Digital transformation had helped various businesses to survive the economic damage during the pandemic and significantly becoming an important requirement in accelerating business growth. Digital transformation, however, means more than adopting different digital technologies on business strategies for business sustainability and growth. Implicitly, it also means changing a company regardless of its industry into a software company. Hence, while every enterprise leaders clearly understood the need to implement digital transformation in their business, they should also be well aware of one implication of digital transformation. Digital transformation is a not a destination, it is a journey. Without the right management of digital transformation, it will turn into another hindrance in business growth. In other words, digital transformation needs ongoing management practice for it to be successful. Here is where value stream management (VSM) plays it role. What is Value Stream Management?
Value Stream and Value Stream Management
In order to be able to answer ‘What is Value Stream Management?’, let’s first understand value stream. Value streams in software delivery, refer to every actions that take place in the software delivery lifecycle (SDLC) beginning from the initial concept to steps in the production to increase value according to customers need.
Hence, Value Stream Management or in short VSM is a business practice through managing and monitoring that helps identifies the value of software development and delivery efforts and resources.
Why Value Stream Management?
VSM involves managing and monitoring of software delivery life cycle (SDLC) from end-to-end as business management practice that helps in enhancing flow of value to the organisation. With VSM, the software development teams in the organisation are able to shift their focus on crucial matters that can give value in delivering better software or applications to the customers.
E-SPIN Group in the enterprise ICT solutions supply, consulting, project management, training and maintenance for multinational corporations and government agencies across the region E-SPIN do business. Feel free to contact E-SPIN for your enterprise digital transformation initiative, project requirement and inquiry.