Business agility is the ability of an organization to respond quickly and effectively to changes in the market, customer needs, and other environmental factors. In today’s fast-paced business world, agility is crucial for staying competitive and relevant. Companies that are agile can pivot quickly and make decisions more effectively than their less agile counterparts. 

The concept of business agility is closely tied to the Agile methodology used in software development. Agile is a set of principles and practices that emphasize collaboration, flexibility, and rapid iteration. Applying the Agile methodology to business as a whole allows companies to break down functional silos and increase cross-functional collaboration, both of which are essential components of business agility.