I came across the concept of Minimum Viable Quality a few months ago, when I was reading through my feed of quality and testing blogs, and it piqued my interest.
As many of us are trying to rapidly ship our software and get it into the hands of our customers as soon as possible, traditional approaches to testing are no longer providing the value that they used to. We're accustomed to periods of regression testing and product hardening phases, but these approaches slow down our delivery.
Here's a great diagram that gives a brief overview of MVQ.
Ken Johnston’s “Minimum Viable Quality (MVQ)” testing model
We need to be comfortable with shipping buggier software as fast as possible because the speed at which we release software is a key competitive advantage.
I'll be sharing this concept in late July with a group of Quality Assurance professionals from my company and I plan on reporting back with the questions and comments that come out of that session.

I've got a new post I'm working on from a data science angle talking about Minimum Viable Models.
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