“If the ratio is high, you’re an idiot.” – Elon Musk “Musk developed the ‘idiot index,’ which calculated how much more costly a finished product was than the cost of its basic materials. If a product had a high idiot index, its cost could be reduced significantly by devising more efficient manufacturing techniques.” Effectively, what
Is outsourcing software development strategic or simply a cost saving method? It Depends The most infamous words in software development. Yes, it depends on the task at hand, but this cop out has long been a way to forego the development of a robust economic value and risk assessment. According to one vendor, “Engineering started
“Per McKinsey research from June 2022, nearly 70 percent of the top economic performers, compared with just half of their peers, are using their own software to differentiate themselves from their competitors.” McKinsey went on to state that: Digital products are driving the need to embed software across the board Increasingly, more value is being
