MVP (Minimum Viable Product) in SaaS is a product development strategy that focuses on releasing the most basic version of the software as soon as possible in order to have it tested by users and collect feedback.
Why MVP is important?
It allows companies to test their idea before fully committing to it. The goal of an MVP is to determine the feasibility and success of a full-scale product by launching a basic version and gathering user feedback. This helps companies save time and money by reducing the risks of building something that nobody wants.