A proof-of-concept (POC) is defined as a demonstration. Demonstrating that certain concepts or theories have the potential for real-world applications is a purpose of POC. It is actually used to determine feasibility. POC is also known as a prototype and a proof-of-principle (PoP).
POC is a term which has multiple meanings in different kinds of areas.
In software development, distinct processes with different objectives and participants roles are described by POC. POC is also defined as a partial solution which has a small number of users. Whether certain requirements are fulfilled by a system will be determined by the users. This approach shows a way through which the integration of the system can be done. It also shows the way through which throughput can be obtained with the help of a given configuration. Finding solutions to technical problems is an overall objective of POC.
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In the business world, whether a product is viable in terms of finance will be demonstrated by startups using POC. Research and review are included extremely in PoC. The submission of POC is done in the form of a single package to concerned parties.
The examination of a revenue model of a business is included in POC. A revenue model is defined as a description of the way through which the income will be earned, the profits will be produced, and a higher than average return on investment will be generated by a business.
The evaluation of a business can be done internally with the help of POC. It can’t just be done internally, but it can be done at proposed acquisitions and projects.
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