Off-the-shelf may be best
What are the main issues a hedge fund/fund of hedge fund should consider when deciding if it should invest in bespoke software, off-the-shelf packages or outsourcing?
This is an extended version of an article appearing in Technology Round Table: challenges ahead for the future.
First, it is critical to determine if off-the-shelf applications exist for the particular business need, says Stuart Sheppard at Netage Solutions. “In-house development of a custom application should be used as a last resort when the business need is truly unique and no other viable options exist,” he advises.
He says there are several reasons for this. The development process can be
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