Agile Methodology: The primary method of software development

In real life, if you’re a software developer or part of an IT company, chances are you’ve encountered the buzzword ‘Agile’ and its pivotal role in business operations. But, have you ever questioned why your organization steadfastly adheres to Agile methodology over any other approach? If curiosity has ever piqued your interest, this article is poised to unravel the mystery. See more about trending software development methodologies here!

The Overall View of Agile Statistics in 2023

Agile Methodology Statistics in 2023

According to recent studies, businesses worldwide have embraced Agile methodology, with a staggering 71% adoption rate. This statistic underscores the diminishing role of traditional methods in the current landscape of business development.

In the realm of IT projects and software development, the Agile Method has not just made inroads; it has virtually conquered the market with an impressive 80% penetration. What’s even more remarkable is the level of satisfaction it garners, with a whopping 98% approval rating. This figure doesn’t come as a surprise, given today’s software development trends demand flexible, frequent interactions among departments and between businesses and their customers. Customers now prefer updates and new features at their convenience, rather than being constrained by predefined collaborative agreements.

One intriguing data point that arises when the Agile Method is applied to software development is the success rate. On average, software development projects using Agile achieve a 64% success rate, with a mere 8% failure rate. In contrast, projects employing traditional methods only manage a 49% success rate. This highlights a startling fact: out of every ten software products built using traditional methods, only five effectively meet customer requirements. This is a significant cause for concern, as it directly impacts a company’s revenue and reputation.

You may like: Nearshore Software Development Benefits and Challenges in 2024

Essential trends in software development

As you may already know, Agile Methodology offers significant benefits to businesses and the software development process. If you’re not familiar with Agile Methodology, you can learn more about its definition via our blog. The advantages it brings are truly remarkable, revolutionizing not only how work is done but also achieving higher productivity. It introduces a high degree of flexibility and interaction among departments and with customers. This enables organizations to deliver clear and customer-driven results.

Moreover, various organizations, across different aspects, have found that the flexibility the Agile Method offers is more effective than traditional methods. The Agile Method is particularly well-suited for businesses with multiple functional departments and diverse operations.

Benefits the Agile Method brings to businesses:

1. The ability to change and adjust to different situations.

Agile’s way of working allows development teams to quickly adapt to changing needs and customer feedback. This flexibility is really important in the fast-moving world of software building.

2. Putting customers at the center of attention and focus.

Agile puts importance on making sure the customers are happy by including them in every step of the development process. This makes sure that the final product meets what the client wants and hopes for, which leads to customers being more happy.

3. Getting things done quickly and effectively.

Agile encourages delivering software in small pieces over a short period. As a result, organizations can expedite the introduction of their products to the market, ensuring they promptly satisfy customer requirements and maintain a competitive edge.

4. Agile teams have the power to make decisions and take action on their own.

The principles of agile help development teams by promoting working together, allowing people to make their own decisions, and taking responsibility for their work. By using this approach, individuals can enhance their creativity, experience increased happiness, and typically produce higher-quality work.

Learn more: Software supporting services and the importance for businesses

5. Risk mitigation

Agile breaks projects into smaller parts to make them easier to handle, which lowers the risk of big software development. Because of this, it is possible to address any challenges or hindrances calmly and still keep the project moving forward.

6. Transparency and Collaboration

Agile methodologies encourage open communication within the team and with stakeholders through practices like daily team meetings and regular showcases. By understanding clearly, it will create trust and understanding within the team and among clients.

7. Quality Assurance

It involves conducting tests, inspections, and analyses to identify any defects or issues that may affect the quality of the product or service. The goal of Quality Assurance is to prevent problems and ensure that customers receive high-quality and reliable products or services. From the beginning, the Agile development process includes and considers quality factors. Regular testing and getting feedback help to create better software that has fewer mistakes. As a result, there is less need to address issues after the software is released.

8. Continuous improvement to make software better.

It is about always looking for ways to improve processes, systems, and products. It involves evaluating what the team is currently doing and finding ways to make it more efficient and effective. Continuous improvement is an ongoing effort to make things better and allow for growth and progress. Agile teams like to always get better. Regular retrospectives help teams look back on their ways of working and make any necessary changes, ensuring that they continue to improve and succeed.

9. International cooperation:

Agile places importance on using digital tools for working together. This helps teams who are far apart collaborate easily, making it easier for people from different parts of the team on different continents to work together.

10. Real-life examples of success.

Several well-known tech companies, like Spotify, Netflix, and Amazon, have achieved impressive success by using Agile methods. Their stories are strong evidence that Agile works well.
In conclusion, Agile Methodology is popular in software development. Because of that, this method is used for modern projects because it can adapt to changes, satisfy customers, work efficiently, empower teams, reduce risks, be transparent, ensure quality, always improve, help global collaboration, and demonstrate success. It is constantly developing and influencing the process of software development, resulting in new ideas and improvements for the industry.

Finding a suitable software development partner? -> How to select a suitable agile software development firm in SEA in 2024

Final Thoughts

In summary, you probably understand why many businesses and software development projects are embracing the Agile Methodology. To fulfill this need, at ITC Group, we are a software development company that fully embraces the Agile Approach to deliver software that not only meets customer criteria but also ensures performance and product quality.
If your business aims to build highly interactive software, save costs, and achieve a faster time to market, don’t hesitate to get in touch with us. Our team of experts is always ready to collaborate with you, helping your business create software that swiftly fulfills all your business requirements.