Buzzwords
Each week or months, the tech world has its new buzzwords. ChatGPT, Web3, Blockchain... Following all trends is risky and inefficient. Focus on what you need to do and then evaluate the options. But keep things simple.
Topic
Risks
There will be risks associated with your venture. None of them should scare you away. You can take simple and easy steps to mitigate them and benefit from using software.
Extreme Platform Risk Example
Silicon Valley Bank, one of the biggest US banks just failed. An extreme example of platform risk...
Get Results Fast
It can be tempting to just give some requirements to a developer, let him disappear for some time to build and only show up when a product is ready. Don't! The risk and costs related far outweigh the benefits.
Monitor Everything
Issues will happen, problem will come up, expectedly or not, visibly or invisibly. The worst that can happen is you not knowing and reacting mindfully to a situation.
Opportunity Cost
Opportunity Cost is the cost associated with not doing B while having to do A.
It may be one of the most important reasons why you should consider saasisfy your work.
Own & Control
It can be tempting to let 3rd parties manage everything. Especially if you don't understand what they are doing for you. Stay in control!
Platform Risk
With the rise of XaaS (X as a Service), businesses rely more and more on outside vendors. But convenience and ease of use comes at a cost. What happens if the supplier change its offering or worse disappear ?