MVP, or Minimum Viable Product, is a term used in the business world to describe a product or service that is released early in its development cycle, often with only the most basic of features. The goal of releasing an MVP is to get feedback from customers and stakeholders as soon as possible, in order to make changes and improvements based on real-world usage. The benefits of MVP include: Faster time to market - By releasing an MVP early on, you can start getting feedback from customers and stakeholders much sooner than if you waited until the product was fully developed. This can help you speed up the overall development process. Lower costs - Developing an MVP typically costs less money than developing a full-featured product. This can help reduce your overall development costs. Increased customer engagement - Releasing an MVP allows you to get feedback from customers and stakeholders early on, which can help increase customer engagement and improve the overall quality of your product.