Wednesday, February 21, 2018

Word of the Day: validated learning

Word of the Day WhatIs.com
Daily updates on the latest technology terms |February 21, 2018
validated learning

Validated learning is an approach to demonstrating progress against business goals when traditional key performance indicators (KPIs) are not very useful. In his book, "Lean Startup," author Eric Ries described validated learning as a small unit of progress that can be quickly verified to determine whether a chosen direction is correct.

Validated learning treats product development as a series of experiments that use scientific method to answer questions about market demand.  Once the entrepreneur has created a hypothesis about what customers want, the next step is to test the hypothesis by building a prototype -- which in lean-speak is referred to as a minimum viable product (MVP). Potential customers are then asked for feedback about the prototype and the information is used to validate reality and fine-tune the product. The process is purposely iterative and is continually repeated throughout the product's lifecycle.

 

Validated learning is especially good at helping startups avoid building features that customers don't want or need. The thinking is that by continually validating what matters most to customers, the startup will be more likely to eventually demonstrate progress against traditional KPIs, including revenue.

 

Although validated learning got its start as part of the build-measure-learn (BML) approach to efficient product development in lean manufacturing, its simple tenents can be applied to the development of a wide variety of products and services, including software development.

Quote of the Day

"Instead of incorporating elaborate experiences for end users, it's better to first enable basic IoT features and keep the system remotely upgradable for future enhancements." - Sachin Kurlekar

 

Trending Terms

startup
scientific method
build-measure-learn
metric
minimum viable product
product lifecycle

value stream mapping

 
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According to Mike Cohn, Agile planning ___________ change by recognizing that it will occur.

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Answer


 

Stay In Touch
For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com

 

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