A low-code platform is a development environment for building applications mostly through visual editors and prebuilt components. Custom code is added only where the visual tools fall short.
A minimum viable product (MVP) is the smallest version of a product that real users can use and that tests the most important assumption about it. It aims to learn quickly with the least effort.
A proof of concept (PoC) is a small, focused experiment that shows whether a technical idea or approach is feasible. It comes before a team commits to building the thing properly.
Technical debt is the future cost created when software is built in a quicker or simpler way than it should be. It shows up as extra effort, bugs and slower delivery every time that code is touched later.
Custom software development is building software for one organisation's own processes, users or products instead of buying a packaged or SaaS tool. The organisation owns the roadmap and usually the code, and pays for design, build and ongoing maintenance.
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