8 important points you must consider when deciding whether to Buy Software or Build Software

Are you facing a common dilemma of whether to build your own software or buy existing software solutions?

There are various pros and cons to both the approaches. Here are the key differences between building software from scratch and buying pre-existing software solutions:

Difference 1:

Implementation is faster when buying software. Vs Implementation takes time when building software.

Difference 2:

Buying Software has relatively small costs Vs Building Software has relatively high costs.

Difference 3:

You have to use what's given when buying software. Vs You can customize as per your need when building software.

Difference 4:

There are no rights to the generated code when buying software. Vs You have rights to the generated code when building the software.

Difference 5:

There is no control over the software's operation when buying it. There is control over the software's operation when building it.

Difference 6:

There is dependence on other people or vendors when buying software. Vs There is no dependence on other people or vendors when building software.

Difference 7:

Buying software solves general audience problems. Vs Building software solves your own specific problems.

Difference 8:

There is no participation in the maintenance process when buying the software. There are potential risks associated with development when building the software.

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