Is Proof of Concept Approach Crucial in Software Development?

It’s a technique that we all love! PoC or Proof of Concept approach is a trend in software development to create a demo of a project in advance. It’s a fairly new method, especially when compared to old-school alternatives such as RFP (i.e. Request for Proposal).

However, the big question to address is “how essential is the PoC approach in SDLC?