JULIUS BAER
Eventually , it becomes time for the business to decide whether or not to move forward with a wider implementation of the solution , marking the end of the “ proof-ofconcept ” phase .
Validation is of vital importance Once Jon ’ s team emerges from proof of concept , they are looking to validate the solution within the organisation – but they start relatively small . They enter prescale production rather than full enterprise production and begin by validating the product on 18 % of the total user base – so if it ’ s going to be rolled out to 1,000 users eventually , Jon and his team will start by testing it on 180 users . This way , “ it ’ s a lot easier for us to cross that chasm when we come to it ,” Chan tells us .
“ WE WANT TO VALIDATE ANY PROBLEM STATEMENT BEFORE WE WRITE A SINGLE LINE OF CODE , BECAUSE THE MOMENT WE START WRITING CODE THE COST OF CHANGE GOES UP ”
JONATHAN CHAN HEAD , GLOBAL INNOVATION , JULIUS BAER fintechmagazine . com 171