Minimum Viable Product
What is it?
Minimum Viable Product (MVP) is the early and released version of the product, which has the most basic features that creates a value for the user, created to be tested and revised after collecting data from the user.
How can I use it?
Launch a product with simple and essential features as early as possible. Identify the features of the next version of the product with real user feedback and start a new feedback iteration.
When can I use it?
If you want to test your assumptions about the product without investing a lot of resources into product development you can use it. MVP helps you when you want to learn from the user with the help of real data and speed up the iteration process.