Summary
Businesses are increasingly building their own software tools instead of buying existing products, with many creating these tools outside the supervision of their IT departments. This change is made possible by the reduced costs and time needed to build custom software. The main challenge is ensuring proper oversight and governance as these new tools integrate into business operations.
Key Facts
- A survey found that 35% of companies have replaced at least one SaaS (Software as a Service) tool with their own custom-built solution.
- By 2026, 78% of those surveyed expect to build more custom tools.
- 60% reported creating software tools without IT department oversight in the past year.
- Building custom software is cheaper and faster now, sometimes taking only days instead of weeks.
- Custom tools often target smaller tasks that off-the-shelf software doesn't handle well.
- The lack of oversight on these tools could lead to security risks and unclear ownership.
- Effective governance of new software builds is crucial to prevent operational issues.
- Enterprises focusing on governance can turn this shift to their advantage, while those that don't might face problems with visibility and security.
