Scarcity Principle
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
Market Requirements Document (MRD) is a comprehensive document that outlines the market's needs, target audience, and business objectives for a product.
Return on Investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of different investments.
Application Programming Interface (API) is a set of tools and protocols that allow different software applications to communicate and interact with each other.
The extent to which a measure represents all facets of a given construct, ensuring the content covers all relevant aspects.
Product Advisory Council (PAC) is a group of customers, industry experts, and stakeholders who provide feedback and guidance on a company's product strategy and development.
The level of sophistication and integration of design practices within an organization's processes and culture.
A strategic plan that outlines the goals, milestones, and steps needed to deliver a product that achieves desired outcomes incrementally, providing a clear path forward.
Natural Language Processing (NLP) is a field of AI focused on the interaction between computers and humans using natural language.