Announcing Our Latest Product Release: Enhancing Efficiency and Predictive Power with GenAI and More

We are excited to announce the latest release of HCL Velocity 2024.06 (5.0.6), featuring cutting-edge advancements designed to streamline your development process and maximize your delivered business value through software systems. Our new features leverage GenAI to provide a comprehensive and professionally written summary of all development requirements within a release showcasing the business value they deliver.

Follow-Up Feature: Risk Estimator 2.0 Release

As part of our commitment to continuous improvement, we have upgraded our Risk Estimator feature. The Risk Estimator 2.0 is a significant enhancement from our December '23 release, adding support for scaled agile task types, Monte Carlo simulation, and more clarity in explaining the calculated risk to your project. This advanced tool analyzes all the requirement types being worked on by the development team and predicts the likelihood of completing your work on-time and on-scope. This predictive capability using Monte Carlo simulation helps teams manage expectations, allocate resources more effectively, and mitigate potential delays, ensuring smoother project execution.

System Observability 

In our ongoing efforts to improve the supportability of our product, we have implemented architectural improvements that enable users to send telemetry data directly to our support team. This is a crucial step forward in supporting a complex, highly scalable system allowing for proactive identification of issues and faster resolution times. With better visibility into system performance and behavior, support teams can provide more timely and effective assistance.

Value Stream Management Improvements

We heard you! We understand the importance of accurate and actionable insights into your development pipeline. This release includes fixes and enhancements to the Value Stream View, particularly in the calculation of Key Performance Indicators (KPIs). These improvements ensure that you have a clear and precise understanding of your value stream, enabling better decision-making and more effective management of development efforts.

Architecture and Installation Simplification

One of the key changes in this release is the overhaul of our scheduler and event management system. The new Event Scheduler eliminates the need for administrator privileges during installation, simplifying the setup process and making it more accessible for users. This change enhances security and usability, allowing teams to deploy and manage their integration schedules with greater ease and confidence.

Why These Updates Matter

Each of these updates has been carefully crafted to deliver tangible business value:

• GenAI Summaries: By providing clear and concise summaries of development requirements, stakeholders can quickly understand the scope and impact of each release, leading to better alignment and more informed decision-making.
• Risk Estimator 2.0: Predictive insights help manage project risks and ensure timely delivery, boosting team productivity and project success rates.
• Observability: Improved supportability translates to faster issue resolution and reduced downtime, enhancing overall user experience.
• Value Stream Management: Accurate KPI calculations and an improved value stream view enable more effective management of development processes, driving continuous improvement.
• Argo Scheduler Replacement: Easier installation and enhanced security streamline operations, allowing teams to focus on delivering value.

We are confident that these new features and improvements will significantly enhance your development workflow and deliver substantial business value. We are committed to supporting your success with continuous innovation and excellence.

Head to our website to learn more about HCL DevOps Velocity, our value stream management platform.