How long can modern organizations afford to engage in waterfall releases?
Those who continue to permit long, drawn-out development cycles will doubtless struggle to compete. And this applies not only to the technology sector but to organizations in finance, manufacturing, retail, and beyond.
After all, every company is becoming a software company.
But moving faster – e.g. shipping software changes more frequently – comes with risks. Organizations justifiably fear downtime. According to a 2014 Gartner study, the average cost of downtime is $5,600 per minute. In 2016, Ponemon Institute, a research center, published a paper that raised that number to $9,000 a minute.