Build Versus Buy? Escalating Risks With Building Your Own Platform And Application

In the era of frequent employee turnover and retiring experts, the dilemma between building custom software and buying off-the-shelf solutions is complex. Consider four factors: cost, control, connectivity, and maintenance. Building custom software involves significant upfront investment, time, and distraction from core tasks. GE suggests partnering to save time and focus on product creation. Hidden costs, like downtime, can surpass the software expense. Despite the illusion of control, custom solutions often lead to unexpected delays and higher costs.

Read about a user-centric software that offers customization without relying on external teams, ensuring a smoother process. Connectivity is vital for digital transformation, and this solution excels in aggregating data seamlessly. With a cloud strategy, your company can enhance cost-effectiveness and ease of management. Explore more aspects to consider before committing to a custom software platform.