[Term of the Day]:Poof of Concept

[Term of the Day]:Poof of Concept

Term of the Day 
 

Poof of Concept 

 

Definition — What is PoC?




The term Proof of Concept (PoC) sometimes referred to as Proof of Principle. It is the best possible way to start your ideas when you just have a wish list or an initial vision. In general, a PoC is a way of determining or testing a certain business idea or product for its feasibility and viability in the market. A PoC can either be a small piece of paper like a document, an initial video demo of the idea, or even an early prototype of the product, depending upon the nature of business. Essentially, the purpose of a PoC is to explain and convince potential investors/buyers, that the idea can be turned into a real and profitable venture.

 

The PoC process varies greatly depending on the type of product, the complexity of the development phase, the intended target audience, and more. PoC can help check the feasibility of a concept before it is put into production. It does not include factors such as the market for a product, best production processes, etc. It is important to remember that PoC does not focus on deliverables but on the feasibility of a project. PoC helps to avoid possible technical and other problems in the future and allows you to obtain valuable feedback at an early stage of the development cycle, thus reducing unnecessary risks.


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