The drive toward creating better software is sometimes wrapped up in buzzwords like ‘agile’ and ‘digital transformation,’ and energized by newer technologies like artificial intelligence and IoT. But popular jargon aside, building better software today means maximizing agility while minimizing risk. Enter, DevOps.
DevOps isn’t just another methodology. It’s a state of mind, a culture, a philosophy even. It fuses software development and software operations to create something unique – something that’s never been done before. It’s no wonder, then, that Microsoft called it the “future of IT.” But how exactly does DevOps fit into the leasing industry and lease administration products? How does it make your business more innovative? There are many ways – and some of them might surprise you.
DevOps means different things to different people in the tech community, but essentially, it’s a combination of philosophies and tools that let an organization deliver services at high speed. It’s not a “thing” like the internet or the cloud but rather a “union of people, processes and products” that bring value to the end user.
And with it comes improved productivity. At its most fundamental, DevOps facilitates increased communication between your teams. As a result, they work harder and expedite all those day-to-day tasks you need them to complete. In a lease management context, this means advancing the financial, administrative and legal processes that underpin your lease portfolio.
There’s research to back this up. Studies show that companies that incorporate DevOps into to their business models recover from failures 24 times faster, spend 22 percent less time on unplanned work and rework, and spend 50 percent less time sorting out security issues. Moreover, these organizations have a failure rate that’s three times lower than average. Sounds pretty good, right?
Earlier, I mentioned innovation. But how does DevOps achieve this? Simply put, increased productivity brings radical changes to your lease management organization. Team members collaborate on new projects, brainstorm new products and services, and are more likely to take risks. They become happier, more satisfied employees.
“When you have all of the benefits of DevOps plus sound business leadership helping to guide the goals of those efforts, you will have a company that can better innovate,” writes George V. Hulme on DevOps.com. “IT teams will know what is most important to focus on, [and] they’ll know better where to invest their assets and time.”
This has a trickle-down effect on your business. With improved innovation, you can communicate with your customers and clients on a deeper level, handle leases more effectively, and get more from lease management software solutions.
DevOps brings you a slew of technical benefits. Your team can solve problems more quickly and reduce deployment times. Consequently, you can streamline many of your lease management tasks and save money in the process.
DevOps also cuts operational costs through automation. With increased collaboration, communication and innovation, your team can automate workflows, which reduces the number of staff members you need to complete projects. Many organizations have saved money after implementing DevOps. For lease administrators and managers, this practice could prove lucrative.
More and more organizations are incorporating DevOps into their business models. 10% of companies have already fully embraced it, and 15% are considering it for the future. By working with a software partner like Odessa that utilizes this approach, you have a clear path to co-innovation and an accelerated return on your investment. This more modern, agile way of working will help you optimize your leasing operations and future approach to technology.
Are you ready to take the plunge? Introducing a DevOps approach to your lease management business could be the best thing you do this year. Join us at Innovate2018 in Philadelphia to learn more.