Successful MVP approach is a vital part of mature Agile capability, and essential for achieving short- and long-term business value
But it’s easy to get it wrong, says Novarica
Boston, MA (Mar. 16, 2021) – Insurers are adopting a minimum viable product (MVP) approach to speed the delivery of new technology capabilities, but using this approach effectively means changing business practices and expectations. In a new executive brief, Minimum Viable Products (MVP): Driving Maximum Business Value, research and advisory firm Novarica reviews best practices to deliver MVPs that maximize business value.
“The MVP is a powerful construct to increase business value realization and minimize the risks associated with a large release approach,” said Deb Zawisza, Vice President of Research and Consulting, and lead author of Novarica’s new brief. “For insurers, implementing an effective MVP model can help get products to market more quickly, increase adoption of digital engagement, and limit the investment in “nice-to-have” features that don’t yield business value.”
Click here for the table of contents or to access the report.
Report Summary
Insurers are adopting a minimum viable product (MVP) approach to speed the delivery of new technology capabilities, but using this approach effectively means changing business practices and expectations. A successful MVP approach is a vital part of mature Agile capability, but more importantly, it is essential for achieving short- and long-term business value.
This report provides a perspective on best practices to deliver MVPs that maximize business value. CIOs, product owners, scrum masters, and architects all have a vested interest in delivering a winning MVP strategy.
Click here for the table of contents or to access the report.
About Novarica
Novarica helps more than 150 insurers make better decisions about technology projects and strategy. Its research covers trends, best practices, and vendors, leveraging relationships with more than 300 insurer CIO members of its Research Council. Its advisory services provide enterprise phone and email consultations on any topic for a fixed annual fee. Consulting services range from assessments and strategic roadmaps to vendor evaluations. For more information, visit www.novarica.com.
Source: Novarica
Tags: Agile methodology (agility), brief, Novarica
