Building vs. Buying In-App Chat: The Ultimate Guide to Weighing Cost, Risk, & Other Product Roadmap Decisions
The choice between in-house chat development and today’s vendor solutions is highly consequential. The following considerations belong at the core of any feasibility analysis, cost approximation, or product roadmap.
Here are the high-level build vs. buy factors every product team should examine:
- Evaluate Your App’s Goals, Priorities, & Core Value Prop
- Weigh Dev Team Opportunity Cost
- Compare Costs: Estimating the Financial Investment to Build or Buy Chat
- Cost to Develop Chat Functionality In House
- Calculating Initial Chat Development Cost
- Calculating Maintenance, Improvement, & Scaling Costs
- Estimate the Cost to Buy an In-App Chat Solution
- In-App Chat as a Capital vs. Operational Expenditure
- Evaluate Time to Market & Time to Value
- Competitive Advantage & Time to Market
- Select Critical Chat Features: Best-of-Breed vs. MVP
- Core In-App Chat Features for an MVP Offering
- Advanced Chat Features
- Real-World Example: Feature Depth & Reliability with TaskRabbit
- Identify Risks Involved with Building vs. Buying Chat
- Security & Compliance
- Data & Storage Ownership
- Decision Ownership
- Scalability
- Reliability & Performance
- Technical Debt
- Cross-Platform Development
- Vendor Lock-In
- Make the Final Build vs. Buy Decision
Reference: https://getstream.io/blog/build-vs-buy-chat/