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Proof of Concept: What It Is and How to Create One

A proof of concept (POC) is the actualization of a technique or idea in order to demonstrate its viability, or a proof-of-concept demonstration with the goal of confirming that a notion or theory has practical potential. A proof of concept is generally a minor project that may or may not be finished. A proof-of-concept (POC) is a small-scale visualisation exercise that verifies an idea's potential real-world applicability. It's not about delivering that notion just yet; it's about demonstrating its viability. Project managers can use the POC to demonstrate that the suggested solution, programme, product, feature, or technique can be built. For example, 'Proof of concept' is a term used in software development to describe a number of different procedures with various goals and participants: A proof of concept may be used by vendor business roles to determine whether a system meets some part of the purpose for which it was created. Once a vendor is pleased, a prototyp

26 Design Thinking Mistakes that Businesses Must Avoid

The direction with which you approach a work, can make wonders. Total quality manufacturing brought about a fundamental change in manufacturing sectors in the 1980s and then there was the lean methodology that is making waves all over the world. But there is yet another method that can fundamentally speed up how your business approaches any work and also the amount of time that it takes to reach milestones. And, that is the design thinking process. Experts' Advise on How to Avoid Design Thinking Mistakes However, the process is easier said than done. And several businesses often fail when trying to incorporate the process to their operations - which is why, I asked the experts, what are the fundamental mistakes that businesses make when using design thinking in their businesses and how can one steer clear of these issues. And, we got some amazing ideas in the process-

What is a Business Model? And, How Yours Can be Revolutionary

Article by Eshani Jain . What is a business model? The term business model caught the buzz only a while ago but has been in use since ages. Business models have only recently, become so sophisticated. However the importance of a business model is only increasing day by day. Think – Uber. How does the world’s largest taxi company which doesn’t have to own a single taxi encounter losses each year? Well, the answer lies in its business model. Why did people keep investing at Amazon even after it kept on getting losses years on end? The answer’s again in its business model. And, why do some companies like Kodak get wiped out from the competition of consumer cameras even though it practically invented both the chemical and digital camera!? Yet again, the answer is in the company failing to understand its business model. It may seem hard to comprehend all of this right now, especially since you may not know much about the term, but let’s keep this in the back of our hea