavy weight that keep them from producing usable and improved applications. Improved software enables a new way to engage and improve customer loyalty while being able to constantly evolve as per the customer feedback and company strategies. For the same rate, clients can streamline software releases, speed up rollout and improve the time of delivery as the same price.
Organisations trying to develop Agile ALM would first need to make their tea, familiar with Agile Methodologies and then hunt for the best tool. The process selecting the right tool must be in alignment with the Requirements and objective of the organisation. It is also easier to decide which specifications are already incorporated in which artefacts and which flaws can be tracked down to individual artefacts with appropriate and reliable tooling. Therefore, all agile activities should be natively assisted by proper ALM tools and should strive toward team-based usability and coordination. An appropriate Agile ALM tool establishes effective communication among all the channels and have integrate the complete lifecycle from requirements, testing, defects, planning, resources to development and deployment into a single source of truth to support any QA and DevOps initiatives.
An enterprise can implement Application Lifecycle Management software into the Agile Framework with the help of appropriate tools. It can also be used for all sorts of process models and methodologies, such as waterfall or spiral models, even conventional ones. Agile ALM promotes creativity and companies achieve strategic advantage, reducing costs and improving organisational performance by transforming their systems.
To know more about implementing Agile ALM in our business operations visit here: https://www.mgtechsoft.com/platforms/atlassian/
