Digital transformation for large enterprises is a humongous undertaking that can typically span across several years. CIOs at the helm of digital transformation are under immense pressure to rapidly deliver results.
However, despite the allocation of millions of dollars to digital transformation, many organizations are struggling with aligning technology spend with business outcomes. Some organizations are starting to look into a new concept “lean digital transformation” that can help CIO’s accelerate digital transformation.
Lean is a concept that evolved from the manufacturing industry and essentially involves “maximizing customer value while eliminating waste.” Lean helped manufacturers improve quality and speed of product development. In the early 2000s, the concept of “lean startups” was introduced by Eric Reis and Steve Blank on the premise that startups typically have a lot of “waste” in their process for business building and they advocated development of the “Minimal Viable Product (MVP)” to foster rapid validation of the business concept. Lean Startup’s adopt a “Build-Measure-Learn” feedback loop process for iterative customer discovery & product development.
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Source: IT Strategy