As I’ve been reading about Robots replacing Humans in a variety of caregiving tasks. I’ve been thinking about the Make vs. Buy decisions our customers make about IP.
Literally, companies (like car companies) replaced thousands of autoworkers with robots. This put many manual laborers out of jobs. It created a shed load of jobs building and maintaining robots. This includes software programmers. After all, once built, a robot still needs to be put in place, calibrated, and maintained so it does it’s one (or many) car assembly jobs really, really well.
As much as profitability is about execution and efficiency, it’s very much more about creating value. Companies that focus on creating value, real value, will grow. Companies solely focused on cost alone will not grow. They just don’t. To cost to buying (or building) non-differentiating IP has killed many companies (which I will not name here). This is due to the additional cost of buying/building the cheaper IP.
The Make vs. Buy decision is different for big companies and the small companies.
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