When to build vs buy a software platform?
Updated: Nov 25, 2022
Some of the most crucial considerations when deciding to build vs. buy software ependd on the current business needs and constraints. These are the considerations.
Use cases.
Readiness
Scope
Resources
Opportunity Cost
Time-to-Value
Building a custom platform can be a smart investment that an organization should consider only if it has sufficient time and resources for development. When resources are sacred and leading is a top priority, investing in a comprehensive, extensible platform can reduce costs and maximize performance more than any homegrown solution.
The above-mentioned key elements are meant as information to ease your organizational processes. However, if you would like a more detailed overview, do not hesitate to reach out to me at rizwan.khan@mac.com.
I have years of experience building Technology and providing Technology Due Diligence as a CTO, and I am available for fruitful discussions.
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