Technology-The magic that can make an elephant dance!

Technology-The magic that can make an elephant dance! 

 

 

 

You don’t have to work in the technology industry to benefit or apply the advanced technology today. 

Technological innovations are always surfacing, and some of them will have a tremendous impact on your business. If you’re one of the first to embrace high-tech discoveries, you’re more likely to beat your competitors and dominate your market. We’re surrounded by technology daily, and yet most of the time, we don’t know how it works. 

It is due in part to how quickly information becomes outdated and obsolete as technology evolves and changes at an exponential rate. Books, TV, and even IT professionals have trouble keeping up to date with changing trends. The only way to stay current with technology is through information online—the only medium that achieves anything close to real-time updates. 

While sites like Mashable and Wired do provide articles about technology, it’s often filled with clickbait or recycled material. If you want informative articles about technology and insights from the tech industry, you need to read blogs that are regularly updated by people that know about the industry and care about providing quality content to their readers. 

Technology helps businesses maintain data flow, manage contacts, track processes, and maintain employee records. Technology makes it possible for businesses to operate efficiently and effectively with minimal manpower and helps to reduce the cost of doing business. 

Technological advancements have entirely reshaped the organizations by making their business processes highly integrated, and more streamlined. This is more so in the case of small or medium enterprises. Run by a few people, small businesses need technology like nothing else. Technological advancements have facilitated these businesses in running their tasks smoothly and performing well than ever before. Are you keeping up with the technological evolution in the modern workplace? 

Ever wondered how MNCs work by collaborating with their thousands of employees and resources from all around the world, and that too in real-time? Well, it’s all because of the biggest wonder of the 21st century — technology. Technology in the workplace is like a facilitator that makes an action or process easier to keep the whole workflow smooth and on track. 

No wonder it is stated as the world of SMAC [Social, Mobile, Analytics, and Cloud]. Thus, making companies of a size of an elephant dance to its moves. 

 

 

 

 

 

 

 

 

 

 

 

Alternative to the MVP (minimum viable product): Simple, Lovable and Complete (SLC)

 

Alternative to the MVP (minimum viable product): Simple, Lovable and Complete (SLC) 

  During my internship I came across two product development approaches while designing a product for my employer one is MVP (minimum viable product) and another SLC (simple lovable and complete). We used SLC instead of MVP for product development because that was the best alternative available  

But STOP.  

DO you know SLC and MVP? 

Let’s understand both the terms, then we can decide whether SLC (simple lovable, and complete) can be alternative for MVP (minimum viable product) or not 

• Minimum Viable Product (MVP) 

In 2011, The Lean Startup by Eric Ries amend the Development funnel of startups by introducing several new concepts. The minimum viable product, or MVP, was one of them. The Purpose of Minimum Viable Product is to get user feedback before developing the final product. This feedback helps you steer clear of failure. 

In today’s IT industry, developing Minimum Viable Product is common practice. It’s useful in the Outline of a project or startup. If you’re planning to launch your own product, read to learn more.  

Product Plan website Define minimum viable product as 

  A minimum viable product, or MVP, is a product with enough features to attract early-adopter customers and validate a product idea early in the product development cycle. In industries such as software, the MVP can help the product team receive user feedback as quickly as possible to iterate and improve the product. 

 

Because the agile methodology is built on both validating and iterating products based on user input, the MVP plays a central role in agile development. 

What is the Purpose of a Minimum Viable Product?

A company might choose to develop and release a minimum viable product because its product team wants to:  

• ✔ Release a product to the market as quickly as possible 

• ✔ Test Project with real users before committing a large budget to the product’s full development 

• ✔ Learn what resonates with the company’s target market and what doesn’t 

 What is the Key Characteristics of a Minimum Viable Product? 

Allowing company to validate an idea for a product without having to build the entire product, an MVP can also help minimize the time and resources you might otherwise commit to building a product that won’t succeed. 

• ✔ It has enough value that people are willing to use it or buy it initially. 

• ✔ It demonstrates enough future benefit to retain early adopters. 

• ✔ It provides a feedback loop to guide future development.  

 The product may change even dramatically or even get abandoned as feedback from users may significantly diverge from the original project. However, the developing teams will not waste any resources (efforts, time, money, and advertising) on a product that no one really wants, needs, or likes. 

 

 

  What are Examples of the Minimum Viable Product? 

                                                                

Airbnb

With no money to build a business, the founders of Airbnb used their own apartment to validate their idea to create a market offering short-term, peer-to-peer rental housing online. They created a minimalist website, published photos and other details about their property, and found several paying guests almost immediately. 

 

 Foursquare 

The location-based social network Foursquare started as just a one-feature MVP, offering only check-ins and gamification rewards. It wasn’t until they had validated the idea with an eager and growing user base that the foursquare development team began adding recommendations, city guides, and other features. 

  

Simple, Lovable and Complete (SLC) 

 The problem is that customers don’t want to use MVPs (Minimum viable product). Startups are encouraged to “launch early enough that you’re self-conscious by your Preliminary version (V1) release.” But no customer wants to use an unfinished product that the creators are embarrassed by. Customers want best products at first Point of contact. 

MVPs are too M and almost never V. Customers see that, and hate it. It might be great for the product team, but it’s inconvenient for customers. And ultimately, what’s inconvenient for customers is bad for the company. 

Fortunately, there’s a better way to Conceptualize and validate new products. 

In order for the product to be small and deliver speedily, it has to be simple. Customers accept simple products every day. For example, it was okay that early edition of Google Docs had only 3% of the functionality of Microsoft Word, because Docs did a great job at functionality for which it has designed i.e. simplicity and real-time collaboration. Docs was simple, but also complete. This is clearly different from the classic MVP, which by definition isn’t complete. Developing Simple product is good but providing incomplete Product is embarrassing some time. It is not contrary for products to be simple as well as complete. Examples include the Starting versions of WhatsApp, Snapchat, Twitter and Slack. Some of those later evolved with more functionality (Snapchat, Slack), whereas some kept it simple (Twitter, WhatsApp). Virgin Air get going with just a single route — small, but complete. 

 Can SLC be alternative for MVP?  Comment below   

Source: cbinsights.com 

Source: redhawkresults.com