With the world moving at a fast pace and a constant demand for high-quality products, prototyping naturally becomes a necessary step. Prototyping will help bring a well-rounded product to the market faster without going through large cost intensive changes when you're deep into the production cycle.

 

Why prototype?

Either you are looking on prototyping from business or technical side, you can still see many benefits of it:

• Provide value to the idea for funding. A prototype makes an idea a reality and makes investors or partners confident by showing them that the idea could actually work. Building a prototype shows determinism and a passion for further developing the idea. To an investor, execution matters more than an idea.

• Reduce production cost and determine the initial cost. Developing a physical prototype will help determine a detailed cost distribution that will be involved in manufacturing. Factoring in the cost earlier in the development process will help with predicting the feasibility of the product for production. It's also essential to understand that a prototype can be used to reduce the cost that's involved down the line in production (Figure below) and speed up product deployment. With a prototype, you can determine more effective ways of designing a product for production and streamlining the product to lower the cost involved in manufacturing.