The Asset Management industry is experiencing an age of significant digital disruption. In order to innovate, compete, scale and ultimately survive, Asset Managers need to transform their operating models so that they provide the right environment for delivering technology. We are increasingly seeing Asset Managers viewing technology as a source of competitive advantage and as such, being set up to experiment and execute has become a key theme.
Alpha’s Enterprise Agility Framework
There is a lot to get right but how can we design the organisation to improve value delivery? The good news is Asset Managers can make use of organisational structures that are commonplace outside of the Financial Services industry.
It is the long history of humankind (and animal kind, too) that those who learned to collaborate and improvise most effectively have prevailed.Charles Darwin
Tip 1: Transition technology teams from project teams to long-standing product teams
*Note, these teams are sometimes known as Feature Teams, Squads or Tribes.
Outcomes: improved predictability, speed to market and relationship between IT and the business / customer.
Nature does constant value stream mapping, it’s called evolution.Carrie Latet
Tip 2: Define and use the customer and business value streams to inform the product(s) the team owns.
Approach:
- Map the customer and business value streams
- Identify the products and people that support those value streams
- Define the product(s) the teams own
