Despite conservatism and a general aversion to risk, big money center banks are starting to adopt agile techniques to their software development efforts. The American Banker, a daily trade newspaper and website covering the financial services industry, has identified two of the leaders as JP Morgan Chase, the largest bank in the US by assets and BBVA Compass, the second largest bank in Spain. Why banks that enormous would embrace agile is an interesting story.
First of all, I hope you all had a great summer.
As most of you have already known, we moved to a faster release schedule back in 2016, wherein we have been managing to deliver new features to all of our users on a bi-weekly basis thanks to keeping on agile practices. That being said, you might have noticed that this time the sprint for the new Bitbar Testing update is longer than usual. Why? Because we have exciting news to announce and it will bring great benefits to everyone down the line.
One of our customers used to do agile development, with typical 2 week sprints, and then combined that with 4 weeks manual testing cycles. So, they ended up doing 2 additional development sprints before developers got feedback from the manual testing on the 1st development sprint! That was huge waste of resources, and ended up in a mess and missed and delayed deadlines. The solution was to go really agile, do continuous integration, continuous testing and automate the testing on real end user devices, all the time during development.
The most successful companies do their mobile apps in agile and use fully integrated development and testing processes. The most successful companies also track their performance carefully. To achieve higher efficiency and lower costs, you need to understand impact of various parameters to your top line and bottom line.