SaaS – A different way of thinking?
Every growing business will stumble upon the buy vs build thinking at some point in time.
Needless to say, one policy cannot fit all situations, and for an average Joe, it creates confusion when more options are available. There is no right or wrong for either camp.
Let’s take a look at the disruption IKEA had on the furniture industry. What does IKEA do?
It offers pre-packaged and tested products in a wide range of colors and finishes. This leaves little room for customization and you also need to put the product together yourself.
On the other hand, we have furniture stores where you can design your very own pieces from scratch – completely customized. The best part? You don’t even need to assemble anything.
Depending on your requirements, both these approaches have their pros and cons. Both the industries exist because different customers have different needs. If you’re the kind of person who wants to design every aspect of your furniture, right from color to design to shape, there is no reason for you to go to IKEA.
SaaS is doing to the software industry what IKEA did to the furniture industry. Over the past couple of years, we have seen the number of SaaS solutions explode