Minimum Viable Product

How can you get the most bang for your buck when you invest in an idea? By developing a product that is at the bare least marketable. The MVP is a product that has just enough functionality for the initial consumers to use.

Your first prototype should be simple, with just a few features, so you can quickly get feedback on your concept. Why? Because it’s the fastest way to find out whether your app will be useful to your target audience and if it’s worth your time and money to continue developing it! If your premise about market demands is correct, then the MVP is like an experiment in the scientific process.

Designing and developing an app can be both times- and money-consuming, not to mention dangerous. You don’t want to waste your time and efforts on something that may not benefit your company.

The “need to have” features for your customers to install to achieve your project’s objectives may be determined by consulting your project stakeholders and defining the features they need. The costs and hazards associated with a project may be reduced significantly if an MVP’s scope is clearly defined as early as feasible.

So easy — instead of spending everything on something your clients may not initially desire, start small with an MVP and receive validation. Make it easy for your customers to express their needs and desires.

What is the best technology to utilize while developing an app?

Of course, when it comes to the Elixir programming language and Phoenix, we have to say: ELIXIR! It’s not as easy as that, is it? Everything hinges on the concept you’ve come up with and the development process you’ve chosen.

If you anticipate rapid expansion of your application and the associated processing of ever-increasing amounts of data, then Elixir is a logical choice. For an application with numerous users, sure, it’s possible. In order to grow your platform and include new tools and technologies, you should consider Elixir!

Your initial prototype, or MVP, will demonstrate the value of your idea and give you an idea of what further features your application will require. A thorough review of your MVP may define your future product and the resources you’ll need to produce it. Is it a good idea to start with a single technology for an MVP, then switch to a different one as your program grows? Of course not!

When developing an MVP software, many firms fail to consider expansion… Their primary objective is to swiftly and inexpensively produce a working prototype of their technology. However, if you want to save time and money in the long run, you may want to avoid rewriting your program in the future. There is usually no time to rework the product after the fact (and lack of money). A continuum is a good analogy for your early-stage project. Keep an eye out for procedures that may be necessary for the future. It will allow you to provide long-term company benefits.

There is always a lot of pressure to get things done quickly since other people work on comparable products at the MVP stage. The MVP’s cost is also a consideration. MVP places less emphasis on quality. On the other hand, Elixir is a great option if you’re looking for a fast, low-cost solution that doesn’t compromise on quality.

Elixir’s key benefit is that it’s fast and straightforward to create an MVP or a whole project. Let’s get into further depth and specificity about this idea.

Is Elixir a better choice than Ruby in terms of performance?

When it comes to developing an MVP application, Ruby has been the most popular choice. Ruby is one of the most widely used productivity languages; it’s no surprise. There is a direct correlation between the number of lines of code required to construct software and its productivity. Ruby, on the other hand, is just like that.

We in the Ruby community even have a saying: “There is a gem (lib) for that!”. If we wish to perform anything, there is usually an existing library that we can readily integrate into our code. Ruby is a highly productive language because of its simple syntax and many libraries. This implies that you may create an MVP project using Ruby for a reasonable price.

There’s no need to compare Ruby to Elixir when it seems like Ruby is the right option for MVP projects. Basically, scalability is the key. If your app is a success, you won’t need an MVP anymore; instead, you’ll have a fully working, scalable app. This is where Ruby falls short, and Elixir shines.

The general-purpose programming language Elixir was developed. It excels in a wide range of tasks. Elixir’s major benefits are its performance, efficiency, and scalability, particularly for web apps and IoT development projects. In addition, it is just as prolific as Ruby, making it a perfect choice for both MVP and scalability.

Despite its young age, the community around Elixir has been quite active in moving the technology forward. As a result, its standing compared to Ruby is becoming more comparable. In comparison to Ruby, Elixir is already well on its road to achieving a comparable level of functionality.

Additionally, José Valim, the guy that developed Elixir, is a major contributor to the projects Ecto, Phoenix, and a slew of other Elixir-related projects. He’s often mentioned in Elixir-related talks.