(8) High Velocity IT (HVIT) Flashcards
Digital organization
Organization where digital technology enables them to do business significantly differently, or do significantly different business.
High velocity IT
Application of digital technology for significant business enablement, where speed is crucial. It is not restricted to fast development - high velocity is required from innovation through development and operations to actually realizing value.
High velocity IT objectives
- Valuable investments
- Fast development
- Resilient operations
- Value co-creation
- Assured conformance
Digital transformation
The use of digital technology to enable a significant improvement in the realization of an organization’s objectives that could not have been feasibly achieved by nondigital means.
IT transformation
Where business and IT are regarded as separate organizational functions, “IT transformation” can be used to denote major change to improve how IT services are provided.
Digital Products
A product is digital when the consumer experiences digital technology in the goods, resources, or interactions.
Digital technology / Digitization
Technology that digitizes something. Digitization is the process of transforming something from analogue form to digital form, in other words expressed in (binary) digits.
VUCA
A management challenges within the digital product lifecycle. It includes:
- Volatility
- Uncertainty
- Complexity
- Ambiguity
Stages of simplified version of digital product lifecycle
- Explore
- Onboard
- Co-create
- Offboard
- Retired
5 key behaviours for HVIT
- Deal with uncertainty
- Trust and be trusted
- Commit to higher performance
- Help get customers’ jobs done
- Improve by being inquisitive
Ethics
A system of principles which defines what is good for individuals and society.
Safety culture
A climate in which people are comfortable being (and expressing) themselves.
Lean culture
A Lean culture is characterized as a work environment where trust, respect, curiosity, inquiry, playfulness and intensity all co-exist to support learning and discovery.
Toyota Kata
A pattern for scientific thinking and routines for practice and coaching. It includes 4 step improvement process, based on 5 questions.
What are steps of Toyota Kata?
- What are we trying to achieve?
- Where are we now?
- What obstacle is now in our way?
- What’s our next step, and what do we expect?
- When can we see what we’ve learned from taking that step?