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Velocity is an agile planning tool, not a measure of productivity. Its purpose is to help determine which stories will fit into a sprint, and how many sprints remain until a release is ready or the project is done. Velocity is not about team efficiency or effectiveness, and treating it as a metric to continually improve is another Agile Anti-Pattern.
Velocity is the all-in-one project management solution for small businesses and freelancers that covers the entire workflow from requirements engineering to monthly invoicing.
Though there is lot of bias toward increasing velocity every iteration to release more features faster, if there is no attention to quality, the system will soon become fragile—and will not be able to house scope changes in the future. How do we balance these forces?