What is Minimum Viable (Data) Product?

A couple of months ago I left Pivotal to join idealo.de Besides the usual tasks like building out the data science team, setting up the infrastructure and many more administrative stuff, I had to define the ML powered product roadmap. And associated with this was also the definition of a Minimum Viable Product (MVP) for machine learning products. The question I often face though, here at idealo and actually also back at my time at Pivotal, is what actually a good MVP means? In this article, I will shed some lights on the different dimensions of a good MVP for machine learning products drawing in the experiences that I've gained so far.