Proof of concept is a presentation of the product and its potential viability.
It described the idea and proposed functionality of the product, including the general design and how feasible they are.
The main purpose of POC is it serves as a prerequisite for companies before they produce the final version of a product, then release it for wide-scale implementation.Simply put, a small-scale visualization practice to verify the potential of a real-life application project.
It's not about delivering that concept but exposing its feasibility.Furthermore, it allows decision-makers to explore the project's potential, giving them a glimpse of the bigger picture once the business launches the product.
Reasons why POC development is imperative for small businesses:Proof of concept are critical in helping businesses, particularly small ones, launch their new product ideas and begin their POC development 1. Business can pinpoint potential risks and obstacles:Developing a POC helps businesses to pinpoint risks and hindrances they may face while implementing the proposed product.Rather than noticing the obstacles after the product launch, businesses can foresee them and plan the project accordingly, still in the development phase.The POC development can increase the likelihood of the product's success.
Additionally, businesses can also find ways to eliminate, mitigate, and address the risks and assure their investors about the project's success.