Iteration
What is Iteration?
Iteration is the process of repeatedly making improvements to a product or service based on feedback and data. In startups, iteration is often used to refine a minimum viable product (MVP) or other features through multiple cycles of development, testing, and refinement. This approach allows for incremental progress and reduces the risk of investing in features that do not meet user needs.
Benefits of Iteration
- Continuous Improvement: Allows for ongoing enhancements to a product based on user feedback.
- Risk Reduction: Helps avoid major setbacks by addressing issues early in the development process.
- Customer-Centric Approach: Ensures that development aligns with the evolving needs of the target market.