Whether yours is a small or medium sized business (SME) or a large enterprise, your IT team is probably always overstretched. With ongoing maintenance and support, and small and large one-time projects, upgrades, and fixes, it is difficult (if not impossible) to take on other types of projects – projects that may drive the enterprise forward.
If you do it right, the Minimum Viable Product (MVP) process can provide numerous benefits to your start-up, Small or Medium business (SME) or other enterprise. Businesses can obtain feedback for product development and test theories of market success. MVP product development can help the business avoid developing a product that the market does not want or need, and it can help you identify competitive advantage and customer needs.
In this article, we will briefly review the steps to build a Minimum Viable Product (MVP) for software or application development. For a detailed review of each of the steps and phases, see our article, ‘MVP Software Development: Everything You Need To Know (The What, Why And How)’.
The technology research firm, Gartner reports that new product failure rates in the software industry are between 40% And 80%. If you don’t want to be included in those statistics, you may wish to consider building a Minimum Viable Product or MVP. One of the benefits of building an MVP for a potential software app or a new set of features in a software product is to reduce the failure rate for your product and to better prepare for the final product features in order to achieve the desired customer satisfaction.
Let’s talk about Minimum Viable Products, otherwise known as MVP. If you are reading this article, it is because you are curious about MVP. Maybe you are even considering employing the MVP process to support your product ideas. So, let’s get started!
When a business makes the decision to take on a Digital Transformation (Dx) initiative, there is a lot of planning involved. The enterprise cannot simply declare its intention and leave the rest to fate. It must plan carefully and include all crucial components if it hopes to succeed and to launch this initiative in a timely manner.
If you are considering a cross-platform or hybrid app development project, you have probably come across numerous frameworks and environments that support this approach. Two of the names that you will likely see are MEAN Stack and Angular (a component of the MEAN Stack framework).
Recent research reveals that software companies should focus on building and improving specific components of the business in order to ensure success and continued competition:
This Client is based in Germany and is a leading global supplier of integrated solutions and branded products in the field of cable and connection technology. The Client established business operations around the world with more than 4500 employees, 25 production sites and a presence in more than 150 countries.
The term ‘Digital Transformation, or Dx, is everywhere today. If you have heard the term, but you’re not clear on its meaning, Digital transformation is a business initiative that adopts a customer focus by taking a digital or technology-driven approach to business. This approach includes business processes, software and solutions used to create concepts or products, complete tasks, work through approvals, manage projects, monitor, and manage suppliers, equipment, teams, etc. In short, every aspect of the business from business structure and models to customer interaction and operations. Digital Transformation technologies may include artificial intelligence (AI), ERP systems and solutions, private or public cloud environs, and digital solutions for augmented analytics, BI tools, workflow management, HR, product design, etc.
