Within the digital asset management (DAM) community, return on investment, or ROI, is a hot topic. Businesses know they need a DAM, but clearly showing ROI to upper management isn’t always straightforward. Consultants and analysts have deconstructed the debate over and over. At WebDAM, we often hear a slightly different perspective – not so much a debate on ROI, but rather a case of paying an outside vendor for a solution (“buy”) vs. internally developing and maintaining a solution (“build”). DAM is becoming business-critical thanks to the exponential increase in digital media and most companies recognize the need to invest in it. These days, companies spend their time exploring the different ways to incorporate DAM. Should they create an in-house solution with complete control over features, workflow, and interfaces or should they use an outside vendor and focus solely on their core business? That’s the true dilemma facing companies these days – hence, buy vs. build.
Upon first glance, the “build” option seems to be a better way to go. After all, it’s a tailor-made solution developed and maintained by a company’s internal staff for total control. But upon closer inspection, choosing to “build” doesn’t quite seem as practical. Here’s a look at the key differences involved between “buy” and “build”:
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