{"id":18251,"date":"2023-02-17T13:05:34","date_gmt":"2023-02-17T13:05:34","guid":{"rendered":"https:\/\/www.finoit.com\/?p=18251"},"modified":"2023-09-05T04:40:09","modified_gmt":"2023-09-05T04:40:09","slug":"benefits-of-agile-software-development-model","status":"publish","type":"post","link":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/","title":{"rendered":"The Importance and Benefits of Agile Software Development Model"},"content":{"rendered":"<p><em>Companies that use the agile software development model are confident that they are releasing a high-quality product because testing is done throughout development. This allows you to make necessary changes and alert teams to potential problems. In this post, we will look at the agile software development process model from the series of <\/em><em>top software development models\u00a0<\/em><em>to better understand what it is and where to apply it.<\/em><\/p>\n<p>Agile is a project management approach that emphasizes collaboration, flexibility and delivering working software incrementally. It&#8217;s like a game of Jenga &#8211; you start with a foundation, and then add pieces one by one until you have a solid tower. Unlike other methodologies that focus on following a strict plan, Agile is all about adapting to changes and delivering software in small, incremental releases.<\/p>\n<p>According to a study by the Standish Group, Agile projects have a success rate of 39%, compared to the 11% success rate of traditional Waterfall projects.<\/p>\n<p>The State of Agile Culture Report suggests that establishing a robust agile culture can lead to a significant boost in commercial performance, amounting to a 237% increase. For example, companies like Spotify have credited their success to Agile development, where they were able to release new features faster, improve communication and collaboration, and stay ahead of their competition.<s> <\/s><\/p>\n<p>Let&#8217;s start with what we understand about the agile development model in software engineering.<\/p>\n<h2>What is Agile Software Development Model?<\/h2>\n<p>Agile means quick or adaptable. An &#8220;agile process model&#8221; refers to an iterative <a href=\"https:\/\/www.finoit.com\/blog\/software-development-life-cycle\/\" target=\"_blank\" rel=\"noopener\">SDLC (software development lifecycle)<\/a> approach. Agile methodologies break projects into smaller iterations or sections and avoid long-term planning.<\/p>\n<p>The project&#8217;s scope and requirements are defined at the beginning of the development phase. Each iteration&#8217;s number, duration, and scope are predetermined.<\/p>\n<p>In other words, agile <a href=\"https:\/\/www.finoit.com\/articles\/software-development-models\/\" target=\"_blank\" rel=\"noopener\">SDLC methodology<\/a> is a practice that encourages continuous development and testing iteration. It is one of the most basic yet effective software development approaches. Instead of launching a large project, we deliver work in small but flexible increments. Requirements, plans, outcomes, and everything else are constantly evaluated to respond to a change.<\/p>\n<h2>Use Cases of Agile Software Development<\/h2>\n<p>Iterative development, intensive communication, and early customer feedback are at the heart of agile. Each agile iteration typically lasts several weeks and results in a functional software version. This model places a greater emphasis on quickly delivering a functional part of the application.<\/p>\n<h3>Use cases:<\/h3>\n<ul class=\"bullet-list\">\n<li>Almost any startup initiative that requires early feedback from end users.<\/li>\n<li>The majority of mid-sized custom software development projects in which business requirements cannot be confidently translated to detailed software requirements.<\/li>\n<li>Large projects easily divided into small functional parts can be developed incrementally over time.<\/li>\n<li>It is used when frequent changes must be made.<\/li>\n<li>Projects with few regulations<\/li>\n<li>Projects with a loosely defined existing process<\/li>\n<li>Projects where the product owner is readily available<\/li>\n<li>Projects with a flexible schedule, and budget<\/li>\n<\/ul>\n<p>Agile model in software engineering emphasizes teamwork and close collaboration with customers. At the end of each iteration, stakeholders evaluate the development progress and re-prioritize tasks for the next iteration to increase the return on investment (ROI) and ensure alignment with user needs and business goals.<\/p>\n<p>As a result, frequent releases are a hallmark of agile models. They also enable continuous software improvement through simple fixes and changes, rapid updates, and feature addition, resulting in better applications that meet users&#8217; needs. However, due to a lack of detailed planning and openness to changes, it is difficult to accurately estimate the project&#8217;s budget, time, and personnel requirements.<\/p>\n<h2>Why Should You Use Agile Methodology?<\/h2>\n<p>Agile methodology is advantageous for project execution efficiency. It comprises iterative short-term deadlines known as &#8220;Sprints,&#8221; which display the project&#8217;s work and progress status. The success of software development improves sprints and team communication significantly.<\/p>\n<p>To further demonstrate why software development life cycle agile model is ideal today, consider the following reasons:<\/p>\n<p>Agile methodology has been making waves in the business world for years now, and it\u2019s not hard to see why. This iterative approach to project management offers numerous benefits that traditional methodologies can\u2019t match. Here are four reasons why you should consider adopting Agile:<\/p>\n<h3>1. Faster Delivery<\/h3>\n<p>Agile allows you to break projects down into smaller chunks that can be completed more quickly. This means you can get working products to market faster than your competitors. According to a survey by VersionOne, 87% of respondents cited faster time-to-market as a top benefit of using Agile.<\/p>\n<h3>2. Improved Quality<\/h3>\n<p>By constantly testing and iterating on your product, you can catch issues early on, which leads to higher-quality software. In fact, a study by Capgemini found that Agile projects have 75% fewer defects than traditional projects.<\/p>\n<h3>3. Increased Collaboration<\/h3>\n<p>Agile promotes teamwork and communication, leading to better collaboration among team members. This can result in a more cohesive team that produces better work. A survey by Wrike found that 50% of respondents believe that Agile improves team collaboration.<\/p>\n<h3>4. Flexibility<\/h3>\n<p>Agile is designed to be flexible and adaptable, which means you can adjust your plans and priorities as needed. This allows you to respond quickly to changes in the market or in your business needs. A case study by Salesforce found that using Agile led to a 60% reduction in project delivery time.<\/p>\n<h2>What are the Benefits of an Agile Software Development Model?<\/h2>\n<h3>1. Benefits to PMOs and C-Level Executives<\/h3>\n<p>Agile model provides daily visibility into the state of a development project. External stakeholders, such as C-Level executives and personnel in the Project Management Office, can use this visibility to plan more effectively and adjust their strategies based on more complex information and less speculation.<\/p>\n<h3>2. Benefits to Product Managers<\/h3>\n<p>Planning and tracking are more accessible and concrete for project managers (and others) than other models. The emphasis on task-level tracking and the daily agile meetings provide the Project Manager with a constant awareness of the project&#8217;s status. This awareness is critical for monitoring the project and identifying and addressing problems as they arise.<\/p>\n<h3>3. Benefits to Development Teams<\/h3>\n<p>Team members enjoy development work and appreciate seeing their efforts put to use. They benefit from the agile development model in software engineering by reducing non-productive work (e.g., writing specifications or other artifacts that no one uses) and giving them more time to do work they enjoy. Team members also know their work is valued because requirements are chosen to maximize customer value.<\/p>\n<h3>4. Benefits to Customer<\/h3>\n<p>Customers find the vendor more responsive to development requests. Shorter cycles favor developing and delivering high-value features over longer ones favored by traditional models.<\/p>\n<h3>5. Benefits to Vendors<\/h3>\n<p>Vendors reduce waste by concentrating development efforts on high-value features and shortening time-to-market compared to waterfall processes due to lower overhead and increased efficiency. Improved customer satisfaction leads to higher customer retention and positive customer referrals.<\/p>\n<h2>Final thoughts<\/h2>\n<p>Agile software development is crucial for businesses and startups because it allows for quick and efficient delivery of high-quality software products. According to a report by VersionOne, 97% of organizations surveyed have adopted Agile practices, and 83% reported improved team productivity as a result.<\/p>\n<p>As software development becomes increasingly important to business success, adopting Agile practices is no longer a luxury but a necessity.<\/p>\n<p>In the words of Steve Denning, &#8220;Agile is not a fad, but a revolution. It is now the best way to deal with an ever-changing, uncertain, and turbulent world.&#8221; So, if you want to stay ahead of the game, it&#8217;s time to embrace Agile development.<\/p>\n<p><a href=\"https:\/\/www.finoit.com\/contact-us\/\" target=\"_blank\" rel=\"noopener\">Consider consulting with our development experts<\/a> to determine whether this model is the best for you to implement.<\/p>\n<h2>FAQs<\/h2>\n<h3>1. What is Agile?<\/h3>\n<p>Agile is different from traditional project management or product development approach. It is a value-based, iterative approach in which requirements and solutions evolve collaboratively through the efforts of self-organizing cross-functional teams.<\/p>\n<h3>2. How does being Agile benefit organizations?<\/h3>\n<p>One advantage of agile is that it reduces production time to market by delivering product increments regularly. Customers and users are engaged throughout the delivery cycle to review the product increment and provide feedback regularly.<\/p>\n<h3>3. Is Agile appropriate for all types of projects?<\/h3>\n<p>Certainly not. Plan-driven project management methodologies (such as the waterfall method) may provide a higher likelihood of project success depending on the nature of the project and the product in question.<\/p>\n<h3>4. What are the common challenges to adopting Agile?<\/h3>\n<p>According to various data, the top most common challenges to a successful Agile implementation in organizations are mostly related to all or some of the following:<\/p>\n<ul class=\"bullet-list\">\n<li>The company philosophy contradicts the core agile values.<\/li>\n<li>Inadequate knowledge of agile methods<\/li>\n<li>A lack of management backing<\/li>\n<li>Transformation of the Development Culture<\/li>\n<li>Inconsistency in practices<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Companies that use the agile software development model are confident that they are releasing a high-quality product because testing is done throughout development. This allows you to make necessary changes and alert teams to potential problems. In this post, we will look at the agile software development process model from the series of top software &hellip; <a href=\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">The Importance and Benefits of Agile Software Development Model<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":14,"featured_media":18258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.11 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Benefits of Agile Software Development Model - Finoit Technologies<\/title>\n<meta name=\"description\" content=\"The ultimate value in agile software development model is that it enables teams to deliver value faster, with quality, and aptitude to respond to change.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Importance and Benefits of Agile Software Development Model\" \/>\n<meta property=\"og:description\" content=\"The ultimate value in agile software development model is that it enables teams to deliver value faster, with quality, and aptitude to respond to change.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\" \/>\n<meta property=\"og:site_name\" content=\"Finoit Technologies\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T13:05:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-05T04:40:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.finoit.com\/wp-content\/uploads\/2023\/02\/agile-software-development-model.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhupendra Choudhary\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhupendra Choudhary\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\"},\"author\":{\"name\":\"Bhupendra Choudhary\",\"@id\":\"https:\/\/www.finoit.com\/#\/schema\/person\/b522edc5313936aa5af1e52380f23e27\"},\"headline\":\"The Importance and Benefits of Agile Software Development Model\",\"datePublished\":\"2023-02-17T13:05:34+00:00\",\"dateModified\":\"2023-09-05T04:40:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\"},\"wordCount\":1426,\"publisher\":{\"@id\":\"https:\/\/www.finoit.com\/#organization\"},\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\",\"url\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\",\"name\":\"Benefits of Agile Software Development Model - Finoit Technologies\",\"isPartOf\":{\"@id\":\"https:\/\/www.finoit.com\/#website\"},\"datePublished\":\"2023-02-17T13:05:34+00:00\",\"dateModified\":\"2023-09-05T04:40:09+00:00\",\"description\":\"The ultimate value in agile software development model is that it enables teams to deliver value faster, with quality, and aptitude to respond to change.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.finoit.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Importance and Benefits of Agile Software Development Model\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finoit.com\/#website\",\"url\":\"https:\/\/www.finoit.com\/\",\"name\":\"Finoit Technologies\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finoit.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finoit.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finoit.com\/#organization\",\"name\":\"Finoit Technologies\",\"url\":\"https:\/\/www.finoit.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finoit.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finoit.com\/wp-content\/uploads\/2019\/08\/finoit.png\",\"contentUrl\":\"https:\/\/www.finoit.com\/wp-content\/uploads\/2019\/08\/finoit.png\",\"width\":146,\"height\":55,\"caption\":\"Finoit Technologies\"},\"image\":{\"@id\":\"https:\/\/www.finoit.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finoit.com\/#\/schema\/person\/b522edc5313936aa5af1e52380f23e27\",\"name\":\"Bhupendra Choudhary\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finoit.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.finoit.com\/wp-content\/uploads\/2023\/03\/bhupendera-96x96.png\",\"contentUrl\":\"https:\/\/www.finoit.com\/wp-content\/uploads\/2023\/03\/bhupendera-96x96.png\",\"caption\":\"Bhupendra Choudhary\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Benefits of Agile Software Development Model - Finoit Technologies","description":"The ultimate value in agile software development model is that it enables teams to deliver value faster, with quality, and aptitude to respond to change.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/","og_locale":"en_US","og_type":"article","og_title":"The Importance and Benefits of Agile Software Development Model","og_description":"The ultimate value in agile software development model is that it enables teams to deliver value faster, with quality, and aptitude to respond to change.","og_url":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/","og_site_name":"Finoit Technologies","article_published_time":"2023-02-17T13:05:34+00:00","article_modified_time":"2023-09-05T04:40:09+00:00","og_image":[{"width":960,"height":640,"url":"https:\/\/www.finoit.com\/wp-content\/uploads\/2023\/02\/agile-software-development-model.jpg","type":"image\/jpeg"}],"author":"Bhupendra Choudhary","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhupendra Choudhary","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/#article","isPartOf":{"@id":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/"},"author":{"name":"Bhupendra Choudhary","@id":"https:\/\/www.finoit.com\/#\/schema\/person\/b522edc5313936aa5af1e52380f23e27"},"headline":"The Importance and Benefits of Agile Software Development Model","datePublished":"2023-02-17T13:05:34+00:00","dateModified":"2023-09-05T04:40:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/"},"wordCount":1426,"publisher":{"@id":"https:\/\/www.finoit.com\/#organization"},"articleSection":["Articles"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/","url":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/","name":"Benefits of Agile Software Development Model - Finoit Technologies","isPartOf":{"@id":"https:\/\/www.finoit.com\/#website"},"datePublished":"2023-02-17T13:05:34+00:00","dateModified":"2023-09-05T04:40:09+00:00","description":"The ultimate value in agile software development model is that it enables teams to deliver value faster, with quality, and aptitude to respond to change.","breadcrumb":{"@id":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.finoit.com\/articles\/benefits-of-agile-software-development-model\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.finoit.com\/"},{"@type":"ListItem","position":2,"name":"The Importance and Benefits of Agile Software Development Model"}]},{"@type":"WebSite","@id":"https:\/\/www.finoit.com\/#website","url":"https:\/\/www.finoit.com\/","name":"Finoit Technologies","description":"","publisher":{"@id":"https:\/\/www.finoit.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finoit.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.finoit.com\/#organization","name":"Finoit Technologies","url":"https:\/\/www.finoit.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finoit.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.finoit.com\/wp-content\/uploads\/2019\/08\/finoit.png","contentUrl":"https:\/\/www.finoit.com\/wp-content\/uploads\/2019\/08\/finoit.png","width":146,"height":55,"caption":"Finoit Technologies"},"image":{"@id":"https:\/\/www.finoit.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.finoit.com\/#\/schema\/person\/b522edc5313936aa5af1e52380f23e27","name":"Bhupendra Choudhary","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finoit.com\/#\/schema\/person\/image\/","url":"https:\/\/www.finoit.com\/wp-content\/uploads\/2023\/03\/bhupendera-96x96.png","contentUrl":"https:\/\/www.finoit.com\/wp-content\/uploads\/2023\/03\/bhupendera-96x96.png","caption":"Bhupendra Choudhary"}}]}},"_links":{"self":[{"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/posts\/18251"}],"collection":[{"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/comments?post=18251"}],"version-history":[{"count":5,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/posts\/18251\/revisions"}],"predecessor-version":[{"id":19481,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/posts\/18251\/revisions\/19481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/media\/18258"}],"wp:attachment":[{"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/media?parent=18251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/categories?post=18251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finoit.com\/wp-json\/wp\/v2\/tags?post=18251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}