Minimum Viable Ecosystem
The MVE is the least complex ecosystem that allows participants to learn about a more complex, future ecosystem with the least effort
Today, I found myself on the trail of a powerful concept that extends well beyond the IoT context where I discovered it.
Stacey Higginbotham, in her Stacey on IoT newsletter, wrote a lead story, For IoT, think about creating a minimum viable ecosystem. This, as you might imagine, caught my eye. She wrote,
There is a ton of talk in the hardware world these days about creating a minimum viable product (MVP) that you can show to customers or investors before investing big money — and time — into a final device. The idea is that you’ll learn a lot through the creation process and even more from how customers interact with the device, learnings that might influence its final design.
However, I recently had a conversation with Pilgrim Beart, who brought the concept of a minimum viable ecosystem to my attention. Beart is CEO of Device Pilot, a company that provides business intelligence from various different devices in one place. With the internet of things, companies are no longer trying to create a product to offer value, but rather establish relationships between companies and individuals to create value. But…
