MVP Software Development Trend: Moving Beyond To Minimum Loveable Product

In the realm of development of a product, companies must work on what is the best possible approach to breathe life into their pioneering ideas. To succeed you must be able to fabricate your ideas with correct mapping, matrices and parameters.

For most start-ups, creating the first version of their product sounds like a mighty task to deliver in a short duration. In 2011, when Eric Ries popularized the concept of “MVP (Minimum viable Product) in his book “The Lean Startup”, companies looked at Product Development in very different ways and became aware of faster ways of delivery.

The MVP concept is simple and clear: “Creating a product with all fundamental features that satisfies all core requirements and end users’ needs, at minimal cost and effort.”

Sometimes it creates confusion as MVP is about basic functionality that captures the essence of the product. This can not be done in haste, as capturing the essence is an often misunderstood aspect, while ‘basic’ resonates easily and often to the detriment of companies.

Top Trend of 2021: Moving From MVP to MLP.

Now you know how to create successful MVPs, you must also explore the new concept of MMP, MLP & MDP. Once you are recognised for solving the customers’ problem, you must think to shift towards minimum lovable products (MLP). To attract investors, as well as customers, you need a MVP that is also loveable, you need an MLP, and that will be the future.

To read more about the future and for detailed insight into the subject please visit our blog.

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