The Contact Center Build vs Buy Decision
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To build, buy, or lease their next data center is an issue that keeps many C-level executives up at night. The decision may rest on many diverse factors such as available capital, timeline, degree of desired control, and simple human ego. Being able to assess current and future IT needs accurately.
Like many product owners, I have frequently been faced with the decision to build or buy when I was developing and launching products. I still vividly recall the inception of my first product, AppTRAX. Launched in late 2010, it was a database of the most popular mobile applications on the top mobile platforms.
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A decision tree is a good way to apply consistent and transparent criteria to your buy vs build choices. a. Commercial Off the Shelf (COTS) available? Are there fit for purpose products in the marketplace? Ideally there should be 3 or 4 competing products in the space. b. Area of competitive advantage? Competitive Advantage (CA) is a widely.
Keep in mind, however, that resources and expense savings are just a small part of the larger picture. Other factors that go into the buying decision include: Build Time: The typical data center can take anywhere from 12-18 months to build. On the other hand, outsourcing with a data center means you can be up and running much sooner.
When implementing an ERP system, companies need to decide whether to buy the system or to build it in-house, both methods have their pros and cons and careful consideration has to be taken by the people responsible for such decision in order to choose the implementation route that would best suite them.
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Making build vs. buy decisions frequently can be a challenge. Often, we do not have enough information and things can change during the decision-making process. However, it must be remembered that the aim should be to make a "good decision," not necessarily the "best decision."