Next-gen business model
Proof of concept
An agile working method of developing new initiatives for business
Developing new initiatives to further optimize and innovate business operations and models has become an essential activity within all organization.
Hence, the activity of conducting feasibility assessments and quickly tests of new digital initiatives’ effectiveness is no longer new to businesses. However, to save both time and resources, this requires an agile working method.
What is PoC?
Digital PoC or Proof of Concept is a demonstration or a short-term project to test a digital initiative and its relevant impacts on a small perimeter in order to evaluate the return on investment and identify potential usages.
To keep up with the latest trends and be able to predict uncertain results of a new digital initiative, a PoC is necesarry. It can be organized when the company is trying to test and implement the new initiative at the beginning phase or to develop a new cost-effective idea on the existing product, which requires high investment. PoC provides a clear picture whether the idea is viable or not in a short time period.
Implement Digital PoC with FPT Digital
FPT Digital helps enterprise build PoC by applying Lean Process methodology. Following this four-step following process, digital initiatives will be quickly assessed, agily developed so that they will be robustly improved for adaptation and brought into practice faster.
01.Ideate
- Identify problems and specific use cases to initiate ideas and directions
- Collaborate with customers to define ideas that match market opportunities
04.Implement
- Develop implementation plan
- Analyze business to further develop application
- Build Unit Test and Devops Infrastructure to contiously improve and integrate
- Develop output for commercialization
02.Measure
- Establish benchmark for assessment phase
- Define metrics to measure ideas effectiveness
02.Measure
- Establish benchmark for assessment phase
- Define metrics to measure ideas effectiveness
03.Develop
- Build architecture that enables instant expansion and continously source code restructuring
- Reuse successful products/platforms from FPT’s digital solutions hub and tailor to business’ needs
04.Implement
- Develop implementation plan
- Analyze business to further develop application
- Build Unit Test and Devops Infrastructure to contiously improve and integrate
- Develop output for commercialization
PoC saves time and costs for business
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If the PoC is successful, there are higher chances of getting initial buy-in from stakeholders with more financial fundings in order to continue developing the project. Otherwise, if PoC is not succesful, depending on the results, the idea might be adjusted and developed in a new way or be stopped right at that moment to save time and resources.
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Perform PoC with FPT Digital and test your new digital initiatives in an agile approach, on a small scale, to quickly evaluate and assess the feasibility, while at the same time, save resources and limit risks for your business when encountering implementation phase.
Other reference initiatives
To build a next-gen business model, besides of having a proof of concept, initiatives and roadmap are tailor made for each business to ensure practical and feasible implementation approach. Some other reference initiatives for building a next-gen business model include:
Explore your digital potentials