DIY

Build versus buy – an empirical approach (part 2)

DEVANG MEHTA
Dec 03, 2015

In a PREVIOUS POST, we described a framework for evaluating the right inflection point for a ‘Build versus Buy’ scenario for implementing an IoT Analytics solution at your organization.

In this post, we will expand on this – first with a few numeric use cases based on our interaction with customers and prospects. As a reminder, we define Value of Risk = Cost of failure X Chance of failure.

Case 1: 8 Full-time Employees (FTEs), Chance of failure = 25%, Calculated Risk Value = $285K

Build versus buy – an empirical approach (part 1)

DEVANG MEHTA
Nov 24, 2015

In this two-part Blog post, we will examine the pros and cons or building an in-house IOT ANALYTICS SOLUTION versus licensing a solution from a leading industry player like Glassbeam…