While some organizations attempt to build in-house solutions,
a platform approach tends to be more cost-effective and user-
friendly. In-house development demands entire teams of developers
and data scientists to build and maintain the system and its IT
infrastructure. Often these solutions take years to build and are
obsolete once they are completed due to the development time and
lack of infrastructure flexibility. When choosing a platform, organizations
may find that an open platform, which allows new sources to be
integrated via an API and enables flexible modeling, is preferable, as it
allows teams to benefit from a customized solution without the cost
and hassle of building a bespoke solution.
Now that we have explored the advantages of a platform
approach, let’s deep dive into the kind of solutions available.
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Decision intelligence platform
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