8 December 2022 by Phillip Johnston • Last updated 14 February 2024“Not Invented Here” (NIH) syndrome is a significant problem for technology companies. NIH is a tendency to avoid code, products, standards, or techniques that come from outside of an organization. With software development, NIH is often associated with the idea that your internal team could do a better job, with a higher quality result, and incur a lower overall cost than any existing solution. In today’s market, you can purchase or find open source solutions for large portions of your system, including supporting infrastructure. You can buy pre-certified radio …
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6 December 2022 by Phillip Johnston • Last updated 28 March 2024Software companies often think of their code (or their software application) as an asset. Given one perspective, this makes sense: software has value, and you can buy it or sell it. This applies to organizations whose product is the code that they are selling. But for most teams, the code is not the product. Therefore, it is not an asset – it is a cost. The real asset is the business capability/value the software provides. Augmented by software, the business (or customer) can now do something they couldn’t do …
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When you run a company, you need some method to keep up with assets owned by your business (also known as "business personal property"). Such assets can include software, hardware, domain names, intellectual property, vehicles, and more. The typical motivation for tracking assets is to make sure that you're prepared when you need to file …
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