What is Minimum Viable Product (MVP)?
A minimum viable product (MVP) is a product built with the minimum features necessary to satisfy the early users and gather valuable feedback for further development.
- The primary goal is to validate the core concept of the product while minimizing the resources, time, and costs involved in the development of the product.
- It can help the product development team receive quick feedback to iterate and improve the product.
- It helps developers to test the product idea in the market, identify its strengths and weaknesses, and make improvements before developing the full product.
- It plays a central role in Agile Development.
Difference between Minimum Viable Product (MVP) and Beta Release
Minimum Viable Product (MVP) is a version of the product that has enough features to be usable by early customers who can provide feedback for the future development of the product. Beta Release is the pre-release of the software that is given to a large group of users to try under real conditions. This article focuses on discussing the difference between Minimum Viable Product (MVP) and Beta Release.