What are the differences between a POC and an MVP?

A proof of concept (POC) is a small, quick project that is carried out to demonstrate the feasibility of an idea or concept. The objective of a POC is to validate the idea and gather information to make decisions about future development.

Examples of POC:

• A technology company developing a new machine learning algorithm can create a POC to demonstrate that the algorithm works correctly.
• A financial services company can create a POC to demonstrate that a new product or service is viable.
• A marketing company can create a POC to demonstrate that a new advertising campaign is effective.

Differences between POC and MVP:

In short, a POC is a small, quick project that is carried out to validate the feasibility of an idea. An MVP is a marketable product that includes the minimum functionalities necessary to meet the needs of users.

One of the main differences between a POC and an MVP is the objective. A POC aims to validate the feasibility of an idea, whereas an MVP aims to create a product that can be commercialised.

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Another important difference is time. A POC is usually a short and quick project, while an MVP is usually a longer and more complex project.

Budget is also an important difference. A POC usually has a low budget, while an MVP usually has a medium-high budget.

Finally, complexity is another important difference. A POC is usually a simple project, while an MVP is usually a complex project.

In general, a POC is a useful tool to validate the feasibility of an idea. An MVP is a useful tool for creating a marketable product.

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