It is important to identify the users’ major pain point and address it in the product. We help you focus on the most important parts of the system, so you can design a logic, functionality , and scope that will keep your initial investment low. During the discovery phase we can help you :
Identify your target users, market and competitors
Define a valuable MVP scope
Choose a cost-effective tech stack & architecture type
The first stage of the discovery phase is designed to better understand your vision for the startup and answer the main product questions about the target customers, competitors, business model, and pains we need to address. After careful market analysis and a series of interviews, our team designs the overall product scope and moves to the “requirements scrubbing.”
Here we discuss which features are truly part of the “minimum viable product,” and which should be added at later stages. From this discussion, we prepare the Product Backlog, which divides all the features into release stages. This is also where we handle preliminary time and cost estimates for the product.
The architecture stage is where we look at your requirements and consider the product’s technical aspects. It’s important to have an architecture that lets you securely scale and expand your product beyond the initial MVP.
Our team of business analysts and technical experts came a long way discovering user requirements/problems, generating the solutions, prioritizing the features, preparing the product plan, and implementing and preparing the product for its initial launch. Today the startup is already a successful product with multimillion-dollar investments.
Stone Labs did a great job of understanding the requirements of our business and helping to build the IT strategy. They got excited about our project and worked toward completion. As a startup we were extremely happy with the MVP they built!