15 2022 IT Leaders in the Data Fusion/Analytics Domain Survey Report Investment in In-House Development vs 3rd Party Solutions Organizations that developed their own data fusion solutions plan to invest over $2.55m on average during 2022, which is 29% more than those using 3rd party vendors (who are planning to invest $1.96M). This indicates that self-developed solutions are far costlier to develop and maintain than outsourcing. In-house development may have been chosen as a strategy to combat a particular challenge but will often not have the flexibility to allow the business to adapt to changing needs. This can make changes and updates very costly in comparison with a 3rd party solution, which is designed from the outset to offer flexibility and customization. Figure 11 Investment in In-House Development vs. 3rd Party Solutions ($K) *Percentages do not add up to 100% due to rounding up of numbers $2,545K $1,963K $1,103K $225K We use a self-developed solution We use a 3rd-party vendor solution Not using a solution now, but need to Have no need for a solution