Learn how value stream management (VSM) can provide visibility into your processes, help you align them to meet your goals and increase efficiency Broadcom’s VSM Virtual Summit April 24.
GigaOm research report from 2023 he pointed out that VSM plays a key role in ensuring that working quickly and delivering more also delivers a product that really delivers value. The reports highlight value stream techniques that enable value to be seen, mapped to business objectives, and then optimized by eliminating waste and removing barriers to delivery.
“There are more companies that are in the phase of using multiple product lines. And there are more companies that are starting to use it and do POC with it,” explained Laureen Knudsen, Broadcom’s Chief Transformation Officer – AOD. “So we’re seeing the growth curve really start to flatten out and happen in this last year than we did before. It just snowballed and I think the results are what people are starting to pay attention to at this point.”
Value stream management appears to be following the path of both Agile and DevOps, which began as ways to build and deliver software more efficiently, then were adopted and scaled across the organization to achieve efficiency and involve more stakeholders in the process.
“A lot of the noise in the market around value stream management actually has to do with DevOps,” Knudsen said. “And I think that came from SAFe using value stream mapping in their DevOps course. But many people only used it in their DevOps processes. And then they realized, well, that’s not where the process starts. And if I’m talking about a systematic view of how I create products, I have to start at the very beginning of the idea stage and go all the way to ‘How did my customers perceive what I made?’ “
Because agile development is not a prescriptive way to create software, some organizations are all for it, while others may only do Scrum but believe they are agile in their processes.
“Almost everyone today will tell you they are agile, but whether they actually follow the principles of Agile remains to be seen,” Knudsen said. “Many of them still lack data and transparency, which is fundamental to agility. I see companies that took this seriously and really tried to fix all the flaws they had when they introduced DevOps and Agile, and it didn’t go very well. There are a lot of companies that say, ‘Okay, we’ve seen what we’ve done before, but it didn’t work well. And now we really want to put this right.’ And they use this to bring the whole organization together and involve everyone involved in that process of creating a product, whether it’s legal approval of an open source product, or marketing, or an agent who needs to know about what they’re re-creating so they can more fully do their job. job. So it expands to reach everyone and is taken much more seriously.”
This year’s fourth iteration of the VSM Virtual Summit – “Making Waves” – will feature speakers from Boston-based financial firm State Street Corp., transportation company Cox Automotive and energy company Southern Company, who will talk about how efficiency value stream management has helped them and deliver value to your customers.
These speakers, as well as Broadcom experts, will provide examples of real-world findings, both positive and challenging, and how they have overcome these challenges and are solving problems.
Knudsen said value stream management is not the same for organizations. “Everybody has slightly different things that they’ve recently overcome that they end up talking about, but they’re all using the power of that end-to-end or value stream view to optimize their transformations. So that is our focus at the VSM Virtual Summit.”
Sign up for the April 24th event hereand even if you can’t make it, a recording of the event will be available immediately after the summit for on-demand viewing.