Before creating a software product or implementing a new feature, we need to test it. The best way to do that is to test ideas using appropriate methods like: PoC, prototype, MVP,… Tech Town has informed you about the difference between prototype and MVP. In this article, we will talk about PoC and MVP.
What is PoC?
PoC . concept
Proof of Concept or PoC is a small project designed to verify an idea is concrete and viable. Usually, enterprises develop PoC for internal testing. Many other sectors use it to test their innovations.
Purpose of PoC
PoC is focused on proving if this functionality can be developed in the real world. It also shows potential obstacles to product development and user adoption. The final PoC blueprint isn’t perfect, but it should demonstrate the viability of a concept before development begins.
PoC answers the questions:
- What problem does the project solve?
- Scope of the project?
- What technologies should be selected?
- Time and budget for the project?
- Feedback from stakeholders?
Startups testing the solution with PoC will help you understand its value to actual users as soon as possible. Whether for a feature or a product, the PoC offers a technology recommendation, budget, and time to develop it. This helps startups plan their business strategy with the chosen function.
What is MVP?
The concept of MVP
Minimum Viable Product (MVP) is the initial version of the product that includes the required core features. This version delivers enough value to get early feedback from customers before startups spend tons of time developing something customers don’t like or need.
Purpose of MVP
An MVP is a product version that potential customers can use. It is not a rough product – lacking features, but rather a form of early description of the startup’s solution and possible future development of more features.
MVP can be marketed. So it is not a prototype to be used only by the development team, but to sell to real customers.
MVPs provide startups with information on how potential customers are accepting your product. Users can try it out, if they like it, they will make the solution popular. Startups can then decide whether to go further with additional features or improve their MVP.
For example, prior to a global product release, a company might launch an MVP for a specific region. When receiving positive feedback from users, the company may expand to other countries. This approach saves money, test ideas and launch quickly.
An MVP has a modular structure. So the development team can easily remove unnecessary elements and other disadvantages in the product. This improves the user journey.
Comparison between PoC and MVP
The difference between PoC and MVP is that they serve different purposes. While PoC provides the theoretical basis for an idea of a particular solution or functionality, MVP implements the features designed at the PoC and prototype stages.
PoC can be thought of as a sketch of an idea, while MVP is the realization of an idea. The PoC outlines the technologies for a solution and explores the possible technical risks and problems of the idea. It analyzes potential market needs. In contrast, the MVP is created to test how the market reacts to the solution.
When to choose PoC?
Startups will feel like skipping this stage to save time, but PoC is really important for product development project. It highlights essential aspects of the idea such as: Can the features be implemented as intended? What is the challenge? What will the revenue be?
Answering the above questions is very important before turning your ideas into reality.
Tech Town advises startups to choose PoC when:
Startups have to check if your solution can work in real life.
Startups often believe that your ideas will change the world for the better and solve the problems of the target audience. Then PoC will help you discover whether that idea can become a reality. If that idea doesn’t seem viable, startups can easily find a solution at the later PoC stages.
Startups want to bring new value
PoC helps you differentiate your solution from those of similar vendors, for example a product like what you want to build has been successful, or as a messaging application that has countless vendors. offered in the market. Therefore, it is best for startups to have a PoC that presents unique functionality and differentiates your product from similar solutions.
Startups want to get funding
Before asking for funding, startups need to prove to potential investors that investing in your project is worth it. PoC can include describing the core meaning of the project and explaining that the idea is practical and profitable. All these will help you convince investors to contribute to the project.
Startups need a risk assessment
When startups discover a feature or solution, the PoC will pinpoint the potential risks and obstacles. This is essential for large projects with high investment capital. PoC ensures you don’t go over budget and time, and also makes sure the features work well.
When to choose MVP?
Once you have demonstrated your product concept and sketched the preliminary design in the PoC. Now, startups have been able to develop the functionality of their solution in the form of MVPs.
MVP allows startups to release their products as soon as possible with only core features. Your solutions are not very functional, but they are enough to sell products in the market. Thereby, startups can establish relationships with potential users early. If they like your MVP, continuing to grow it is well worth the effort.
Choose MVP when:
Startups want to minimize and optimize costs.
An MVP includes minimal critical features, so the development team will spend less time developing projects for startups. This saves resources and costs required for software product development.
Startups want to get feedback from early adopters
MVP proposes core value to users. The launch of an MVP shows whether the startup’s product meets the specific needs of users. Their feedback allows you to test your assumptions. Startups can then decide whether to iterate on features or perfect their product.
Startups want to find out what’s right for the target market
MVP requires little effort and features to enter the market. Startups don’t need to develop a complete solution for potential users, but it should contain all the essentials. Users can give feedback about the product they have experienced. Knowing the market’s reaction, startups can improvise in their products.
When coming up with an idea, startups need to experiment with it spontaneously. This is how PoC and MVP can help you. Both approaches allow you to test your theory and get early feedback. The difference between PoC and MVP is the same as the draft and the done project.
With PoC, startups can test the feasibility of their ideas. Whereas building an MVP is about creating a ready-to-market solution that gives you early feedback from early adopters.
Both phases are essential to building a product that fits the needs of the market and can scale flexibly in the future.
Hope the information Tech Town brings will be useful to you.
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