What is Proof of Concept (POC)?
Sometimes known as Proof of Principle, Proof of Concept (POC) is a short-term process that evaluates if a concept (product, idea, design) is profitable and has the potential for real-world application.
Proof of Concept is a great method to determine a concept’s feasibility before it is put into product development. It is usually required by investors, managers, or stakeholders, who need tangible proof that resources expended will drive a return.
What is the value of Proof of Concept?
POC test is an integral part of creating a new concept. This short but extensive process proves that a product is financially profitable and worth investing in. It helps identify potential technical and logistical issues at the early stages of the project and saves valuable resources. Project management can recognize recesses in processes that might prevent success while a software development team is looking for solutions to technical errors.
Proof of Concept (POC) does not involve business factors such as market for a product, effective production processes, marketing strategy, etc. It focuses on the feasibility of the project and its principles instead of the plan’s deliverables as a whole.
Proof of Concept is the best solution when you want to add a new feature to your product, improve existing solutions or use third-party software for your project.
Proof of Concept vs. Prototype vs. Minimum Viable Product
Proof of Concept (POC), Minimum Viable Product (MVP), and Prototype are three important parts of a product’s success. Those steps have very specified purposes, and one can’t replace the other.
PROOF OF CONCEPT
It is the first step in the process of transforming the idea into a success. Proof of Concept helps to determine if the project is achievable and provides you with important data. Extensive research will show you the best way to approach concept, technology, features and help justify the expenses to investors, stakeholders or managers.
PROTOTYPE
A prototype is a visualization of the product. It focuses more on the user experience and desirability than the feasibility of the technology like Proof of Concept. Another difference is to find in approach. Prototype examines a holistic aspect of a product rather than focusing on a single principle.
A prototype is an important tool for verifying a concept with users, investors, and stakeholders without wasting valuable resources. Its main function is to validate software development decisions, determine the right technology choice and decrease the number of mistakes.
The difference between Minimum Viable Product and Prototype is subtle. MVP is a well-polished working model, while a prototype is more like a draft.
MINIMUM VIABLE PRODUCT
A minimum viable product (MVP) is the most basic version of the end product. The working model is delivered to early-adopter customers, who can provide feedback for future product development. This process helps validate a product idea and get an insight about customers with the least effort.
MVP is a good solution for companies that want to release a product to the market as quickly as possible. It is testing the idea with real-world users before spending a large budget on development. The greatest value of a minimal viable product is feedback about what resonates with the company’s target market and what doesn’t.
How to make a Proof of Principle with Codibly?
Codibly, over the years, helped multiple companies with their first products. That is how our specialized approach to POC was developed. The goal is to provide you with the cross-functional team that will deliver the Proof of Concept within the two months period. We focus on the time to market to provide as much value as possible, keeping in mind the quality. Our rapid application development and mature processes in Codibly let us build an “out-of-the-box” approach that includes continuous integration, test management, and infrastructure as a code.
PROJECT SCOPE
Before the new project starts, we want to make sure that we understand your business needs. For this purpose Codibly came up with special workshops that let us get to know each other better. During this time, we are able to set up our goals, understand each other operating systems and work out the best communication methods.
Proof of Concept can vary according to the product, industry, and other factors – that is why Codibly’s scope should be understood as a guideline of what will be delivered. The first stage of the project includes the general setup (Backend service, the Frontend app, CI/CD). The next step is concentrated around data processing (files upload, normalization, enrichment, and saving). The final part of the project is where all conclusions are applied to reality. We will model and implement your processes into the application providing you with tangible benefits for your company. Our approach is holistic, we are working on business logic, business workflow, business processes, external integrations/triggers, and intuitive data visualizations. In two months’ time, you are provided with an extensive report with crucial information.
TECHNOLOGY
Proof of Concept may be crucial to your success – it needs to be done as fast as possible because time is one of the greatest values. Codibly is prepared to finish the project in two months. Keeping in mind that we need to focus on the Time-to-Market parameter, we would like to suggest using one of four different technology stacks: Python, PHP, Node.js, and Kotlin. We’ve selected them based on our experience and their vibrant ecosystems that provide a lot of ready-to-use components that can speed up the development. In Rapid Application Development we don’t want to waste time on creating CRUDs and Admin panels, they should be generated automatically and available immediately.
Codibly is focused on providing you with great business value in a short time. In the fast-changing world, the idea may have a short expiration date. With our help, you will be able to validate your concept and create a new, successful version of your product right on time without wasting valuable resources.
