What is Waterfall Project Methodology

Big data and digitization are among the most talked about concepts of the last years. Whereas big data has more concrete outcomes, digitization is still seen as far away future. Nowadays, however, the question is no longer how to prepare for the upcoming digitization. The question companies and organizations have to ask themselves is how to adapt to today's digitizing world. A correct translation of this strategy is equally important. It requires a dynamic silver lining, compatible with interactive work clusters and a hybrid organization. Typically, this results in a new way of working and an appropriate approach to power this way of working. The way of working needs to be adapted to the redefined borders between reactivity and proactivity, the need for real-time service, and the need for contextual adaptation. It needs to be designed for agility. To provide value, an organic compromise has to be found that answers the need for creative freedom and the need for a solid structure where guidance, management, and development of human capabilities is possible in a structured way.