- reconciling hardware and software’s very different development methods
- handling a dramatic acceleration in product lifecycle under increasingly strained resources
- empowering every stakeholder to work digitally through company-wide, inclusive digitalization strategy
- minimize waste and achieve faster time to market with more efficient financial and human resources
- balance optimism and realism when it comes to decision-making around project selection
- ensure executive strategic oversight via data consolidation and visibility
Get a Sneak Peek into the PPM for Industrial Product Development eBook
Historically, industrial companies have developed and honed a clear, signposted production process involving assembly lines and a linear, fixed series of tasks intended to give way to a predetermined product. No room for surprise.
Now, with the rise of the Internet of Things and other connectivity solutions, digital innovation is putting software at the heart of every industrial product, from complex systems to mundane household appliances. While this opens fantastic opportunities for diversification and innovation, this also compels industrial makers to switch to a bimodal environment.
Indeed, software is not developed like hardware; rather, it follows its own specific process. In fact, the inadequacy of applying traditional industrial methods to software development first gained public profile back in 2001. At that time, a group of software developers acknowledged that rapid changes in software user expectations and the technology landscape introduced a degree of uncertainty that wasn’t well addressed by the “Waterfall” product development process.
So they came up with an alternative methodology: Agile.