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Home > Domino Data Lab > Build or Buy? Understanding the True Costs of a Data Science Platform

Build or Buy? Understanding the True Costs of a Data Science Platform

White Paper Published By: Domino Data Lab
Domino Data Lab
Published:  Feb 08, 2019
Type:  White Paper
Length:  20 pages

As organizations increasingly strive to become model-driven, they recognize the necessity of a data science platform. According to a recent survey report Key Factors on the Journey to Become Model-Driven, 86% of model-driven companies differentiate themselves by using a data science platform. And yet the question of whether to build or buy still remains.

This paper presents a framework to facilitate the decision process, and considers the four-year projection of total costs for both approaches in a sample scenario.

Read this whitepaper to understand three major factors in your decision process:

  • Total cost of ownership - Internal build costs often run into the tens of millions
  • Opportunity costs - Distraction from your core competency
  • Risk factors - Missed deadlines and delayed time to market

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