The full form of POC is Proof of Concept. POC is an example of demonstrating that such theories or notions have the potential for real-world application. In a nutshell, a proof of concept is proof that a product or idea is viable and beneficial enough to justify the investment required to assist and establish it.
POC is thus a test designed to examine feasibility but does not represent performance. Investors who require tangible evidence that they require a start-up and a business plan to provide a sustainable ROI (return on investment). POCs are used by project managers to identify process deficiencies that may prevent the product from succeeding. POC is also known as proof of concept.
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Advantages of POC
- It enables you to identify numerous technical and non-technical concerns in the future and allows users to provide ideas and suggestions at an early stage of the development process to prevent negative impacts.
- Users can be certain that it is worthwhile to make an effort to adopt your idea, plan, or strategic thought.
- Users could save money by avoiding spending it on an impractical concept or idea.