According to Peter Drucker, the renowned business author and educator: “Wherever you see a successful business, someone once made a courageous decision.” That’s not to say that courage alone is the answer—extensive research, forecasting and scenario planning all play a role in making business decisions. In fact, when it comes to purchasing software, especially EHSQ software, there is much to consider and much at stake.
The Buy vs. Build Debate in the Post-Pandemic Landscape
In the software development world, the buy vs. build debate is still strong. With rising costs of doing business, mounting customer expectations and disruptions to operations, leaders are faced with the decision of whether they should build software in-house or buy it externally. Interestingly, businesses based in the U.S. spend nearly $300 billion per year on in-house solutions. Within these, however, only 30% of in-house IT projects are successful.