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UK businesses to waste £37bn this year on failed Agile IT projects

(Image credit: Image source: Shutterstock/violetkaipa)

Businesses in the UK will waste £37 billion on failed Agile IT projects in the next 12 months, according to a new report from 6point6. The report is based on a poll of 300 UK and US CIOs. They were asked about their experiences with Agile, and how its principles are being applied and executed.

More than half of CIOs (53 per cent) see Agile development as “discredited”, and three quarters (75 per cent) don’t even want to defend it any more. Seventy-three per cent of CIOs think Agile IT is its own industry now, and 50 per cent consider it an “IT fad”.

Chris Porter, CTO and co-founder of 6point6 and one of the authors of the report said: “Agile IT in the UK is facing a hidden crisis – 12 per cent of Agile projects are failing completely.  CIOs tell us they expect to undertake six agile projects next year, one in eight of which will fail completely.  Given there are about 6,000 CIOs in the UK and that the average Agile IT projects costs approximately £8 million, that represents a huge amount of waste.  The truth is that, despite the hype, Agile development doesn’t always work in practice.”

6point6 has launched what it calls an Agile Agenda, as it looks to tackle the problem. According to the agenda, CIOs should:

  • Be ready to distribute Agile
  • Be ready to scale Agile
  • Be ready to transition
  • Protect the CIO
  • Bring back planning
  • Bring back IT infrastructure

An Agile Agenda: How CIOs Can Navigate The Post-Agile Era report can be found on this link (opens in new tab).

Image source: Shutterstock/violetkaipa

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.