Many startups fail in the early stages of their launch and disappoint investors. You can measure the failure of startups from the fact that 66 out of 100 startups do not return their value to their investors. What could be the reason for the failure of such numerous startups?
A COMMON CAUSE OF FAILURE
One common reason for the failure of such numerous startups is that businesses and entrepreneurs go straight to product development so that they can quickly develop and bring products to market. But it involves a lot of risks, which results in the start-up failing and the investor’s money sinking.
The path through which you can successfully bring a new software product into the market is through POC Software development. Without Proof of concept software is much more difficult to keep stable in the market. It is an essential element of software development, without POC Software development you cannot imagine the success of software.
WHAT IS PROOF OF CONCEPT?
Proof of Concept or POC is the method by which software is tested before launch. This testing is done in such depth that the results obtained help in making important decisions about the software and determining what the future of the software will be.
According to Altamira, An in-depth check of the software before launch increases the chances of building the best software and developing software that people want to use.
TESTING SOFTWARE PROPERLY
The development of any software depends on its actual idea. If the software is not properly tested and does not include all the solutions that are essential to solving the problems in the market, then you are going to develop software that will be worthless. It can be a waste of time and money as people will never show interest in buying it. With Proof of Concept, you can prove that your idea is flexible and capable of solving key market issues. In addition, you can tell how it will work and what you can gain by funding it.
THE RIGHT TIME TO IMPLEMENT THE PROOF OF CONCEPT
Proof of concept (POS) is implemented in the early stages of the software development life cycle. The purpose of Proof of Concept is to test whether the idea of developing software is the best. Proof Regarding your concept, you can say that it is a process in which the product is tested before it is launched in the market and if the developers found any issue they fixed it in the early stages.
It is rare for your real idea to be able to be refined and the rapidly changing market has greatly influenced the positive results of the real idea. We finally have to make some changes to the real idea to improve the software so that the software can be designed in such a way that it can play an important role in solving the problems in the market and real life.
REFLECTION OF THE FINAL PRODUCT VISION
Proof of concept best reflects the vision of the final product. Because it involves all stakeholders in the development process. They all discuss issues such as what the limits of the software will be, what opportunities and risks may be available for the software, and also decide in which direction the software will be taken. Can go. This is an essential step in providing openness to the software development process and simplifies the testing, modification, and launch process.
PROOF OF CONCEPT
A proof of concept can be in the form of a document, presentation, or presentation. Proof of the importance of your concept is that at this stage you do not need any kind of coding and designing, but your concept documentation must show who you have to complete the software. Resources and requirements are required. In addition, the proof of concept should also mention the technical specifications of the software.
It is usually developed internally, with the help of very few stakeholders when it comes to outsourcing.
MINIMALLY VIABLE PRODUCT AND PROOF OF CONCEPT
Proof of concept is often mixed with a minimal viable product, while we should know the clear difference between the minimal viable product and proof of concept. The software includes functionalities and software features called MVP, and a product that is in its early stage on documents is called proof of concept.
Every year many companies come to the market with new ideas but in the early stages, they fall prey to failure. The main reasons
- LACK OF FUNDING
Not meeting market requirements
These days the problem can only be solved by starting the process of software development with a proof of concept.
- THE MAIN PURPOSE
The main purpose of Proof of Concept is to make it known that software is technically feasible. The development team must be involved in the proof-of-concept process to assess what is possible and what is not possible and what the correct technical direction might be.
- KNOWLEDGE OF ISSUES
To create a POC, you must know the issues you are going to solve. The biggest goal of this is that the product is not being made out of reality, and it will have value for the end-user. The testing stage also lets you know if you are on the right track in your software development process.
- PROOF OF CONCEPT AND OWNERS
Within the proof-of-concept software, the software helps the owners to understand what benefits they can get from the software and what the limitations of the software will be. During the process, they discover different options and see which option may be most beneficial to them.