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Proof of Concept (PcC)

A proof of concept, also known as proof of concept or concept demonstration, is the implementation of an idea, method, or principle.

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A proof of concept is a valuable tool that companies and organizations can use to minimize risk, improve decision-making, and increase efficiency. By implementing a PoC, companies can ensure that they invest in products and solutions that are feasible, practicable, and valuable‍

Purpose Proof of Concept

The purpose of a PoC is Minimize risks and Decisions to make before time, money, and resources are invested in developing a complete product or solution.

Types of POCs

There are different types of POCs that can be used depending on the specific needs and goals of the project. Some common types include:

Prototypes: A prototype is a simplified version of a product or solution that demonstrates key capabilities and features.
Simulations: Simulations use computer models to replicate the behavior of a product or solution in a real environment.
Pilots: Pilots are small, real-world implementations of a product or solution that are used on a limited scale.

Benefits of proof of concept

There are several benefits of running a PoC, including:

Risk Mitigation: A PoC can help identify and address potential issues and challenges early on before they result in major costs or delays.
Improved decision making: A PoC can provide decision makers with valuable information they need to make informed decisions about how to develop a product or solution.
Increased efficiency: A PoC can help save time and money by preventing resources from being invested in developing a product or solution that ultimately proves unfeasible or impracticable.
Increased trust: A PoC can increase stakeholders' trust in a product or solution by providing evidence that it works and provides value.

Proof of Concept example

A company is developing a new mobile app that allows users to do their banking transactions. Before investing in the full development of the app, the company creates a PoC to test the functionality of the app and usability. The PoC helps the company identify potential issues that need to be addressed before the app is launched.

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Note: Our team benefited from the support of AI technologies while creating and maintaining this glossary.

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Development of recommendations for action through PoC implementation

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PoC provides the basis for recommendations for action

The PoC forms the basis for further decisions to introduce a modern data platform.

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