Big Companies Can Also Become Agile

The agile methodology can be adapted for large-scale businesses with the help of a set of techniques that enable scaling the methodology.

These include developing a minimum viable product (MVP), putting together a single product backlog, and building a collaborative culture.

In addition to these techniques, adopting the Scrum process is also part of the implementation of Agile, using the three fundamental frameworks that enable the Scrum: Scaled Agile Framework, Disciplined Agile Delivery, and the Large Scale Scrum.

 

Design Labs are All the Rage in India

Corporate organizations in India are getting increasingly aware of the benefits of design thinking and are nothing less of racing to set up and utilize design labs.

Following in the footsteps of Microsoft, BNY Mellon and other design lab pioneers, large businesses such as Axis Bank, team up with startups to offer their customers both better core products and additional stuff, such as fitness wearables.

Design thinking, according to a report on the topic, helps big businesses not just develop innovative products but also improves workflow, so it benefits corporates to start thinking in a more lean, startup way.

 

China Incubator Looks for the Next Big Star in Food, Beverages

The Hatchery is what a major new business incubator based in Beijing is called. The project aims to both enable new concepts in the food and beverage area and help set up new successful businesses.

As one of its founders explains, the incubator’s aim is to go around the difficulties that startups in the food industry often experience, since lean thinking is difficult to apply due to high upfront costs.

The Hatchery has developed a five-stage HatchTrack system that, along with funding, enables food startups to set up and develop into a profitable business.

 

Talent Shortage is Insurtech’s 2017 Challenge

A report by KPMG has revealed the growing prominence of the insurtech segment in the fintech industry, with the number of insurtech companies on KPMG’s Top 100 Fintech companies doubling from last year.

Going forward, the biggest challenge for insurtech players would be attracting talent, especially in the UK, thanks to the uncertainty surrounding the future of the country after Brexit.

Still, according to KPMG’s head of Insurance Technology and author of the report, Murray Raisbeck, traditional insurance companies will bleed senior staff who would be willing to move into the more exciting field of insurtech.

 

Agile Spurs Advancements in Testing

The Agile methodology has spurred the faster development of testing suites and solutions, with testing in production expanding beyond just product development.

These developments will see tech players focus more on the load of tests, the alternative solutions to be tested, and on the kinds of tests to be used.

What’s more, Agile’s effects are not limited to IT, so a growing number of businesses will need to get used to the digital channel, regardless of their subject area, and, consequently, to the idea of software as a business – a business where every new solution needs testing.

 

Insurtech, Real Estate to Drive Fintech Growth in 2017

Successful startups in insurtech and real estate will be the drivers of growth for the wider fintech industry, according to a Fast Company review.

Companies such as Metromile – a provider of auto insurance solutions – and mobile investment management firm Stash will spearhead the industry’s development, along with players such as real estate investment joint Cadre, peer-to-peer payment provider Tilt, and banking services provider Cross River Bank.

According to Fast Company, insurtech players deserve special attention next year, as they are capable of offering customized risk management solutions.