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What is an MVP in software development?

MVP is an important term in software development. It stands for “minimum viable product” and it refers to a piece of software that is released by a software development company prior to a final product’s launch. It is something that works and can be used by customers or a testing group, however, it will have limited functions and capabilities as compared to the projected final product. 

A good example of this comes from the video game industry, in which trials and free demos of games to be released in the future are offered to users. Players can try out a limited version of the game with reduced capabilities, fewer levels, and even reduced graphic power, in order to see if they like the game and might like to purchase the full version down the line. 

This same principle is often applied in the tech world and an MVP in software development is now a very popular option. 

Why are MVPs useful?

There are a few reasons why a company may wish to roll out a minimum viable product, including: 

 

  • Learning about customer base: Developing and launching an MVP allows a company to get a real insight into how their customers interact with their products. Debuting an MVP and gathering feedback on how that MVP was used and experienced allows a company to make necessary improvements and adjustments for the rest of the project. This allows the best possible end product to be created. 


  • Early market launch: In 2022, the tech market is filled to the brim with products. There is a lot of competition out there and it takes a lot of work to get ahead. It also takes a lot of time, effort, and budget to complete and launch a software project. Launching an MVP is a way in which to enter the market early and get your name out there before the final result is ready. 
  • Trial and error: Working with a minimum viable product means you can try out features and design choices on a live stage. It allows a software development company room to experiment with choices before they land on final decisions. Doing so means that what you launch at the end of the project is the most fine-tuned and optimised version of itself. 

 

  • Useful for startups and smaller budgets: MVPs are a great option for startup companies and those with smaller budgets. They allow you access to the market and a first go at building a loyal user base, without needing a massive budget. MVPs can help startups get their feet off the ground and build momentum for future projects.

To summarise

MVPs in software development are extremely useful resources. They are a tool that can help you springboard into the world of development success, as they allow you a fast entry into a busy market, help you gain valuable insight into your target user base, and provide a unique chance to make improvements and adjustments as you go. 

In the software development life cycle, MVP creation is a valuable component. One that should not be overlooked. 

If you are thinking about an MVP for your company, it is a good idea to get in touch with a software development company with expertise in this area. They can work with you collaboratively to build the perfect minimum viable product that will glean all the results you would like it to. 

6B: your MVP and prototyping experts 

 

Here at 6B, we know everything there is to know about building MVPs and prototypes for companies like yours. We listen to your needs to create software that truly works for you.

 

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