If you\u2019re looking to accelerate your organization\u2019s digital transformation, the good news is that there are some proven principles you can apply. By employing Value Stream Management (VSM), some top enterprises are now better positioned to speed their transformation\u2014and seeing multimillion-dollar savings as well.\n\nIf you\u2019re not familiar with this concept, the basic premise is this: Through VSM, executives gain the visibility to align teams, workflows, and investments around one key aspect: customer value. In the process, they can break down the silos that stifle digital transformation. Following are a couple of real-world examples of what this means for leading enterprises.\n\nHere are some highlights from a new Harvard Business Review Analytic Services Report, sponsored by Broadcom.\n\nThe Boeing Company\n\nOne of the world\u2019s largest aerospace companies, The Boeing Company has been employing VSM for several years now. Through VSM, they optimized resource utilization and reduced waste.\n\n\u201cWe always thought we were doing a good job of producing value until we started to work through this,\u201d explained Lynda Van Vleet, Boeing\u2019s portfolio management systems product manager. \u201cIn our first two years, we saved hundreds of millions of dollars. But that wasn\u2019t our goal. I think a lot of organizations look at this as a way of saving money because you usually do, but if you start out looking at it as a way of creating value, that just comes along with it.\u201d\n\nThe organization changed legacy approaches to product management and project investment. This enabled them to speed up their ability to innovate and pursue digital transformation. They created cross-functional teams that empowered employees to spend more time and effort on delivering customer value.\n\nBy establishing cross-team visibility, leaders were able to spot redundancies. For example, they saw how different IT organizations had their own analytics teams. \u201cWe had people in every organization doing the same thing,\u201d explained Van Vleet. Boeing\u2019s executives established a single analytics team to realign the work more efficiently and improve consistency.\n\nVerizon\n\nA multinational telecommunications company, Verizon offers another example of the power of VSM. Through their VSM implementation, they also gained advantages that translated to multimillion-dollar cost savings.\n\nAs Jason Newman, senior manager, systems engineering, Connected Solutions Group strategy and operations at Verizon, revealed to HBR, \u201cWe had some siloed organizations, and everything worked great within the silo, but as the company introduced products that crossed boundaries\u2014the method of everyone focused on their own space wasn\u2019t cutting it.\u201d\n\nBy implementing VSM, the team has been able to foster the free flow of information across teams and gain dramatically improved visibility into value streams. Leaders have acquired deep information that has fueled more accurate, data-driven decisions about governance and staffing. \n\nVSM equips executives with the information needed to understand the impact of strategy shifts, including who is affected and which strategic goals might be jeopardized. Now, when executives are contemplating strategic changes, VSM gives them the information to quickly understand \u201cwho is impacted and which strategic goals might be jeopardized,\u201d Newman stated. \u201cJust the efficiencies gained from governing and staffing were multimillion-dollar cost savings.\u201d\n\nConclusion\n\nBy employing VSM theories and tools, teams around the world are realizing massive benefits. To learn more about how some top enterprises have made VSM work in practice, be sure to read the briefing paper from Harvard Business Review Analytic Services, \u201cUsing Value Stream Management to Speed Digital Transformation and Eliminate the Silos.\u201d Sponsored by Broadcom, this report features the insights of industry analysts and expert VSM practitioners, who share some of the key lessons drawn from successful VSM initiatives. You can also visit ValueOps by Broadcom to learn more about the benefits and how to get started with VSM.\n\n_________________\n\nExplore ValueOps Value Stream Management, built to manage what you value most.